Fed's Yellen says 'nonpartisan' central bank close to goals

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Báo Đầu Tư English 16 hour(s) ago

WASHINGTON: The US central bank is close to achieving its inflation and employment goals, but any policy moves will depend on how the economy evolves, Federal Reserve Chair Janet Yellen said on Wednesday (Jan 18).

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PM decides 5 percent loan interest rate for social houses

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SaiGon GP English 6 day(s) ago

The Prime Minister has decided to set preferential loan interest rate at 5 percent for purchase, rent or hire-purchase of social houses and residentiaal home rebuilding or repair.

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Housing stimulus package interest rate remains at 5%

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Báo Đầu Tư English 2 week(s) ago

The State Bank of Viet Nam (SBV) will keep the interest rate of the VND30 trillion (US$1.32 billion) preferential credit package for low-income homebuyers at 5 per cent in 2017.

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SBV pumps in capital to control interest rate heat

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Báo Dân Trí English 3 week(s) ago

The State Bank of Vietnam (SBV) has ceased issuing treasury bills and begun pumping capital totaling VND22 trillion ($966.46 million) into the market via open market operations (OMO) in the last three weeks.

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Banks increase dong interest rate to lure depositors

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Báo Đầu Tư English 3 week(s) ago

A number of commercial banks have increased their Vietnamese dong deposit interest rates by 0.2-0.4 per cent per year to attract depositors at year-end.

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European stock markets cling to Fed-sparked gains

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Báo Đầu Tư English 1 month(s) ago

LONDON: Global stock markets were quietly upbeat on Friday (Dec 16) with investors content to consolidate massive gains sparked by the US Federal Reserve's interest rate outlook as they headed into the weekend.

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Fed rate hike could pressure exchange rate

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Báo Đầu Tư English 1 month(s) ago

In a long anticipated move, the US Federal Reserve decided Wednesday to raise the benchmark interest rate by a quarter percentage point to 0.5 per cent, marking the first hike since December 2015 and only the second in a decade.

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Fed lifts rates, sees faster pace of hikes in Trump's first year

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Báo Tuổi Trẻ English 1 month(s) ago

The U.S. Federal Reserve raised interest rates on Wednesday and signaled a faster pace of increases in 2017 as central bankers adapted to the incoming Trump administration's promises of tax cuts, spending and deregulation.

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Oil prices surge as non-OPEC producers agree on caps

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Báo Đầu Tư English 1 month(s) ago

LONDON: World oil prices jumped on Monday (Dec 12) after non-OPEC producers struck a deal to cut output, while Europe's main stock markets were subdued before a key Fed meeting this week.

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Gov't vows full efforts for financial market stabilization

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SaiGon GP English 1 month(s) ago

South Korea will take "resolute" steps to help stabilize the financial market, if needed, amid clear indications of interest rate hikes, the nation's top regulator said Monday, source from the Yonhap.

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Consumption loans jump in HCM City

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Báo Đầu Tư English 1 month(s) ago

Consumer credit in HCM City has grown by an average of 20 per cent per year during 2012-2015, according to the State Bank of Viet Nam.

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How to line up loans with civil law

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Báo Đầu Tư English 2 month(s) ago

Civil Code No 33/2005/QH11 ("2005 Civil Code") will be replaced by Civil Code No 91/2015/QH13 ("2015 Civil Code") January 1, 2017. Essentially, civil laws respect the freedom of contract of the parties, but the parties must comply with general regulations of the law. Accordingly, even if loans are non-regular activities for certain enterprises, they may bring about more legal and commercial risks.

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Vietnam spends $1 billion on paying ODA loans annually

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SaiGon GP English 3 month(s) ago

Vietnam spends about US$1 billion of yearly budget estimates to pay official development assistance (ODA) loans including original debt and interest, said Mr. Hoang Hai, deputy head of the Debt Management and External Finance Department under the Ministry of Finance yesterday.

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Foreign investors withdraw capital from Malaysia

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SaiGon GP English 3 month(s) ago

The Government of Malaysia’s bonds owned by foreign investors, which shrank last September, may have another drop when withdrawals continue, Malaysia’s The Star newspaper reported on October 14.

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104 businesses get extra of $1.47 billion low interest loans in HCMC

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SaiGon GP English 3 month(s) ago

Twenty one branches of Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) signed credit contracts to loan 104 businesses VND32.872 trillion (US$1.47 billion) at the low interest rate of 6-8 percent a year this morning in HCMC.

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