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

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Báo Đầu Tư English 1 day(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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Dollar gives up gains as eyes turn to Fed's Yellen

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Báo Đầu Tư English 1 day(s) ago

HONG KONG: The dollar swung in Asian trade on Tuesday (Jun 27) after a top Federal Reserve official indicated it would raise interest rates further this year, while traders await a speech from Fed boss Janet Yellen.

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Local banks recovering from a long slump

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Báo Đầu Tư English 3 day(s) ago

Since the beginning of this year the shares of many banks have appreciated significantly, with the increases ranging from 8 per cent to even 80 per cent.

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Expert warns over possible increase in USD exchange rate

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Báo Đầu Tư English 6 day(s) ago

After the Federal Reserve (Fed) raised the USD interest rate, the domestic exchange rate did not significantly fluctuate. However, when talking with VIR’s Thuy Lien, economist Dr Can Van Luc said that there may be some pressure on the USD exchange rate at the end of 2017.

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SBV looks to up foreign reserves

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Báo Đầu Tư English 6 day(s) ago

The State Bank of Viet Nam’s transaction centre this week raised the reference buying rate for the US dollar by VND50 to VND22,725, revealing its intention to expand foreign reserves.

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HCM City remittances worth $2.1 billion in H1

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Báo Đầu Tư English 6 day(s) ago

Remittances to HCM City in the first six months of the year were worth US$2.1 billion, marginally up from the same period last year, according to the State Bank of Viet Nam’s HCM City branch.

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No other club offer for Ronaldo, says Real Madrid boss

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Báo Đầu Tư English 1 week(s) ago

MADRID: There has been no interest from any club in Real Madrid's star player Cristiano Ronaldo, who has threatened to leave Spain after running into problems with tax authorities, according to club president Florentino Perez.

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SE Asia Stocks-Rise as risk sentiment improves; Vietnam hits 9-yr high

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Báo Tuổi Trẻ English 1 week(s) ago

Most Southeast Asian stock markets ended higher on Monday on improved risk sentiment as investors looked past the U.S. Federal Reserve's decision last week to raise interest rates, with Vietnam hitting at a fresh nine-year closing high.

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Experts call to raise USD deposit rate

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Báo Đầu Tư English 1 week(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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Hong Kong eyes $2bn entertainment project in VN

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Báo Đầu Tư English 1 week(s) ago

Chairman of Hong Kong’s Summerfield Company Limited, Francois Da Pan Shih, expressed his interest in investing in the US$2 billion Happy Land entertainment complex in the Mekong Delta province of Long An.

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Exchange rates stable despite Fed rate hikes

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Báo Đầu Tư English 1 week(s) ago

The VND/USD exchange rates saw little changes this morning although the US Federal Reserve (Fed) raised interest rates on Wednesday on the confidence in a growing economy and strengthening job market in the world’s biggest economy.

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Real estate lending disguised as consumer lending

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Báo Đầu Tư English 1 week(s) ago

The increasing interest rates on house buying and housing repair loans at commercial banks raise worries about the liquidity of the Vietnamese economy.

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Interest rates rising, banks stablising

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Báo Đầu Tư English 2 week(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 2 week(s) ago

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

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Interest rates in inter-bank market drop for fifth week

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Báo Đầu Tư English 2 week(s) ago

Liquidity in the banking system has been positive as interest rates in the inter-bank market dropped for the fifth consecutive week.

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