Last updated: Saturday, September 10, 2011
Vietnam’s central bank on Wednesday ordered commercial lenders to report on their progress in lowering deposit and lending interest rates, Thoi Bao Ngan Hang, a publication of the central bank, reported, citing Governor Nguyen Van Binh.
Commercial lenders must send the central bank copies of their internal...
Last updated: Tuesday, August 30, 2011
Dong deposit rates have been capped at 14 percent. Lowering deposit rates will help reduce borrowing costs for businesses, experts said.
With improved bank liquidity, Vietnam’s goal of reducing dong interest rates in September may be well within reach, according to local economists.
In early August, the State Bank of...
Last updated: Monday, October 4, 2010
VnnNews – Unlike previously, when banks restricted loans to meet requirements on their capital adequacy ratio, they now have profuse capital and rush to find borrowers. Most are focusing on funding production and personal consumption, while restricting loans for real estate and securities investments.
Businesses still prefer loans...
Last updated: Monday, July 19, 2010
Many banks are offering to lend dong to export companies at interest rates of 12-12.5 percent per annum only, but businesses still claim the loans are out of reach.
VnnNews – Many commercial banks are offering to lend dong to export companies at interest rates of 12-12.5 percent per annum only, but businesses still claim the loans are...
Last updated: Sunday, July 11, 2010
The government has grabbed the bull by the horns to maintain the economy’s impressive growth path to the year’s end.
VnnNews – The government has grabbed the bull by the horns to maintain the economy’s impressive growth path to the year’s end.
Economy sees high growth
Government Office Chairman...
Last updated: Thursday, July 1, 2010
VnnNews – As inflationary fears ease, bankers expect the deposit interest rate to settle at ten percent per annum
VnnNews – As inflationary fears ease, bankers expect the deposit interest rate to settle at ten percent per annum and lending interest rates to creep down toward the twelve percent range.
With capital more...
Last updated: Tuesday, June 29, 2010
Mekong delta asked to invest more in infrastructure; Prime rate to remain unchanged for now; Giant container terminal gets go-ahead
Mekong delta asked to invest more in infrastructure< />
The Mekong delta cities and provinces should focus their investments on traffic and irrigation systems, education and healthcare when pursuing a new...
Last updated: Monday, June 14, 2010
VnnNews – The State Bank of Vietnam had a meeting with commercial banks at which the central bank once again repeated its request for interest rates to be lowered
VnnNews – The State Bank of Vietnam had a meeting with commercial banks at which the central bank once again repeated its request for deposit interest rates to be lowered...
Last updated: Thursday, June 10, 2010
VnnNews – A lot of commercial banks have launched new lending programs, offering to lend with preferential interest rates to expand their credit.
VnnNews – A lot of commercial banks have launched new lending programs, offering to lend with preferential interest rates to expand their credit.
Economist argues interest rates...
Last updated: Wednesday, June 2, 2010
Some banks have lashed their interest rates again after SBV threatened to inspect banks applying deposit interest rates of 12 percent and higher.
VnnNews – Some commercial banks have lashed their interest rates again after the State Bank of Vietnam (SBV) threatened to inspect banks applying deposit interest rates of 12 percent and higher.
Time...
