Gov't urged to provide credit fund support

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VietNam News English 6 hour(s) ago

Gov't urged to provide credit fund support

The Government should enable people's credit funds to offer cheap credit services so that they can compete with commercial banks and develop sustainably, a conference heard on Thursday.

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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 1 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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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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Vietnam’s inflation beats all regional nations

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SaigonTimes English 3 day(s) ago

HANOI – Inflation in Vietnam has always been higher than in any other nation in the region since the country carried out renovation, says a research project published on Tuesday.

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Vietnam unlikely to meet 5.5% GDP growth target

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Báo Dân Trí English 5 day(s) ago 1 related news

Vietnam unlikely to meet 5.5% GDP growth target

The government's report on May 20 has shown that it will be very difficult to achieve a 5.5% GDP growth rate in 2013 amid the current challenges.

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Banks warned about risks of lending to large-scale enterprises

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Hanoi Times English 4 day(s) ago 1 related news

The Hanoitimes - While banks often hunt for or prioritise large-scale businesses for lending, o­ne expert said they should be more careful to prevent possible risks.

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Bank scotches currency rumours

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VietnamNet English 4 day(s) ago

Bank scotches currency rumours

VietNamNet Bridge – The State Bank of Viet Nam denied speculation last week that it was preparing to adjust the exchange rate.

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Lending rates remain stubborn

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Báo Đầu Tư English 4 day(s) ago

Lending rates remain stubborn

Joint stock banks’ lending rates have yet to be relaxed a week after the State Bank’s base interest rate cut.

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VN economy facing myriad difficulties: report

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Báo Tuổi Trẻ English 4 day(s) ago

VN economy facing myriad difficulties: report

The Vietnamese economy is still facing a myriad of challenges, ranging from the large amount of nonperforming debts to the rising number of bankrupt businesses, the government and the Committee of Economic Affairs reported at the National Assembly’s fifth session on Monday.

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Banks warned about risks of lending to large-scale enterprises

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Báo Dân Trí English 4 day(s) ago 1 related news

Banks warned about risks of lending to large-scale enterprises

While banks often hunt for or prioritise large-scale businesses for lending, one expert said they should be more careful to prevent possible risks.

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Mortgage loan for social housing touches 6%

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Hanoi Times English 4 day(s) ago

The Hanoitimes - The State Bank of Viet Nam and the Ministry of Construction issued Circular 11 announcing an annual interest rate of 6% for loans used to purchase social houses.

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Vietnam unlikely to meet 5.5% GPD growth target

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Báo Dân Trí English 5 day(s) ago 1 related news

Vietnam unlikely to meet 5.5% GPD growth target

The government's report on May 20 has shown that it will be very difficult to achieve a 5.5% GDP growth rate in 2013 amid the current challenges.

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VND9 trillion of soft loans for realty companies

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VietnamNet English 5 day(s) ago 1 related news

VND9 trillion of soft loans for realty companies

VietNamNet Bridge – The State Bank of Vietnam has issued a circular on providing low-interest loans to support the housing segment in line with Resolution 02/NQ-CP, under which as much as 30% or VND9 trillion of a credit line of VND30 trillion will be set aside for local property companies at an annual rate of 6%.

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Interest rates unlikely to drop further

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Hanoi Times English 6 day(s) ago 1 related news

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

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