Interest Rate

VnnNews – Economic analysts believe that the interest rate is now high but will decrease and become more affordable for businesses. Interest rates high, but will go down Some commercial banks now offer interest rates of 12-14 percent, while joint-stock banks list 15-17 percent and a few have pushed their rate up to 18 percent. The...

Tags: Interest Rate, Interest Rates, Per Annum, Percent Per, Percent Per Annum

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

VnnNews – Commercial banks are now waiting for a new decision from the State Bank of Vietnam (SBV). Late last week the Vietnam Banking Association (VNBA) held a meeting with bank representatives from the north and south. The details of the meeting remain unreleased, but well-informed sources claim that the members discussed a proposal...

Tags: Ceiling Deposit Interest, Ceiling Deposit Interest Rate, Commercial Banks, Deposit Interest, Deposit Interest Rate, Interest Rate, Interest Rates, Per Annum, Percent Per, Percent Per Annum, The Ceiling, The Ceiling Deposit, The Ceiling Deposit Interest, Trillion Dong

VnnNews – Negotiated interest rates for medium and long-term loans have reportedly reached 18 percent per annum. Financial analysts warn that if interest rates rise above 18 percent, businesses won’t borrow money from banks and will deposit money rather than doing business. According to Ly Xuan Hai, General Director of Asia...

Tags: Interest Rate, Lending Interest, Lending Interest Rate, Per Annum, Percent Per, Percent Per Annum, The Lending Interest, The Lending Interest Rate

VnnNews – “The Prime Minister himself also thinks that we should extend the negotiation-based interest rate scheme to short term as well” The stock market woke suddenly to the news that negotiation-based interest rates would be applied to medium and long term loans, borrowers and lenders as well as businesses and banks have...

Tags: And Long Term, And Long Term Loans, Deposit Interest, Interest Rate, Interest Rates, Long Term, Long Term Loans, Medium And Long, Medium And Long Term, Negotiation Based, Short Term, Term Loans, The Interest, The Interest Rate, The State

VnnNews - Governor of the State Bank Nguyen Giau shares his thoughts about what was done and will be done by the ‘powerful’ bank. Governor of the State Bank Nguyen Van GiauThoi bao Kinh te Vietnam: The short term interest rate subsidy package was the most important decision in 2009. Could you please tell us about how the decision...

Tags: Exchange Rate, Growth Rate, Interest Rate, The Exchange Rate, The State, The State Bank

VnnNews – SME Association Chair Cao Si Kiem has lodged a complaint with the central bank about overly high lending interest rates and “black credit” at banks. The hottest topic of discussion last week was “black credit” at commercial banks, referring to banks providing loans at interest rates higher than...

Tags: Ceiling Interest Rate, Interest Rate, Interest Rates

VnnNews – It has been rumoured that the State Bank of Vietnam may raise the basic interest rate in January 2010. While the State Bank of Vietnam (SBV) has not confirmed or denied the rumour, securities companies have already begun arguing that SBV has no reason to raise the basic interest rate. According to Tran Hai Yen, an analyst...

Tags: Basic Interest, Basic Interest Rate, Interest Rate, The Basic, The Basic Interest, The Basic Interest Rate

The interbank interest rate last week saw interest rates on all kinds of loans decrease by 0.07-2.23 percent, following previous week’s interest rate decrease trend. For the second consecutive week, the interbank interest rate decreased considerably. Interest rates of overnight and one week loans, which are the most popular, dropped sharply...

Tags: Growth Rate, Interest Rate, Last Week, Outstanding Loans Growth