’Business as usual’ won’t drive growth: official

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Báo Đầu Tư English 3 month(s) ago

Key advantages that have driven national growth will not last much longer, and policy breakthroughs are needed to unleash the nation’s ‘inner potential,’ a senior Party official said yesterday.

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Gov’t raises depositors’ insurance compensation to VNĐ75 million

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Báo Đầu Tư English 3 month(s) ago

The maximum insurance payable to a depositor for all deposits in an insured organisation will be raised to VNĐ75 million (US$3,289) from VNĐ50 million with effect from August 5.

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Experts call to raise USD deposit rate

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Báo Đầu Tư English 3 month(s) ago

The policy of zero interest rate on USD deposits is showing some shortcomings and the State Bank of Vietnam (SBV) may need to increase it, especially in light of certain pressures on the VND/USD exchange rate.

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Moody's downgrades Sacombank

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Báo Đầu Tư English 3 month(s) ago

Ho Chi Minh City-based Sacombank’s long-term deposit and issuer ratings have been downgraded to Caa1 from B3 by Moody’s Investors Service. Its ratings outlook remains negative.

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Interest rates rising, banks stablising

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Báo Đầu Tư English 3 month(s) ago

A number of commercial banks have been increasing promotional rates for long-term deposits by 0.1 to 0.2 per cent per annum, along with issuing additional certificates of deposit, in an attempt to safely restructure their reserves, said Vuong Duy Lam of the National Institute for Vietnam Finance under the Ministry of Finance.

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VN banks struggle to keep interest rates steady

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Báo Đầu Tư English 3 month(s) ago

From mid-March, Sacombank has been offering certificates of deposit (CDs) denominated in dong to individuals and companies.

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Short-term deposit rates forecast to reduce in 2017

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Báo Đầu Tư English 4 month(s) ago

The market research company Market Intello forecast that the average interest rate this year would reduce by 0.5 percentage points compared with 2016.

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Secret weapons in exchange rate operations

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Báo Đầu Tư English 5 month(s) ago

The secret and most important weapons for the State Bank of Vietnam (SBV) to operate the exchange rate are the foreign currency trading volumes and the daily average exchange rate.

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Moody’s affirms ratings of eight Vietnamese banks

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Báo Đầu Tư English 5 month(s) ago

Moody’s Investors Service on May 3 affirmed the long-term and short-term deposit and, where applicable, issuer and senior debt ratings of eight banks in Vietnam (B1 positive), as well as revised the outlooks for the local currency deposit and local and foreign currency issuer ratings of these institutions to positive from stable.

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“Love deposit” of the Churu

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Báo Dân Trí English 5 month(s) ago

The Central Highlands region attracts tourists for its magnificent forests and mountains and the unique culture of ethnic groups.

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Moody's changes outlook on Vietnam's ratings to positive

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Báo Tuổi Trẻ English 5 month(s) ago 1 related news

Moody's said on Friday it has affirmed the Vietnamese government's B1 issuer and senior unsecured debt ratings and revised the outlook to positive from stable.

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Moody’s revises Vietnam outlook as “positive”

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Báo Đầu Tư English 5 month(s) ago 1 related news

Today, Moody’s Investors Service has reaffirmed the Vietnamese government’s B1 issuer and senior unsecured ratings and revised the outlook to “positive” from “stable,” lauding its strong performance in foreign direct investment (FDI) attraction, macroeconomic and external stability, as well as recognising the likelihood that government debt will be stabilised at around current levels.

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Bankrupt creditors may be aided to refund customers

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Báo Đầu Tư English 5 month(s) ago

To-be-bankrupt financial and credit institutions may have to refund their individual customers using support loans from the State Bank of Viet Nam (SBV) and other financial firms.

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Automation war breaks out among young banks

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Báo Đầu Tư English 5 month(s) ago

Young commercial banks in Vietnam have geared up to automate retail banking services in order to compete with older banks.

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VIB plans dividend and bonus share at 44.6 per cent, to issue bonus shares for its employees

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Báo Đầu Tư English 5 month(s) ago 1 related news

On April 12, Vietnam International Bank (VIB) published materials for its general shareholders meeting (GSM), which is scheduled to take place on April 27 in Hanoi.

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