Bad debt situation worsens, but more slowly: Cbank

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Báo Tuổi Trẻ English 6 month(s) ago 1 related news

Bad debt situation worsens, but more slowly: Cbank

Though the total bad debt of the local banking system has risen to 8.8-10 percent from 3.05 percent of total outstanding loans at the end of 2011, the growth has slowed since June, said the central bank.

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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 2 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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Lending over 4 months up 2.1%

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VietNam News English 3 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 3 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 3 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 3 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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Japan economy grows again, points to recovery

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VietnamNet English 4 day(s) ago

Japan economy grows again, points to recovery

Japan said on Thursday that its economy grew again in the quarter to March, pointing to a recovery as Tokyo and its hand-picked central bank team set about stoking the world's third-largest economy.

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Asset management body to be set up in bid to tackle debt

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VietNam News English 4 day(s) ago

The Viet Nam Asset Management Company (VAMC) will be established later this month, said member of the National Financial and Monetary Policy Advisory Council Le Xuan Nghia.

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Spain: Trapped in long-term joblessness

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Nhân dân English 6 day(s) ago

Spain: Trapped in long-term joblessness

Nhan Dan – Spain’s central bank reported on May 10 that nearly 40,000 homes were foreclosed by banks and other credit institutions in 2012 as the continuing long-term unemployment causes more and more homeowners to slide down the economic ladder.

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Central bank cuts key interest rates

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VietnamPlus English 7 day(s) ago 1 duplicate news

The State Bank of Vietnam has cut key interest rates by 1 percent, applicable since May 13.

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Solving all financial issues impossible: SBV

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SaigonTimes English 1 week(s) ago 2 related news

HCMC – A State Bank of Vietnam (SBV) leader said on Thursday that it is impossible to stabilize the gold market, avoid impacts on foreign reserves and stabilize the exchange rate at the same time.

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Import-export companies seeking to force dollar interest rates down

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VietnamNet English 1 week(s) ago 1 related news

Import-export companies seeking to force dollar interest rates down

VietNamNet Bridge – Importers and exporters have urged the State Bank of Vietnam to slash the dollar interest rates further to 5 percent per annum. A senior executive of the central bank once promised to find the way to force the rates to 4-5 percent.

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Justice Ministry rules on exclusive gold bar production

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Báo Đầu Tư English 1 week(s) ago 2 related news

Justice Ministry rules on exclusive gold bar production

The Ministry of Justice has replied to inquiries from National Assembly deputies, clarifying the position on the State monopoly of gold bar production.

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