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VnnNews – Banks say lending nterest rate decreases will slow because they find it difficult to slash deposit interest rates. VnnNews – Though banks have been cutting negotiable lending interest rates, only several banks have continued to do so since early May. Banks say lending nterest rate decreases will slow because they find...

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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...

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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...

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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...

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VnnNews – The rollover of 2009 loan subsidy programme funds could be limited due to safety restrictions. Government bonds are being pointed to as a safe way for banks to lock up their excess fundsNguyen Thi Kim Thanh, head of the State Bank’s Banking Development Institute, said around VND10 trillion ($560 million) in short-term...

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