NFSC report hints at further rate cuts for H2

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VietNam News English 3 week(s) ago

Credit institutions could further cut interests on deposits and borrowing costs on falling provisional inflation rates in the latter part of this year, a financial report has suggested.

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Bad debts of unprofitable SOEs’ burden government

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VietnamNet English 2 month(s) ago

Bad debts of unprofitable SOEs’ burden government

VietNamNet Bridge – A growing number of economists have expressed serious concerns about the state of Vietnam’s public debt. Their biggest worry: the rapid growth of government-guaranteed debt, now increasing at a 50 percent annual rate.

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BUSINESS IN BRIEF 20/6

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VietnamNet English 2 month(s) ago

Banks move to decrease borrowing costs again

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Banks move to decrease borrowing costs again

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VietNam News English 2 month(s) ago 2 duplicate news

Banks move to decrease borrowing costs again

Some commercial banks have cut deposit interest rates by 0.2-0.5 percentage points in the past 10 days to reduce input capital costs and further lower borrowing costs.

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Credit growth hits 1.31 percent in five months

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VietnamPlus English 3 month(s) ago 1 related news

Credit growth of Vietnam's banking system reached 1.31 percent from January to May 23.

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Credit growth hits 1.31%, raises doubts

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VietNam News English 3 month(s) ago 1 duplicate news 1 related news

Credit growth of Viet Nam's banking system reached 1.31 per cent from January to May 23, which is creating doubts about the feasibility of 12-14 per cent credit growth by the year-end.

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Foreign sources needed to settle bank debts: economists

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VietnamNet English 3 month(s) ago

VietNamNet Bridge – Economists have urged banks to look to foreign sources to settle their bad debts as Vietnam Asset Management Company (VAMC) has limited funds and can issue special bonds only.

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Dedicated headmaster in poor central highlands commune

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Báo Dân Trí English 3 month(s) ago

Dedicated headmaster in poor central highlands commune

A headmaster in a remote district of the Central Highlands Province of Gia Lai has won the respect of the local community for for personally borrowing hundreds of millions of VND to build a school.

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Unreported, official foreign debts raising fears

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VietnamNet English 3 month(s) ago

Unreported, official foreign debts raising fears

VietNamNet Bridge – No one knows how big the “underground”, or unregistered foreign debt is, while the official foreign debt has been found to be increasing steadily.

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Vietnam changes posture on public debts

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VietnamNet English 3 month(s) ago

Vietnam changes posture on public debts

VietNamNet Bridge – Repeatedly affirming that its public debt is still within safe bounds, the government has till now never displayed any worries when presenting reports about the matter before the National Assembly. But the latest report is different.

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Private schools unable to borrow from HCMC credit package

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SaiGon GP English 4 month(s) ago

Private schools unable to borrow from HCMC credit package

Though the Ho Chi Minh City People’s Committee promised loans at preferential interest rates under a stimulus package for investment in schools, private investors find it hard to borrow.

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Philippines to order banks to undergo property stress test

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Báo Thanh Niên English 4 month(s) ago

Philippines to order banks to undergo property stress test

Construction workers labor on a building site in the district of Fort Bonifacio in Manila. Bangko Sentral ng Pilipinas is set to introduce a residential property-price index in the first half of the year as record-low borrowing costs spur demand for homes and offices.

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Japanese SMEs seek loans from Vietnamese banks

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VietnamNet English 4 month(s) ago

VietNamNet Bridge – Analysts have noted a growing trend of Japanese small and medium enterprises (SMEs) in Vietnam borrowing money from Vietnamese banks, rather than receiving capital from holding companies or borrowing from home banks.

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Foreign debts remain in the “dark area”

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VietnamNet English 4 month(s) ago

Foreign debts remain in the “dark area”

VietNamNet Bridge – How much do private, foreign-invested, and state-owned businesses and credit institutions owe to foreign lenders?

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HCM City wants to borrow $1.5 billion for transportation and flood prevention

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VietnamNet English 4 month(s) ago

HCM City wants to borrow $1.5 billion for transportation and flood prevention

VietNamNet Bridge - To have enough capital to invest in traffic works and to prevent flooding in the next three years, Ho Chi Minh City has proposed borrowing $1.5 billion of soft loans from the World Bank (WB).

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