» Interest Rates

  Vietnam’s benchmark stock index on January 19 rose the most in seven months and the currency rallied to a one-month high on speculation the central bank will cut interest rates and limit declines in the dong. The Ho Chi Minh City Stock Exchange’s VN Index climbed 3 percent to 373.43 at the 11 a.m....

Tags: Central Bank, Interest Rates, The Central Bank, The Dong

  Vietnam signaled that it may cut policy interest rates to “more suitable” levels after the first quarter and weaken the dong this year as Asia’s fastest inflation eases. “The central bank will adjust policy rates to more suitable levels, aiming to help ease the average level of market...

Tags: Interest Rates, The World Bank

  Vietnam will adjust policy interest rates to “more suitable” levels after the first quarter and weaken the dong as much as 3 percent this year, central bank Governor Nguyen Van Binh said. “We believe that 2012 will be a hard year, a challenging year for Vietnam’s economy,” Binh...

Tags: Binh Said The, Interest Rates, The World Bank

  Strong small banks should be allowed greater lending growth A local commercial bank’s employee counts money next to piles of dong notes in Hanoi on Monday The application of different credit caps on different banks based on their operational capacity is expected to correct...

Tags: Central Bank, Credit Growth, He Said The, Interest Rates, Small Banks, The Central, The Central Bank

The central bank has introduced a cap on bank deposit rates in an attempt to prevent unhealthy competition between lenders The 14 percent cap on bank deposit rates is only a temporary measure to ensure safety for the financial system and can be lifted when the market becomes stable, a central bank official said. The ceiling...

Tags: Central Bank, Interest Rates, Interest Rates Are

Lawyer Pham Thanh Binh, deputy head of Hong Ha Law Firm in Hanoi. A series of loan insolvencies totaling hundreds of billion Vietnamese dong have been detected in Hanoi. This is partly due to the impacts of the economic slowdown, which has savers shying away from legal investment channels because of low profits. They instead...

Tags: Black Credit, Black Credit Rdquo, By The Law, High Interest, High Interest Rates, Interest Rates, Ldquo Black Credit, Ldquo Black Credit Rdquo, Of The Recent, Pham Thanh Binh, Thanh Nien, Thanh Nien Weekly, The Law, The Loans, The Recent, Their Loans

An employee at Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, counts dong bank notes in Hanoi. Bank depositors are shifting their funds to other investment channels after the central bank ordered commercial banks to comply with a 14 percent ceiling on dong deposit interest rates. Several...

Tags: Dong Deposit, Dong Deposit Rates, Interest Rates, Small Banks

  Four years after a real estate boom that saw investors camp out on the streets waiting to pay cash for unbuilt apartments, Vietnam’s once-hot property market has caught a chill. High inflation and interest rates along with a government-imposed credit squeeze have led to a fall in prices and other incentives...

Tags: In The City, Interest Rates, Real Estate, The City, The Market

High interest rates have affected many companies in the production chain Market observers and industry insiders say that the normal ramping up of production for the holiday season is unlikely to happen this year. Cao Tien Vi, chairman of Saigon Paper Corp., Vietnam’s largest private paper producer, said many companies...

Tags: Interest Rates

A poultry trader carries chickens on his way to a local market in Ho Chi Minh City. Foreign firms are dominating the local animal feed and livestock breeding market. Foreign businesses hold most of the animal feed and livestock breeding market share and are working together to increase prices, according to local industry advocates. “While...

Tags: Animal Feed, Animal Feed Production, Foreign Firms, Foreign Livestock, Foreign Livestock Manufacturers, Interest Rates, Livestock Manufacturers, Of The Animal, The Animal Feed, The Market