VND9 trillion of soft loans for realty companies

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VietnamNet English 11 hour(s) ago 1 related news

VND9 trillion of soft loans for realty companies

VietNamNet Bridge – The State Bank of Vietnam has issued a circular on providing low-interest loans to support the housing segment in line with Resolution 02/NQ-CP, under which as much as 30% or VND9 trillion of a credit line of VND30 trillion will be set aside for local property companies at an annual rate of 6%.

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Coffee to get preferential credit loans

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Báo Dân Trí English 15 hour(s) ago 1 related news

Coffee to get preferential credit loans

The coffee industry would receive preferential credit loans of VND8-10 trillion (US$380.95-476.19 million) from now until 2016 to implement a programme to recultivate old coffee crops, said Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh.

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Package looks to provide silver bullet

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Báo Đầu Tư English 17 hour(s) ago 1 related news

Package looks to provide silver bullet

A long-awaited VND30 trillion ($1.44 billion) credit package was last week rolled out to act as a silver bullet to unlock the stagnant property market.

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How much is VAMC’s bond?

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VietnamNet English 2 day(s) ago

How much is VAMC’s bond?

VietNamNet Bridge – The Vietnam Asset Management Company (VAMC), a powerful legal entity established to restructure the bad debts, would issue bonds to deal with the debts. What analysts are most interested in now is how much the bond and how high the interest rates will be.

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Central bank continues to lower deposit rate cap

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

Central bank continues to lower deposit rate cap

The State Bank of Vietnam announced Tuesday that the ceiling rate for deposits of a term under 12 months will be lowered by 0.5 percentage points as of Wednesday, March 27.

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Central bank dispels forex rate adjustment rumor

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Báo Tuổi Trẻ English 3 day(s) ago

Central bank dispels forex rate adjustment rumor

The State bank of Vietnam on Friday announced that there is no plan in adjusting the foreign exchange rates at the moment, following a wave to increase the US dollar selling prices from local banks.

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State Bank package fires property market

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VietNam News English 3 day(s) ago 1 related news

Property developers are beginning to sell apartments in anticipation of the State Bank's credit package of VND30,000 billion (US$1.5 billion) for builders, the Sai Gon Giai Phong ( Liberated Saigon) newspaper reported.

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Gov’t should have fewer duties, say experts

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VietnamNet English 3 day(s) ago

Gov’t should have fewer duties, say experts

VietNamNet Bridge – The Government needs to adjust many of its roles and functions if wanting to achieve a healthier socioeconomic development, experts recommended at a conference held in Hanoi on Thursday.

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Finance companies offer loans at sky high interest rates

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VietnamNet English 4 day(s) ago

Finance companies offer loans at sky high interest rates

VietNamNet Bridge – A lot of people have fallen into a trap set by finance companies. Promising simple administrative procedures, but the companies overcharge borrowers with exorbitant interest rtes.

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Views differ over financial supervision role

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SaigonTimes English 4 day(s) ago

HANOI – The national financial system is in trouble but an upgrade of the National Financial Supervisory Commission (NFSC) intended to cope with this is deadlocked.

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Lending over 4 months up 2.1%

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VietNam News English 4 day(s) ago 2 duplicate news

Lending over 4 months up 2.1%

The outstanding loans given by commercial banks have increased 2.11 per cent since December, according to the State Bank of Viet Nam (SBV).

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Gold owners concerned as new restrictions loom large

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Báo Tuổi Trẻ English 3 month(s) ago 3 related news

Gold owners concerned as new restrictions loom large

Owners of small amounts of gold bullion are concerned as the market may soon only accept amounts of 1 tael (37.5 grams), according to a draft decree recently released by the State Bank of Vietnam.

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VND9 trillion of soft loans for realty companies

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SaigonTimes English 4 day(s) ago

VND9 trillion of soft loans for realty companies

HCMC – The State Bank of Vietnam has issued a circular on providing low-interest loans to support the housing segment in line with Resolution 02/NQ-CP, under which as much as 30% or VND9 trillion of a credit line of VND30 trillion will be set aside for local property companies at an annual rate of 6%.

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Jan-Apr credit growth put at 2.11%

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SaigonTimes English 4 day(s) ago

HCMC – By the end of April, outstanding loans had picked up 2.11% against end-2012, while bank deposits had increased 5.2%, said the State Bank of Vietnam (SBV).

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SBV to intervene in a weak bank

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SaigonTimes English 4 day(s) ago

HCMC – The State Bank of Vietnam (SBV) has presented to the Government eight solutions to restructure nine ailing banks, saying that it may take compulsory intervention in a bank in this group.

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