Vietcombank increases lending by 10% in 9 months

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VietNam News English 1 week(s) ago

Vietcombank's credit growth reached 10.2 per cent in the first nine months of 2014, with loans totalling VND302.18 trillion (US$14.39 billion), according to its November 12 financial report.

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Savings gone with the wind – new case unveiled

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Báo Tuổi Trẻ English 1 week(s) ago

Savings gone with the wind – new case unveiled

Since publishing the story “Savings disappear without a trace after 31 years” late last week, Tuoi Tre continues to receive information from many readers about their savings books which have been kept since the 1980s.

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Cutting interest rates help boost growth

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VietnamPlus English 1 week(s) ago

The State Bank of Vietnam lowered interest rates on short-term deposits and ceiling interest rates on loans in a bid to boost bank loans, the English language version of the Nhan Dan (People) newspaper reported.

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BUSINESS IN BRIEF 4/11

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VietnamNet English 2 week(s) ago

Woodwork, furniture fair targets home market for domestic products

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Deposit rate cut has little effect

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VietNam News English 2 week(s) ago

Le Ngoc Huong of HCM City's Tan Binh District has decided not to pull out her deposit of VND1 billion from a bank though the interest rate has fallen from 5.6 per cent to 5.1 per cent.

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Deposit rate cut boosts optimism

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VietNam News English 2 week(s) ago

Investors were upbeat over news of the State Bank of Viet Nam's interest rate cut last week, but lingering caution over market outlook restrained the rise of Vietnamese stock indices.

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State Bank of Vietnam cuts interest rates to boost growth

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Báo Dân Trí English 3 week(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 week(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 week(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 week(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 week(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 3 week(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 month(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 month(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 month(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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