Vietnam signals rate pause as bank revamp nears

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Báo Thanh Niên English 4 day(s) ago

Vietnam signals rate pause as bank revamp nears

Vietnam will find it “difficult” to cut interest rates further this year, central bank Deputy Governor Nguyen Dong Tien said, as the nation moves to create an asset company that would clean up bad debt and revive growth.

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Rice stockpile policy harvests all-round gains

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VietnamNet English 5 hour(s) ago 4 related news

Rice stockpile policy harvests all-round gains

VietNamNet Bridge – The Government purchased one million tonnes of winter-spring rice from February 20 to May 20 for temporary stockpiling in the Mekong Delta. The Government also covered 100 per cent interest rate on loans for businesses to buy rice for a three-month term.

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Vietnamese inflation lowest in eight months

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Báo Thanh Niên English 2 day(s) ago

Vietnamese inflation lowest in eight months

This file photo shows a vendor sitting next to baskets of oranges at a roadside market in Hanoi. Photo: AFP

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IMF's Lagarde escapes formal investigation in court

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SaiGon GP English 5 hour(s) ago 2 related news

IMF's Lagarde escapes formal investigation in court

French magistrates decided on Friday not to place IMF chief Christine Lagarde under formal investigation over her role in a 285-million-euro ($368.5 million) arbitration payment made to a supporter of former president Nicolas Sarkozy.

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City chairman calls for support for wood processing companies

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SaiGon GP English 6 hour(s) ago

City chairman calls for support for wood processing companies

At a meeting with the Handicrafts and Wood Industry Association (HAWA) on May 24, Le Hoang Quan, chairman of the People’s Committee of Ho Chi Minh City, instructed relevant departments to provide wood processing companies with preferential interest rates.

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Vietnamese inflation lowest in eight months

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Báo Tuổi Trẻ English 8 hour(s) ago

Vietnamese inflation lowest in eight months

Vietnamese inflation slowed to its weakest pace in eight months in May, official data showed Friday, in the latest sign that the economy is cooling.

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SBV overhasty in loosening monetary policy?

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VietnamNet English 1 day(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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State Audit reveals wrongdoings in the banking system

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Báo Dân Trí English 2 day(s) ago 1 duplicate news

State Audit reveals wrongdoings in the banking system

A report from the State Audit of Vietnam has disclosed various wrongdoings of the banking system last year, including interest rates in the interbank market that were higher than those of the black market.

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Liverpool won't sell Suarez, says Rodgers

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Báo Đầu Tư English 2 day(s) ago

Liverpool won't sell Suarez, says Rodgers

Liverpool manager Brendan Rodgers says controversial striker Luis Suarez will not be sold, as the Merseyside club target Champions League qualification next season.

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Man who murdered for $1.92 gets 20 years

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Báo Tuổi Trẻ English 2 day(s) ago

Man who murdered for $1.92 gets 20 years

The Ho Chi Minh City People’s Court sentenced a local man to 20 years in prison for instigating the killing of another man in 2011 over US$1.92 in loan interest.

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State Audit reports on central bank’s 2011 performance

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VietnamPlus English 2 day(s) ago

The State Bank of Vietnam has adhered to the Government's instructions in 2011 to implementing a tight monetary policy, adjusting interest rates in line with market signals and keeping exchange rates stable.

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Trillions of dong worth of capital left unused, wasted

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VietnamNet English 3 day(s) ago

Trillions of dong worth of capital left unused, wasted

VietNamNet Bridge – Commercial banks have reported they have hundreds of trillions of dong left in their coffers. Tens of trillions of dong have been kept at securities accounts. Many enterprises suffer a headache because they have nowhere to invest in.

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Bernanke warns against premature policy tightening

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Báo Tuổi Trẻ English 3 day(s) ago

Bernanke warns against premature policy tightening

US Federal Reserve Chairman Ben Bernanke acknowledged the risks of the Fed's low interest-rate policy Wednesday but warned that tightening policy now could stall the US recovery.

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Treasury mobilises 5 trillion VND from Gov’t bonds

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VietnamPlus English 3 day(s) ago

A new issue of Government bonds worth 5 trillion VND sold out at an auction organised by the Hanoi Stock Exchange (HNX) on May 21.

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A step towards bad debt settlement

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VOV News English 3 day(s) ago 1 related news

(VOV) - The Prime Minister has decided to establish the Vietnam Asset Management Company (VAMC) in an effort to settle bad debts that are hampering banking and business operations.

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