Dollar deposit rate of above 0% proposed

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Báo Dân Trí English 2 day(s) ago 1 related news

Dollar deposit rate of above 0% proposed

The central bank should evaluate the possibility of raising the interest rate on US dollar deposits instead of keeping it at zero per cent as it currently is to avoid side effects.

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SBV advised to raise dollar deposit rate

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Báo Đầu Tư English 2 day(s) ago 1 related news

SBV advised to raise dollar deposit rate

The central bank should evaluate the possibility of raising the interest rate on US dollar deposits instead of keeping it at zero per cent as it currently is to avoid side effects.

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Banks baulk at strict rules in SBV’s Circular 36

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Báo Đầu Tư English 1 week(s) ago

Banks baulk at strict rules in SBV’s Circular 36

Various banks have requested a delay in Circular 36 amendments, stating that stricter lending rules will hurt their business.

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Gov’t calls for microfinance NGOs to register with NBC

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VietStock FI English 1 week(s) ago

A government official lambasted the slow application rate for non-governmental organizations (NGOs) that operate as microfinance lenders, urging them to register with the National Bank of Cambodia (NBC).

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MFI lending continues to skyrocket in 2016

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VietStock FI English 3 week(s) ago

Cambodia's microfinance sector shows no signs of slowing down as the sector posted a staggering 41 per cent year-on-year increase in the of its loan portfolio, and a similar increase in deposits, by the end of the first quarter in 2016, figures released yesterday by the Cambodian Microfinance Association (CMA) show.

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Banking still on a growth path

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VietStock FI English 3 week(s) ago

Banking still on a growth path

Total deposits and loans in Cambodia’s banking sector increased last year, albeit at a slower pace than in 2014, as banks and microlenders continued to expand their activities, a report released yesterday by the central bank showed.

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Acleda’s first-quarter profits up 21 per cent

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VietStock FI English 3 week(s) ago

ACLEDA Bank announced its first-quarter results for 2016 on Friday, reporting $30.19 million in profit for the quarter, up almost 21 per cent compared to the same period last year.

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Burgeoning offshore deposits no cause for alarm

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Báo Đầu Tư English 1 month(s) ago

Burgeoning offshore deposits no cause for alarm

The other investment account in Vietnam’s balance of payment (BOP) that was bolstered up to a whooping $7.3 billion in the third quarter last year was not something unusual or alarming. Eugenia Victorino, ANZ Banking Group’s economist for the ASEAN and Pacific region, explains the phenomenon to VIR’s Trang Nguyen.

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Vietnamese deposit $7.3b abroad

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Báo Đầu Tư English 1 month(s) ago

Vietnamese deposit $7.3b abroad

Viet Nam saw US dollar deposits overseas skyrocketing, possibly due to foreign currency policies implemented by the central bank, the Việt Nam Institute for Economic and Policy Research (VEPR) said.

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Local banks face liquidity trap as offshore deposits mount

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Báo Dân Trí English 1 month(s) ago

Local banks face liquidity trap as offshore deposits mount

By the end of 2015, the amount of deposited money by Vietnamese nationals in foreign banks reached USD7.3bn, according to the report by the Vietnam Institute for Economic and Policy Research (VEPR).

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Credit institutions optimistic

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Báo Đầu Tư English 1 month(s) ago

Credit institutions optimistic

Most credit institutions expected their business performance to see sustained growth this year thanks to good liquidity and decreasing risks and bad debts, according to a State Bank of Viet Nam (SBV)'s survey.

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Sathapana completes procedures for merger

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VietStock FI English 1 month(s) ago

Sathapana completes procedures for merger

After more than a year of internal structural changes, Sathapana Ltd – the third-largest microfinance institution (MFI) in Cambodia – has completed its merger with a local Japanese-owned bank to operate a consolidated commercial bank following the National Bank of Cambodia’s (NBC) approval of its lending license last Monday.

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New circular puts limit on foreign currency loans

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Báo Dân Trí English 2 month(s) ago 1 related news

New circular puts limit on foreign currency loans

HSBC CEO Pham Hong Hai talked with Dan Tri about the effect of newly-issued Circular 24 by the State Bank of Vietnam on the Vietnam’s dong’s value and foreign exchange rates.

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Vietnam banks race to keep dollar borrowers as tightened lending conditions near

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Báo Tuổi Trẻ English 2 month(s) ago

Vietnam banks race to keep dollar borrowers as tightened lending conditions near

With the effective date of a tightened policy on foreign currency lending drawing near, banks in Vietnam are taking measures to keep borrowers from turning their backs on them.

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Protective import tax sends steel prices soaring

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Báo Đầu Tư English 2 month(s) ago

Protective import tax sends steel prices soaring

A spokesperson for Song Da No2 Joint Stock Company (SD2) called up a magazine to grumble that steel prices have skyrocketed, pushing up costs for his company by billions of dong since the prices started to rise.

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