Per Annum

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 State Bank of Vietnam’s decision has sparked new worry that the lending interest rate will rise to levels that businesses cannot afford. Previously, the permissable rate for such loans had been capped at twelve percent.  Vo Dai Chau, Advisor to the Management Board of Trust Bank, told Tuoi Tre newspaper that banks...

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

VnnNews – Commercial banks are still collecting additional fees from borrowers, despite SBV’s warnings.  The current basic interest rate is eight percent per annum, which means that commercial banks can lend money at no more than 12 percent per year. Businesses complain that the actual interest rate is 15-16 percent. T.,...

Tags: Commercial Banks, High Interest Rates, Interest Rate, Interest Rates, Per Annum, Percent Per, Percent Per Annum

VnnNews – Vietnam is set to release a decision to lift the ceiling on foreign ownership ratio in local businesses to 49 percent. The good news for foreign investors was released by deputy chairman of the State Securities Commission (SSC) Nguyen Doan Hung on November 30 at the workshop on the capital and finance market co-organised by...

Tags: At The Workshop, Foreign Investors, Foreign Ownership Ratio, Gdp Growth, Gdp Growth Rate, Growth Rate, Per Annum, Percent Per, Percent Per Annum, The Gdp Growth, The Gdp Growth Rate, The Government

VnnNews – A curious phenomenon can be seen at commercial banks – the 9.99 percent interest rate for all kinds of deposits. With several hundred million dong in his pocket, Phuc wants to make a deposit. He has checked information on interest rates offered by different banks and noticed all offer 9.99 percent - the ‘three nines’...

Tags: Commercial Banks, Interest Rate, Interest Rates, Month Term, Month Term Deposits, Per Annum, Percent Per, Percent Per Annum, Short Term, Term Deposits

VietNamNet Bridge – While borrowers are complaining of raised lending rates,  banks are trying to restrict new loans. One Vietnam Thuong Tin (Vietbank) client said that he had been told that there would be an interest rate increase from 14.5 percent to 15.57 percent per annum.Asia Commercial Bank (ACB) also announced a rise in lending...

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

VnnNews – Just days ago, commercial banks agreed to maintain present interest rates until the end of 2009. Yet deposit interest rates continue to rise. The banking association called on banks to halt the interest rate race because it believed that banks raised interest rates not because they lacked capital, but to attract more clients....

Tags: Bank Has Raised, Deposit Interest, Deposit Interest Rates, Has Raised, Highest Interest Rate, Interbank Interest Rate, Interest Rate, Interest Rate Has, Interest Rates, Interest Rates Have, Per Annum, Percent Per, Percent Per Annum, The Highest, The Highest Interest, The Highest Interest Rate