Dong/dollar exchange rate to cool down in July

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VietnamNet English 3 hour(s) ago

Dong/dollar exchange rate to cool down in July

VietNamNet Bridge – The dollar price has been increasing these days because of the slight demand increase. However, the dong/dollar exchange rate is believed to get stabilized by early July 2013.

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Vietnam three-year yield rises most in two years

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Báo Thanh Niên English 6 day(s) ago

Vietnam’s government bonds fell, sending the three-year yield to the highest level in more than two years, on speculation rising borrowing costs will crimp demand at an auction tomorrow. The dong was little changed.

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Vietnam bond yields drop for 5th day on bank demand

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Báo Thanh Niên English 3 week(s) ago 1 related news

Vietnam’s bonds rose, pushing benchmark yields lower for a fifth day, on speculation banks increased their holdings as lending slowed. The dong was steady.

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State Audit reveals wrongdoings in the banking system

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Báo Dân Trí English 3 week(s) ago 1 duplicate news

State Audit reveals wrongdoings in the banking system

A report from the State Audit of Vietnam has disclosed various wrongdoings of the banking system last year, including interest rates in the interbank market that were higher than those of the black market.

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Asia Commercial Bank faces great difficulties

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Báo Dân Trí English 1 month(s) ago

Asia Commercial Bank faces great difficulties

More than 200 staff of the Asia Commercial Bank (ACB), one of the most well-known banks in Vietnam, have been laid off over the past 3 months due to financial difficulties.

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SBV net injects VND354 bln via OMO

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Hanoi Times English 2 month(s) ago

The Hanoitimes- The State Bank of Viet Nam (SBV) net injected VND354 billion via open market operation (OMO) o­n March 25. In details, the SBV pumped VND1 trillion via OMO and withdrew VND646 billion.

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Banks cut deposit rates as liquidity improves

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Báo Dân Trí English 3 month(s) ago 1 duplicate news 1 related news

Banks cut deposit rates as liquidity improves

Many Vietnamese banks in HCM City have lowered deposit interest rates since early March as deposits continue to rise.

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Forex flurry turns calm

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Báo Đầu Tư English 3 month(s) ago

Forex flurry turns calm

The State Bank last week stepped in to calm a fluctuating foreign exchange market by reducing the selling price of USD on the interbank market.

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Banks begin merger process

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VietNam News English 4 month(s) ago 4 related news

Eximbank (EIB) and Sacombank (STB) late yesterday signed a five-year co-operation agreement which will pave a way for a likely merger between two of the biggest commercial banks in Viet Nam.

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Thanh Hoa strives to reduce poverty rate

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VietNam News English 8 month(s) ago

Thanh Hoa Province has set itself a target of reducing the number of poor households by at least three per cent a year on average so that the rate of poor households in the province will be less than 10 per cent by 2015.

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Banks court customers as capital tightens up

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Báo Đầu Tư English 9 month(s) ago

Banks court customers as capital tightens up

The limit in interbank activities and the stagnation of capital in non-performing loans is prompting banks to seek more deposits.

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Finance body warns on inflation, interest

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VietNam News English 9 month(s) ago

The National Financial Supervisory Committee proposed more attention be paid to the monetary market, warning in a recent report to the Government that the economy had seen alarming signs when it came to interest rates and inflation.

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Interbank short-term interest rates take a tumble

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VietNam News English 9 month(s) ago 1 related news

Interest rates in the interbank market fell significantly in the week from September 10-14 over the preceding week, according to the State Bank of Viet Nam.

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Market sees new clean bill of health

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Báo Đầu Tư English 9 month(s) ago

Market sees new clean bill of health

The bond and Treasury-bill markets are showing vital signs of life, after the market suffered heart attack spasms following the arrests of high-profile bankers.

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Banks set new peak for long-term deposit rates

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Báo Đầu Tư English 9 month(s) ago 1 related news

Banks set new peak for long-term deposit rates

Some banks have increased the deposit interest rates for savings of a term above 12 months to 13 per cent a year from the 12 per cent peak they offered last June.

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