Dong/dollar exchange rate to cool down in July

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VietnamNet English 2 day(s) ago 1 related news

Dong/dollar exchange rate to cool down in July

VietNamNet Bridge – The dollar price has been increasing these days because of the slight demand increase. However, the dong/dollar exchange rate is believed to get stabilized by early July 2013.

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JBA’s eased monetary concern

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Báo Đầu Tư English 1 week(s) ago

JBA’s eased monetary concern

Japanese companies in Vietnam have warned the government’s loosened monetary policy could result in the return of high inflation and exchange rate tension.

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BUSINESS IN BRIEF 9/6

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VietnamNet English 1 week(s) ago 1 related news

Delta urged to stockpile rice to keep price stable

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City banks rethink rate cuts as deposits decline

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VietNam News English 1 week(s) ago

Money flow into several banks in HCM City has reduced significantly, prompting them to reconsider plans to reduce deposit interest rates so as to keep their customers, industry observers say.

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Legal capital threshold for labour subleasing

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VietNam News English 2 week(s) ago

On May 23, the Government issued Decree 55/2013/ND-CP for the implementation of Clause 3 Article 54 of the Labour Code regarding the labour subleasing, escrow deposit and a list of jobs for which labour may be subleased.

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Banks denounced of pocketing big money by charging high interest rates

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VietnamNet English 3 week(s) ago

Banks denounced of pocketing big money by charging high interest rates

VietNamNet Bridge – Some economists say commercial banks now make “super profit” when keeping the input and output interest rate margin at six percent. Meanwhile, banks have denied this.

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Jan-May credit growth put at 2.29%

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SaigonTimes English 3 week(s) ago

HCMC – Vietnamese banks as of May 22 had recorded credit growth of 2.29% compared to the end of last year, according to the central bank’s Monetary Policy Department.

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SBV overhasty in loosening monetary policy?

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VietnamNet English 3 week(s) ago

SBV overhasty in loosening monetary policy?

VietNamNet Bridge – The State Bank of Vietnam (SBV) has been warned against the hastiness in regulating the money policy. Vietnam would have to pay a heavy price for the decision to slash interest rates at unreasonable moments.

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Central bank continues to lower deposit rate cap

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Báo Tuổi Trẻ English 3 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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Interest rates unlikely to drop further

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VOV News English 1 month(s) ago 1 related news

Interest rates unlikely to drop further

(VOV) - Interest rates may not be lowered for fear that local consumers will stop depositing their money in banks.

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Lower interest rate hoped to encourage spending

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VietNam News English 1 month(s) ago

The lower deposit interest rate is expected to boost investments in the stock market, but the fact that billions of dong are sitting idly in investors' accounts tells a different story.

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Major banks decide to reduce deposit interest rates

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

Several banks have decided to lower their deposit interest rates though the State Bank of Viet Nam (SBV) has kept its cap unchanged at 7.5 per cent.

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Banks’ striking mobilisation move

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Báo Đầu Tư English 1 month(s) ago 3 related news

Banks’ striking mobilisation move

Banking Research Institute deputy chief Dr. Nguyen Duc Trung is weighing up the interest rate situation after several state banks moved to lower mobilising rates in the past week.

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Deposit interest rates go down, where the money goes to then?

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VietnamNet English 1 month(s) ago 3 related news

Deposit interest rates go down, where the money goes to then?

VietNamNet Bridge – Since commercial banks have lowered the interest rates, depositing has become less attractive in the eyes of investors. They may withdraw money from banks to put into production and business projects, or invest in securities as the stock index is on the rise.

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State Bank cuts interest rate

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Báo Đầu Tư English 1 month(s) ago 3 related news

State Bank cuts interest rate

The State Bank last week announced a 1 per cent cut on base interest rates to promote economic growth—the eighth reduction since the beginning of 2012.

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