Vietnam chemical giant calls for gov’t help with $125mn Chinese loan

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Báo Tuổi Trẻ English 1 month(s) ago

When its fertilizer plant funded by Chinese bank loans was bogged down by losses, state-run Vietnamese chemical giant Vinachem immediately turned to the government for help, instead of seeking solutions to revitalize the loss-making project.

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Portugal makes early 1-billion euro repayment to IMF

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Báo Đầu Tư English 1 month(s) ago

LISBON: Portugal has made an early repayment of €1 billion to the International Monetary Fund and intends to repay a further €2.6 billion of bailout loans by August, the government said Friday.

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Vietnam department head claims personal $887k villa complex funded by bank loans

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Báo Tuổi Trẻ English 1 month(s) ago

Few Vietnamese would turn to bank loans to finance a US$887,000 house buidling plan, but the director of a provincial department has asserted that it is how his 1.3 hectare villa complex was funded.

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Post-investment credit guarantees of cooperative development support fund

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Báo điện tử CP English 1 month(s) ago

VGP – The PM has recently issued Decision No. 23/2017/QD-TTg revising and supplementing a number of articles of Decision No. 246/2006/QD-TTg dated October 27, 2006 on the establishment of the Cooperative Development Support Fund and the issuance of the Fund’s post-investment credit guarantee and interest rate support regulation.

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’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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Expert warns over possible increase in USD exchange rate

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Báo Đầu Tư English 2 month(s) ago

After the Federal Reserve (Fed) raised the USD interest rate, the domestic exchange rate did not significantly fluctuate. However, when talking with VIR’s Thuy Lien, economist Dr Can Van Luc said that there may be some pressure on the USD exchange rate at the end of 2017.

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Real estate lending disguised as consumer lending

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Báo Đầu Tư English 2 month(s) ago

The increasing interest rates on house buying and housing repair loans at commercial banks raise worries about the liquidity of the Vietnamese economy.

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Consumer loans rise nearly 30% by end May

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Báo Đầu Tư English 2 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 2 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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VN banks struggle to keep interest rates steady

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Báo Đầu Tư English 2 month(s) ago

From mid-March, Sacombank has been offering certificates of deposit (CDs) denominated in dong to individuals and companies.

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Interest rates in inter-bank market drop for fifth week

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Báo Đầu Tư English 2 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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Interest rates remain stable: survey

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Báo Đầu Tư English 2 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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Banks remain backers of property market

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Báo Đầu Tư English 2 month(s) ago

The real estate market is recovering strongly and attracting huge sums of money from banks, foreign investors and overseas Vietnamese.

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No more cheap ODA loans for Vietnam come July

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Báo Tuổi Trẻ English 2 month(s) ago

Vietnam will not be able to borrow official development assistance (ODA) at preferential interest rates and terms come July, the Ministry of Finance confirmed on Wednesday.

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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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