Jan-Apr credit growth put at 2.11%

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SaigonTimes English 2 day(s) ago

HCMC – By the end of April, outstanding loans had picked up 2.11% against end-2012, while bank deposits had increased 5.2%, said the State Bank of Vietnam (SBV).

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Major banks decide to reduce deposit interest rates

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VietNam News English 2 day(s) ago 3 related news

Several banks have decided to lower their deposit interest rates though the State Bank of Viet Nam (SBV) has kept its cap unchanged at 7.5 per cent.

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

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VietnamNet English 3 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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Slashing interest rates to support businesses

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Nhân dân English 5 day(s) ago 2 related news

Slashing interest rates to support businesses

Over the past week, a number of large State-owned commercial banks have announced deep cuts in their deposit interest rates. The move was expected to trigger a deposit interest cutting race across the entire banking system as a prerequisite to reducing lending rates.

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Vietcombank deposit rate cut, bolt out of blue for rivals

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Báo Thanh Niên English 1 week(s) ago 2 related news

Vietcombank deposit rate cut, bolt out of blue for rivals

Staff work at a branch of Vietcombank in Hanoi

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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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Import-export companies seeking to force dollar interest rates down

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VietnamNet English 6 day(s) ago 1 related news

Import-export companies seeking to force dollar interest rates down

VietNamNet Bridge – Importers and exporters have urged the State Bank of Vietnam to slash the dollar interest rates further to 5 percent per annum. A senior executive of the central bank once promised to find the way to force the rates to 4-5 percent.

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Vietnam: SBV cuts interest rates to three-year low

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Nhân dân English 1 week(s) ago

Vietnam: SBV cuts interest rates to three-year low

New rates take effect May 13 ( Image: An Ha )

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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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Vietnamese bonds gain on inflation, deposit-rate cap outlook

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Báo Thanh Niên English 1 week(s) ago 1 related news

Vietnam’s three-year bonds gained on speculation inflation will remain under control and the central bank will cut the interest-rate cap on local-currency deposits. The dong was steady.

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Two more banks cut deposit rates

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SaigonTimes English 1 week(s) ago 4 related news

HCMC – BIDV and VietinBank reduced their deposit rates on Thursday after Vietcombank had officially brought down its deposit rates on Monday, signaling lending rate cuts in the coming days.

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Agribank offers record low deposit rate

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

Agribank offers record low deposit rate

Wednesday saw three more major banks announce cuts on their deposit interest rates, with Agribank shocking the market by offering a record low rate.

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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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Interest rates going down and will decrease more sharply

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VietnamNet English 1 week(s) ago 2 related news

Interest rates going down and will decrease more sharply

VietNamNet Bridge – Vietcombank, one of the biggest commercial banks in Vietnam, has pioneered in slashing the deposit interest rate to 6 percent per annum. Other banks have unanimously reduced the lending interest rates.

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Vietcombank slashes interest on deposits

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

Vietcombank early this week cut its monthly deposit interest rate for the dong to 6 per cent, 1.5 per cent lower than the ceiling rate stipulated by the State Bank of Viet Nam.

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