Gov't vows full efforts for financial market stabilization

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SaiGon GP English 1 week(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 week(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 1 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 1 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 1 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 2 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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Ninh Binh province appeals to PM to save fertiliser plant

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Báo Đầu Tư English 2 month(s) ago

Ninh Binh province appeals to PM to save fertiliser plant

The Ninh Binh People’s Committee has proposed the Prime Minister a selection of plans to rescue Ninh Binh nitrogenous fertiliser plant, invested by Vietnam National Chemical Group (Vinachem), according to newswire Vneconomy.vn.

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Dollar strengthens as markets await Fed decision

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Báo Đầu Tư English 3 month(s) ago

Dollar strengthens as markets await Fed decision

NEW YORK: The dollar strengthened on currency exchange markets on Tuesday (Sep 13), as anticipation built for next week's meeting of US Federal Reserve policymakers to review interest rate policy.

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Banks raise deposit rates ahead of SBV rules

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Báo Dân Trí English 3 month(s) ago

Banks raise deposit rates ahead of SBV rules

Many commercial banks have recently raised their deposit interest rates in an attempt to satisfy new State Bank of Vietnam’s regulations that are due to take effect in 2017.

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Banking sector going strong despite anticipated softened rates

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

Banking sector going strong despite anticipated softened rates

Fair liquidation in the banking system has provided the foundation for stability, despite the negative impact of the softened interest rate throughout the rest of 2016.

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Doubts over 5% average lending interest rate target

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

Doubts over 5% average lending interest rate target

Banking experts have expressed a great deal of scepticism at the government's target to cut the average lending interest rate to some 5 per cent.

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Asia markets mostly fall but weak yen boosts Tokyo

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Báo Đầu Tư English 3 month(s) ago

Asia markets mostly fall but weak yen boosts Tokyo

HONG KONG: Tokyo stocks rallied Wednesday (Aug 31) as the yen fell further against the dollar on US interest rate talk but most other Asian markets struggled as investors were spooked by the prospect of higher borrowing costs in the world's top economy.

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First fisherman builds two steel ships worth VND 30bln

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SaiGon GP English 3 month(s) ago

Mr.Nguyen Van Hanh at Dinh An town, Tra Cu district in Tra Vinh province is the first fisherman in the province invested VND 30billion by the bank to build two steel fishing ships with an 800CV diesel engine for making deep sea fishing catch.

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Cutting interest rate is feasible in year end

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Báo điện tử CP English 4 month(s) ago 2 related news

Cutting interest rate is feasible in year end

VGP - Stable current liquidity in the banking system ensured money supply for the economy in 2016 and provides room for cutting interest rates in the rest of 2016, assessed a senior banking expert.

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VAMC speeds up NPLs settlement

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Báo điện tử CP English 4 month(s) ago 2 related news

VAMC speeds up NPLs settlement

VGP – As much as VND 59.7 trillion of non-performing loans were handled in the first half of 2016, according to the Viet Nam Asset Management Company (VAMC).

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