Students borrow high-rate loans from illegal lenders

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VietnamNet English 2 day(s) ago

Students borrow high-rate loans from illegal lenders

VietNamNet Bridge – Students borrowing money with high interest rates from illegal lenders who provide easy loan procedures may face complicated consequences.

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Interbank market rates remain high

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Báo Đầu Tư English 1 week(s) ago

Interbank market rates remain high

Interbank market rates rose steeply from November to December 2015. They reached a two-year peak at five per cent per annum, and remained high till the end of the year at rates that were the same as the borrowing cost of reverse repos via open market operations.

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Banks adjust up short-term deposit rates ahead of Tet

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VOV News English 1 month(s) ago

Banks adjust up short-term deposit rates ahead of Tet

A number of banks are joining a race to hike interest rates for short-term deposits in Vietnam dong by 20 to 80 basis points, coupled with promotion programs, to mobilize more capital for higher lending demand ahead of the Lunar New Year holiday (Tet).

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Students can borrow VND1.25 mil per month for studies

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SaiGon GP English 1 month(s) ago

Starting on January 9, 2016, students are eligible for borrowing VND 1.25 million (US$56.4) per month per student as per the Prime Minister’s decision.

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Lending in foreign currency regulations

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Báo Đầu Tư English 1 month(s) ago

Lending in foreign currency regulations

The State Bank of Vietnam (SBV) has issued Circular No. 24/2015/TT-NHNN on providing foreign currency loans by credit institutions and foreign bank branches to residents. The Circular applies to credit institutions and foreign bank branches allowed to conduct foreign-exchange activities and lending in foreign currency ("Lender"), and residents borrowing from Lenders ("Borrower").

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HCM City faces shortage of $2b for infrastructure

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VietnamNet English 1 month(s) ago 2 related news

HCM City faces shortage of $2b for infrastructure

HCM City faces a deficit of around VND42 trillion (US$2 billion) in infrastructure funding over the next five years, the head of a State financial firm has said.

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HCM City court sentences nine in Agribank financial loss case

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

HCM City court sentences nine in Agribank financial loss case

The Ho Chi Minh City People’s Court on December 21 handed down sentences to nine defendants related to a financial loss case at a branch of the State-owned Bank for Agriculture and Rural Development (Agribank).

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Kingdom unfazed by Fed rate hike

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VietStock FI English 2 month(s) ago

Kingdom unfazed by Fed rate hike

A day after the US Federal Reserve increased interest rates, which can potentially impact incoming investments and make debt more costly, experts say the Kingdom’s strong underlying growth will help maintain investments flows and leave the country largely unaffected.

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Agribank Branch 7 financial loss case put on trial

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VOV News English 2 month(s) ago 1 duplicate news

Agribank Branch 7 financial loss case put on trial

The People’s Court of Ho Chi Minh City on December 16 opened a trial for violators of regulations on lending in credit organisations’ activity and fraudulence at the branch 7 of the Vietnam Bank for Agriculture and Rural Development (Agribank Branch 7).

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Vietnam rules out interest rate cuts despite record-low inflation

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Báo Thanh Niên English 2 month(s) ago

Vietnam rules out interest rate cuts despite record-low inflation

The State Bank of Vietnam said it will not lower interest rates any time soon even though inflation has been slowing down.

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China has a $1.2 trillion Ponzi finance problem

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Báo Thanh Niên English 3 month(s) ago

China has a $1.2 trillion Ponzi finance problem

Chinese borrowers are taking on record amounts of debt to repay interest on their existing obligations, raising the risk of defaults and adding pressure on policy makers to keep financing costs low.

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Cambodia at low risk of debt distress: IMF

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VietStock FI English 3 month(s) ago

Cambodia's external public debt is well within acceptable limits, but remains vulnerable to financial shocks such as export slowdowns or exchange rate fluctuations, the International Monetary Fund (IMF) said in its latest assessment of the Kingdom’s economy.

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Investment lifts quality at Vietnamese public hospitals

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VOV News English 3 month(s) ago

Investment lifts quality at Vietnamese public hospitals

By utilising their budgets and borrowing funds, many hospitals improved their quality and raised confidence in domestic hospitals.

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Exchange rate volatility drives down third quarter earnings

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VOV News English 3 month(s) ago

Exchange rate volatility drives down third quarter earnings

Vietnam's foreign exchange rates fluctuated greatly in the third quarter, influenced by global currency volatility resulting in a negative impact on earnings of many listed companies.

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Int’l bond issue for debt settlement urgent

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VietnamNet English 3 month(s) ago 1 related news

Int’l bond issue for debt settlement urgent

VietNamNet Bridge – The Government is seeking approval from the National Assembly (NA) for a plan to issue US$3 billion in sovereign bonds on international capital markets to raise money for settling mature bonds on the domestic market in 2015-2016.

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