6 banks escape State Bank of Vietnam sanctions

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Báo Tuổi Trẻ English 24 month(s) ago 1 duplicate news

Six Ho Chi Minh City-based banks have narrowly escaped being sanctioned by the State Bank of Vietnam after managing to cut their outstanding loans to non-manufacturing sectors to 22 percent by June 30, Ho Huu Hanh, director of the central bank’s city branch, said.

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Six banks struggle to lower non-productive sector loans

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SaigonTimes English 24 month(s) ago

HCMC – Six of 17 banks in HCMC are struggling to slash credits for non-productive sectors to 22% of their total outstanding loans as the clock is ticking to the June 30 deadline, said the central bank’s HCMC branch director Ho Huu Hanh.

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Techcombank ordered to fire branch head

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Báo Thanh Niên English 31 month(s) ago 1 related news

A Vietnamese central bank official has called for the termination of a Techcombank branch director for offering illicit interest rates.

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Deposit rate now capped at 14%/year

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SaigonTimes English 31 month(s) ago 3 related news

Deposit rate now capped at 14%/year

HCMC – The annual deposit interest rate is capped at 14% from Wednesday following a meeting in Hanoi on Tuesday between the central bank and leaders of banks.

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Vietnamese dong deposit rates calm down after week of turbulence

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VietStock FI English 31 month(s) ago 2 related news

Vietnamese dong deposit rates calm down after week of turbulence

Vietnamese banks have cut deposit rates to around 14 percent from a high of 18 percent last week, after what bankers said on Monday was a race to raise funds that may not have derived from lenders' real need for liquidity.

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Vietnamese dong deposit rates calm down after week of turbulence

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Báo Tuổi Trẻ English 31 month(s) ago 2 related news

Vietnamese banks have cut deposit rates to around 14 percent from a high of 18 percent last week, after what bankers said on Monday was a race to raise funds that may not have derived from lenders' real need for liquidity.

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Central bank looks to crack whip on runaway interest rates

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Báo Thanh Niên English 31 month(s) ago 1 related news

The State Bank of Vietnam Wednesday asked its branches to inspect commercial lenders and make a list of those offering deposit rates of more than 14 percent.

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15 banks connect to POS system in HCMC

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SaigonTimes English 31 month(s) ago 1 related news

HCMC – Fifteen commercial banks and three card service corporations on Thursday announced to get connected to the POS (point of sale) machines system in HCMC with an aim to create convenience for banks’ cardholders in payment without cash.

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Central bank intervenes as banks heat up rates race

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SaigonTimes English 31 month(s) ago 2 related news

Central bank intervenes as banks heat up rates race

HCMC – The central bank said on Wednesday it would monitor those banks which chased up the deposit rates higher than 14% per year after some lenders had raised their deposit rate to 17%-18%.

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State Bank tries to prevent banks from increasing their interest rates

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SaiGon GP English 31 month(s) ago 2 related news

State Bank tries to prevent banks from increasing their interest rates

The State Bank of Vietnam has ordered its branches to monitor all other banks that have an interest rate higher than 14 percent a year.

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Forex market to end chaos

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Báo Đầu Tư English 32 month(s) ago

Forex market to end chaos

The forex market is set to leave turbulence behind it with mass inflows of hard currencies towards the year’s end.

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City bent on thwarting seasonal price hikes

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VietStock FI English 32 month(s) ago

City bent on thwarting seasonal price hikes

The municipal administration has pledged it will ensure sufficient supplies of essential commodities and no "pricing fever" during the year-end festive season.

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City bent on thwarting seasonal price hikes

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VietNam News English 32 month(s) ago

The municipal administration has pledged it will ensure sufficient supplies of essential commodities and no "pricing fever" during the year-end festive season.

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Vietnam forex market needs stronger interventions: central bank

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Báo Thanh Niên English 32 month(s) ago

More aggressive measures are necesssary to stabilize the local monetary and gold market as weak government interventions can prolong the instability, a central bank official says.

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Forex market still in a state of flux as firms feel the squeeze

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Báo Đầu Tư English 32 month(s) ago 2 related news

Forex market still in a state of flux as firms feel the squeeze

The black market exchange rate hit a new record of around VND21,200 per dollar by the weekend. The rate was down to VND20,900 early last week after gold prices dropped.

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