State Bank of Vietnam cuts interest rates to boost growth

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Báo Dân Trí English 3 day(s) ago 1 duplicate news

State Bank of Vietnam cuts interest rates to boost growth

The State Bank of Vietnam (SBV) has cut the interest rate on Vietnamese dong deposits with terms of less than six month by 0.5 percentage point to 5.5% in a move to encourage lending and boost economic growth.

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Ocean Bank says liquidity still fine

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VietnamNet English 3 day(s) ago

Ocean Bank says liquidity still fine

Ocean Bank said on October 27 it has had no problem with liquidity since Ha Van Tham, former chairman of the bank, was detained by police last Friday on his alleged involvement in lending irregularities.

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Shares rebound on deposit rate cut

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VietNam News English 3 day(s) ago 1 duplicate news 1 related news

Shares rebound on deposit rate cut

Stocks rebounded from nearly two-month lows as the central bank announced a reduction in the deposit interest rates ceiling from tomorrow onwards.

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SBV to lower deposit & short-term lending interest rates

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Báo Đầu Tư English 3 day(s) ago 1 related news

SBV to lower deposit & short-term lending interest rates

Since October 29, the State Bank of Viet Nam (SBV) will lower the interest rate ceiling in VND from 6% to 5.5% per year for short-term deposits (1-6 months long), said SBV Deputy Governor Nguyen Thi Hong.

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SBV slashes deposit rate cap

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VietNam News English 3 day(s) ago 1 related news

SBV slashes deposit rate cap

The annual interest rate cap for short-term Vietnamese dong deposits will be cut from 6 per cent to 5.5 per cent.

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Wide deposit-loan interest gap persists: analysts

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VietNam News English 5 day(s) ago 1 related news

The interest rate gap between loans and deposits has reached 4 per cent, benefiting banks but causing difficulties for enterprises, independent analysts have said.

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Philippines reports 98 mln USD surplus in balance of payment

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VietnamPlus English 1 week(s) ago

The Philippines recorded a surplus of 98 million USD in September balance of payment compared to 465 million USD in the same period last year and 114 million USD in August.

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Thousands of Vietnamese swindled by online pyramid scheme

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Báo Thanh Niên English 1 week(s) ago

Thousands of Vietnamese swindled by online pyramid scheme

The six Khai Thai Company officials who were arrested early this month swindled thousands of Vietnamese citizens out of VND487 billion (US$23 million) in an elaborate pyramid scheme, according to the Ministry of Public Security.

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Vietnam's businesses, banks stuck in credit stalemate

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Báo Thanh Niên English 2 week(s) ago

Vietnam's businesses, banks stuck in credit stalemate

Sales-starved businesses in Vietnam remain nonplussed by the cheap, short-term loans on offer, while the country's bad debt-bitten banks refuse to offer anything else.

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BUSINESS IN BRIEF 13/10

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VietnamNet English 2 week(s) ago

Draft tax incentives get NA clearance

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SBV survey predicts 14.5% credit growth

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VietNam News English 3 week(s) ago

Deposit and credit growth will likely accelerate in the last quarter of 2014, pushing the growth rate for deposits to 14.4 per cent and that for credit to 14.5 per cent this year.

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Vietnam's central bank calls for cheaper loans, again

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Báo Thanh Niên English 3 week(s) ago

Vietnam's central bank calls for cheaper loans, again

The State Bank of Vietnam (SBV) has called for further interest rate cuts on both new and old loans, citing a surplus of the money in the system.

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State Bank leader eases banking sector concerns

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Báo Đầu Tư English 3 week(s) ago

State Bank leader eases banking sector concerns

State Bank of Vietnam Governor Nguyen Van Binh claimed the threats to the country’s banking system had largely been alleviated at last week’s National Assembly Standing Committee meeting.

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HCM City credit grows 6 per cent

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VietNam News English 3 week(s) ago

HCM City credit grows 6 per cent

HCM City achieved a 6.05 per cent credit growth worth VND1,010 trillion (US$47.4 billion) from January to September 2014, the local government announced on its website on Thursday.

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SSC builds legal framework to run derivatives market

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VietnamPlus English 1 month(s) ago

SSC builds legal framework to run derivatives market

A Vietnamese derivatives market is expected to be put into operation in 2016. The State Securities Commission (SSC) is stepping up the construction of a legal framework to run this market safely and effectively, the Vietnam Economic News reported.

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