» For Short Term

VnnNews – It’s anticipated that commercial banks will offer short term loans at a real interest rate of fourteen percent/annum. . .   The target lending rate was discussed on April 2, at a meeting convened by the State Bank of Vietnam (SBV) with commercial banks in Hanoi and HCM City, and is widely seen as a step by the central...

Tags: Commercial Banks, Commercial Banks Will, For Short Term, Fourteen Percent, Interest Rate, Interest Rates, Per Annum, Percent Per, Percent Per Annum, Short Term

VnnNews – The new decision by SBV was thought to help promote lending. The results however, have been minimal. Commercial banks still “dodging” the laws One week after the SBV decision took effect, borrowers paying bank debts and hoping to get new loans have been asked to sign contracts on medium loans, even though they...

Tags: And Long Term, Billion Dong, Commercial Banks, For Short Term, For Short Term Loans, Interest Rate, Interest Rates, Medium And Long, Medium And Long Term, Short Term, Short Term Loans, Term Loans

VnnNews – Commercial banks are feeling confused by hearing conflicting information from government agencies about removing the interest rate ceiling on short-term loans. At a press conference on March 3, 2010, Le Duc Thuy, Chair of the National Finance Supervision Council, stated: “The Government is now leaning toward instructing...

Tags: Based Interest, Based Interest Rates, For Short Term, For Short Term Loans, Interest Rate, Interest Rate Ceiling, Interest Rates, Negotiation Based, Negotiation Based Interest, Negotiation Based Interest Rates, Short Term, Short Term Loans, Term Loans, The Interest Rate, The Interest Rate Ceiling