Vietnam parliament wants to beautify ugly economy with gov't spending cuts

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Báo Thanh Niên English 6 day(s) ago

Vietnam parliament wants to beautify ugly economy with gov't spending cuts

Banks have received more depositors than borrowers, which officials call a serious sign of economic downturn. Photo courtesy of Tuoi Tre

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Deposit interest rates go down, where the money goes to then?

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VietnamNet English 6 day(s) ago 3 related news

Deposit interest rates go down, where the money goes to then?

VietNamNet Bridge – Since commercial banks have lowered the interest rates, depositing has become less attractive in the eyes of investors. They may withdraw money from banks to put into production and business projects, or invest in securities as the stock index is on the rise.

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SBV cuts key policy rates, deposit rate unchanged

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SaigonTimes English 1 week(s) ago 1 related news

HCMC – The State Bank of Vietnam (SBV) has reduced key interest rates by one percentage point while deposit rates for tenors less than 12 months remain at 7.5% per annum.

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Big, small banks breaks rate cap to lure depositors

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Báo Tuổi Trẻ English 7 month(s) ago

Big, small banks breaks rate cap to lure depositors

Local lenders have breached the rate cap for time deposits which mature in less than one year to attract depositors.

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Nowhere to flow

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SaigonTimes English 1 week(s) ago

The cash flow is blocked in a situation alarming to all stakeholders, from depositors to banks and enterprises as well as the entire economy. It has been earlier lamented that the high interest rate has blocked enterprises’ access to bank loans, but fresh moves and outcries by bankers this week indicate another culprit: the capital absorptive ability of the economy. The blood vein – as the money circulation channel is likened to – is now clogged by the receptive organs,...

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Expert says VN banks are playing with fire

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Báo Tuổi Trẻ English 1 week(s) ago 4 related news

Expert says VN banks are playing with fire

Vietnamese banks are in a bind as they are unable to find borrowers while they still have to pay regular interest to a number of depositors, Associate Professor and Doctor Tran Hoang Ngan, deputy principal of the Ho Chi Minh City University of Economics, has said.

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Monopoly on gold imports under new decree necessary: cbank

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Báo Đầu Tư English 1 week(s) ago 4 related news

Monopoly on gold imports under new decree necessary: cbank

The State Bank of Vietnam (SBV) has reconfirmed that its recent decree on gold management policies help the local gold market operate in a more sustainable manner than before.

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Breakfast @ Tuoitrenews – May 10

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Báo Tuổi Trẻ English 1 week(s) ago

Breakfast @ Tuoitrenews – May 10

Politics

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Monopoly on gold imports under new decree necessary: cbank

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Báo Tuổi Trẻ English 1 week(s) ago 4 related news

Monopoly on gold imports under new decree necessary: cbank

The State Bank of Vietnam (SBV) has reconfirmed that its recent decree on gold management policies help the local gold market operate in a more sustainable manner than before.

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Deposit interest rates vary between domestic banks

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VietNam News English 1 week(s) ago 4 related news

Interest rates haven't shown significant changes since Vietcombank's rate cuts, but they have revealed the sharper rate difference among the banks.

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Banks defend high revenues

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Báo Dân Trí English 1 week(s) ago

Banks defend high revenues

The State Bank of Vietnam has countered accusations about bank revenues and disclosed the interest paid to depositors.

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Vietnam’s central bank imports gold to bolster official reserves

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Báo Thanh Niên English 2 week(s) ago 2 related news

Vietnam’s central bank imports gold to bolster official reserves

Vietnam’s central bank said it imported gold to make up for a reduction in reserves from sales to local commercial banks.

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Finance group urges rate cut

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VietNam News English 1 week(s) ago 1 duplicate news 1 related news

Finance group urges rate cut

The National Financial Supervisory Committee has suggested a further cut in the deposit interest-rate cap to 7 per cent to bring down lending rates to around 10 per cent.

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Agriculture credit growth tipped

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VietNam News English 1 week(s) ago 1 related news

Agriculture credit growth tipped

The State Bank of Viet Nam (SBV) has predicted that credit growth in the agriculture sector will rise 15 per cent, while in comparison the country's total credit growth is predicted at 12 per cent.

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Depositors upset, borrowers uninterested over rate cuts

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Báo Tuổi Trẻ English 2 week(s) ago 1 related news

Depositors upset, borrowers uninterested over rate cuts

With Vietcombank cutting its deposit interest rate by 1 percentage point as of May 6, depositors are unhappy and concerned over where to send their money, while borrowers seem uninterested, as it remains to be seen whether or not lending rates will go down accordingly.

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