Lenders fail to jumpstart sluggish borrowing in August

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VietNam News English 4 day(s) ago

Vietnamese banks are likely to promote lending programmes that hopefully will help them to either unleash idle capital or boost the sluggish credit growth toward the end of the year.

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Consumers take advantage of borrowing consultancy

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VietNam News English 5 day(s) ago

More than 5,500 people in six provinces in the central and Mekong Delta regions have benefited from a programme by finance company Home Credit that offers consultancy on the legal aspects of consumer borrowing.

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VN issues rules for securities lending

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VietNam News English 6 day(s) ago

The Viet Nam Securities Depository (VSD) recently announced the list of securities to be used as collateral to implement securities lending regulations in its Decision No 111/QD-VSD.

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Over 17,000 foreign investors get stock trading codes

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Báo điện tử CP English 1 week(s) ago

VP – As of August 31, the Viet Nam Securities Depository (VSD) granted stock trading codes to 17,291 foreign investors including 2,481 organizations and 14,810 individuals.

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NFSC report hints at further rate cuts for H2

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VietNam News English 1 month(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 3 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 3 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 4 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 4 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 4 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 4 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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