Stock lending capped at 5 % of banks' charter capital

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VietNam News English 1 day(s) ago

Starting next February, total outstanding loans that commercial banks and branches of foreign banks may offer for stock investment cannot exceed 5 per cent of their charter capital, according to a circular issued yesterday by the State Bank of Viet Nam (SBV).

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US dollar price rises, but SBV does not adjust exchange rate

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VietnamNet English 1 day(s) ago

US dollar price rises, but SBV does not adjust exchange rate

VietNamNet Bridge – The US dollar price has unexpectedly been increasing in recent days, but the nominal exchange rate remains unstable. Economists believe an adjustment of the exchange rate would not boost exports.

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China’s PBOC cuts interest rates for first time since 2012

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Báo Thanh Niên English 2 day(s) ago

China’s PBOC cuts interest rates for first time since 2012

China cut benchmark interest rates for the first time since July 2012 as leaders step up support for the world’s second-largest economy, sending global shares, oil and metals prices higher.

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PM pledges favourable conditions for German investors

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VietnamPlus English 2 day(s) ago 3 related news

PM pledges favourable conditions for German investors

Prime Minister Nguyen Tan Dung has told German Vice Chancellor and Federal Minister for Economic Affairs and Energy Sigmar Gabriel that Vietnam always keeps it door wide open for German investors and creates favourable conditions for them to run long-term business in Vietnam.

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Vietnam caps bank credit for stock investment at 5 pct

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Báo Thanh Niên English 2 day(s) ago

Vietnam caps bank credit for stock investment at 5 pct

Vietnam's central bank will cap bank loans to customers who use the money to invest in shares at a maximum 5 percent of the bank's registered capital, it said in a directive.

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Firms rush to sell ships to stop losses

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VietnamNet English 2 day(s) ago

Firms rush to sell ships to stop losses

VietNamNet Bridge – The majority of shipping firms have been taking losses over the last five years, while some have sold ships.

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Shares recover from early losses

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

Shares recover from early losses

Vietnamese stock markets halted two days of sharp decline and ended in the green yesterday, with gainers outnumbering losers three to one.

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Shares recover from early losses

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VietnamPlus English 2 day(s) ago 2 related news

Shares recover from early losses

Vietnamese stock markets halted two days of sharp decline and ended in the green on November 20, with gainers outnumbering losers three to one.

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Shares recover from early losses

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VietNam News English 2 day(s) ago 2 related news

Shares recover from early losses

Vietnamese stock markets halted two days of sharp decline and ended in the green yesterday, with gainers outnumbering losers three to one.

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Vietnam banks to trim bad debts by year end

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Báo Thanh Niên English 3 day(s) ago

Vietnam banks to trim bad debts by year end

Bad debts in Vietnam's troubled banking system could fall sharply by year-end to 2.5 to 2.7 percent of total loans thanks to debt restructuring and tighter supervision, Prime Minister Nguyen Tan Dung said on Wednesday.

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Deutsche Bank steps up its Vietnam vigor

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Báo Đầu Tư English 3 day(s) ago

Deutsche Bank steps up its Vietnam vigor

Since it entered the country in 1992, Deutsche Bank has sought to strengthen its presence as a foreign bank branch in Vietnam. Jens Ruebbert, chief country officer and head of Global Transaction Banking told VIR’s Hoang Anh that the institution has indeed contributed to opening Vietnam to the global investment community.

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SBV: Exchange rate remains unchanged

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SaiGon GP English 4 day(s) ago 1 related news

The State Bank of Vietnam (SBV) affirmed that it will make no change to the USD/VND exchange rate in a document sent to the media on November 18.

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70 percent of SMEs cannot access bank loans

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VietnamPlus English 4 day(s) ago 1 related news

70 percent of SMEs cannot access bank loans

Only 30 percent of small- and medium-sized enterprises (SMEs) in Vietnam have access to bank loans, while the rest rely on their own capital or loans from other sources at high interest rates, according to K. Balasingam, General Director of the Institute of Manpower, Banking and Finance (BITC).

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SBV: Exchange rate remains unchanged

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VietnamPlus English 4 day(s) ago 1 related news

The State Bank of Vietnam (SBV) affirmed that it will make no change to the USD/VND exchange rate in a document sent to the media on November 18.

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Vietnam central bank says will keep forex rate stable

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Báo Tuổi Trẻ English 4 day(s) ago 1 duplicate news

Vietnam central bank says will keep forex rate stable

The State Bank of Vietnam will keep the dollar/dong exchange rate stable as there is no reason to adjust it, it said in a press release late Tuesday.

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