’Business as usual’ won’t drive growth: official

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Báo Đầu Tư English 1 month(s) ago

Key advantages that have driven national growth will not last much longer, and policy breakthroughs are needed to unleash the nation’s ‘inner potential,’ a senior Party official said yesterday.

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Ocean Bank finds new foreign owner

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Báo Đầu Tư English 1 month(s) ago

A source of VIR revealed that the zero VND Ocean Commercial Joint Stock Bank (Ocean Bank) has been sold to a foreign bank in Asia.

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Gov’t raises depositors’ insurance compensation to VNĐ75 million

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Báo Đầu Tư English 1 month(s) ago

The maximum insurance payable to a depositor for all deposits in an insured organisation will be raised to VNĐ75 million (US$3,289) from VNĐ50 million with effect from August 5.

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Experts call to raise USD deposit rate

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Báo Đầu Tư English 1 month(s) ago

The policy of zero interest rate on USD deposits is showing some shortcomings and the State Bank of Vietnam (SBV) may need to increase it, especially in light of certain pressures on the VND/USD exchange rate.

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Consumer loans rise nearly 30% by end May

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Báo Đầu Tư English 1 month(s) ago

Consumer lending by end May rose 29.7 per cent against the end of 2016, the National Financial Supervisory Commission (NFSC) has said.

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Interest rates rising, banks stablising

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Báo Đầu Tư English 1 month(s) ago

A number of commercial banks have been increasing promotional rates for long-term deposits by 0.1 to 0.2 per cent per annum, along with issuing additional certificates of deposit, in an attempt to safely restructure their reserves, said Vuong Duy Lam of the National Institute for Vietnam Finance under the Ministry of Finance.

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Interest rates in inter-bank market drop for fifth week

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Báo Đầu Tư English 1 month(s) ago

Liquidity in the banking system has been positive as interest rates in the inter-bank market dropped for the fifth consecutive week.

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Energy exports a lifeline for boycott-hit Qatar

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Báo Đầu Tư English 1 month(s) ago

KUWAIT CITY: A Saudi-led diplomatic and economic blockade against Qatar may threaten food imports, but the tiny emirate still has a lifeline through its gas and oil exports, experts said on Tuesday (Jun 6).

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Interest rates remain stable: survey

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Báo Đầu Tư English 1 month(s) ago

Interest rates for deposits and loans and bond yields have remained relatively steady since the end of January, as inflation is under control and foreign exchange rate is stable.

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Bank for Social Policies’ capital rises 6.7%

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Báo Đầu Tư English 2 month(s) ago

The Bank for Social Policies’ total capital at the end of the first quarter rose 6.7 per cent against December 2016 to VND173.34 trillion (US$7.6 billion), its latest report shows.

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Inter-bank rate slides to one-month record low

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Báo Đầu Tư English 3 month(s) ago

The one-month record low inter-bank rate reported last week has confirmed that the liquidity of the dong has cooled down.

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Automation war breaks out among young banks

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Báo Đầu Tư English 3 month(s) ago

Young commercial banks in Vietnam have geared up to automate retail banking services in order to compete with older banks.

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Dong liquidity cools down

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Báo Đầu Tư English 3 month(s) ago

Liquidity of the Vietnamese dong in the banking system has shown signs of cooling down over the past week.

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Vietnam banks offer promotions as gold market tenses for God of Wealth Day

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Báo Tuổi Trẻ English 6 month(s) ago 1 related news

Banks in Vietnam return after the Lunar New Year festival with promotions to attract deposits while the local gold market builds up speed in anticipation of the God of Wealth Day.

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At least 6 killed in mine collapse in eastern India

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Báo Dân Trí English 7 month(s) ago 2 related news

At least six workers have been killed in a coal mine accident in eastern India, and police said Friday that 17 others could remain trapped in the mine.

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