Vietnam mulls ban on expats making foreign-currency desposits

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Báo Thanh Niên English 10 month(s) ago

Vietnam mulls ban on expats making foreign-currency desposits

The central bank has unveiled a draft decree which seeks to prohibit non-Vietnamese from opening bank savings accounts in foreign currencies.

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Risks from high interest rates

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Báo Đầu Tư English 13 month(s) ago

Risks from high interest rates

With monthly interest rate reaching 3 per cent, investment advisory companies are luring huge capital amounts from the community which prove highly risky ventures since these monies are mostly poured into gold and forex trade but not serving production or business activities.

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City seminar to highlight business opportunities

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VietNam News English 13 month(s) ago

A seminar on year-end business opportunities for small and medium sized enterprises will be held next Tuesday in HCM City.

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Remittances to turn heads

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Báo Đầu Tư English 23 month(s) ago 1 duplicate news

Remittances to turn heads

Remittances sent to Vietnam this year are expected to substantially exceed last year’s total of $9 billion.

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Banks struggle for capital in wake of new law

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VietNam News English 24 month(s) ago 1 related news

A crackdown on inter-bank trading has reduced their access to capital, prompting banks to raise deposit interest rates, often above the Government's cap, said Le Tham Duong of the HCM Banking University.

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Banks have weak claim for raising ATM fees

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Báo Thanh Niên English 25 month(s) ago

Banks in Vietnam have been lobbying hard for permission to raise the fees they charge customers for using automated teller machines (ATMs), but new data suggests they could already be enjoying fat profits from the business.

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Banks embark on interest rate race

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Báo Đầu Tư English 28 month(s) ago 1 duplicate news

Banks embark on interest rate race

The jury is out to whether ceiling mobilising rate scheme should be removed.

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Economists expect removal of deposit rate cap this year

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Báo Thanh Niên English 28 month(s) ago 1 related news

Economists forecast that the central bank will completely remove the interest rate cap on dong deposits soon as the banking system escapes liquidity problems in the third quarter.

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Quiescent gold market holds breath for new regulations

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VietStock FI English 30 month(s) ago 2 related news

Quiescent gold market holds breath for new regulations

The Vietnamese gold bullion market has gone very quiet as it waits on a Government decree vesting management of gold trading in the central bank to take effect on May 25.

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Quiescent gold market holds breath for new regulations

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VietNam News English 30 month(s) ago 2 related news

Quiescent gold market holds breath for new regulations

The Vietnamese gold bullion market has gone very quiet as it waits on a Government decree vesting management of gold trading in the central bank to take effect on May 25.

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Market set for a golden time

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Báo Đầu Tư English 31 month(s) ago 5 related news

Market set for a golden time

The bullion market is stepping into a new age. In early April, 2012 the Government rubber-stamped Decree 24/2012/ND-CP effective from May 25, 2012, regulating gold management.

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Banks polish golden potential

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VietStock FI English 31 month(s) ago 1 related news

Banks are working to maximise golden advantages.

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Banks polish golden potential

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Báo Đầu Tư English 31 month(s) ago 1 related news

Banks polish golden potential

Banks are working to maximise golden advantages.

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Savings deemed safer as gold price fluctuates

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VietNam News English 31 month(s) ago 5 related news

Saving is the best investment amid the current fluctuating gold prices, says HCM City Banking University business administration department head Le Tham Duong.

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Stock market looks up, all eyes on banking

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VietStock FI English 32 month(s) ago 1 related news

Stock market looks up, all eyes on banking

Experts say Vietnam’s stock market will continue to see an uptrend in the near future, with bank stocks being highlighted as top investment options.

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