Philippines reports 98 mln USD surplus in balance of payment

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VietnamPlus English 2 day(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 4 day(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 1 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 1 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 2 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 2 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 2 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 2 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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VAMC buys nearly 60 trillion VND worth of bad debts

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VietnamNet English 1 month(s) ago 2 related news

The Vietnam Assets Management Company (VAMC) has purchased 59.5 trillion VND (2.83 billion USD) worth of bad debts from 35 credit institutions by September 1, said Nguyen Quoc Hung – Chairman of VAMC’s member-board.

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VAMC buys nearly 60 trillion VND worth of bad debts

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VietnamPlus English 1 month(s) ago 2 related news

VAMC buys nearly 60 trillion VND worth of bad debts

The Vietnam Assets Management Company (VAMC) has purchased 59.5 trillion VND (2.83 billion USD) worth of bad debts from 35 credit institutions by September 1, said Nguyen Quoc Hung – Chairman of VAMC’s member-board.

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Philippines’ forex reserves highest in August

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VietnamPlus English 1 month(s) ago

The Philippines’ gross international reserves (GIR) expanded to 80.79 billion USD in August, the highest since December 2013, according to the local central bank (BSP).

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Banks iron out post-merger teething issues

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VietNam News English 1 month(s) ago

Banks iron out post-merger teething issues

The new Saigon Commercial Bank (SCB), formed by its 2012 merger with two other joint stock banks, Viet Nam Tin Nghia and De Nhat, is turning things around after a difficult start.

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Credit growth projected at 4.5% in first eight months

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VOV News English 1 month(s) ago 2 related news

Credit growth projected at 4.5% in first eight months

Vietnam's credit is expected to grow by 4.5% and its deposits, by 8.21%, by late August, according to the State Bank of Vietnam.

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Credit growth projected at 4.5% in first eight months

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VietNam News English 1 month(s) ago 2 related news

Viet Nam's credit is expected to grow by 4.5 per cent and its deposits, by 8.21 per cent, by late August, according to the State Bank of Viet Nam.

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