China’s PBOC cuts interest rates for first time since 2012

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Báo Thanh Niên English 2 day(s) ago

China’s PBOC cuts interest rates for first time since 2012

China cut benchmark interest rates for the first time since July 2012 as leaders step up support for the world’s second-largest economy, sending global shares, oil and metals prices higher.

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Online shopping demand rising rapidly in smaller cities

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VietnamNet English 2 day(s) ago

Online shopping demand rising rapidly in smaller cities

VietNamNet Bridge – Online goods distributors have noted that the highest revenue growth rates do not come from Hanoi and HCM City, but from smaller cities and provinces.

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70 percent of SMEs cannot access bank loans

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VietnamPlus English 4 day(s) ago 1 related news

70 percent of SMEs cannot access bank loans

Only 30 percent of small- and medium-sized enterprises (SMEs) in Vietnam have access to bank loans, while the rest rely on their own capital or loans from other sources at high interest rates, according to K. Balasingam, General Director of the Institute of Manpower, Banking and Finance (BITC).

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SMEs still unable to access bank loans

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VietNam News English 4 day(s) ago 1 related news

SMEs still unable to access bank loans

Only 30 per cent of small- and medium-sized enterprises (SMEs) have access to bank loans while the rest have to use their own capital or borrow from other sources at high interest rates.

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Vietnamese bonds decline following increase in interbank rates

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Báo Thanh Niên English 6 day(s) ago

Vietnamese bonds decline following increase in interbank rates

Vietnam’s sovereign bonds fell, pushing the five-year yield to the highest in almost two months, as interbank interest rates surged.

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Transport association prompts businesses to cut freight rate

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SaiGon GP English 1 week(s) ago

Ho Chi Minh City Cargo Transport Association yesterday sent a document to transport companies, asking them to lower freight rates as petrol prices have reduced the ninth consecutive time.

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Businesses prefer corporate bonds to bank loans

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VietnamNet English 1 week(s) ago

Businesses prefer corporate bonds to bank loans

VietNamNet Bridge – Tens of trillions of dong worth of corporate bonds have been issued recently by enterprises, mostly real estate development firms.

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Freight rate to fall 5-7 percent

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SaiGon GP English 1 week(s) ago

Freight rate to fall 5-7 percent

Freight rate might be reduced 5-7 percent as petrol prices have fallen down from 12 to 16 percent over the beginning of this year, said the Ministry of Transport at a meeting on measures to lower the freight on November 13.

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Bitcoin is a payment system, not an investment: Woo

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Báo Thanh Niên English 1 week(s) ago

David Woo, global rates head at Bank of America Merrill Lynch, discusses the volatility of Bitcoin and why he views it as a payment system and not something to invest in. He speaks on “Bloomberg Surveillance.”

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Vietnam banks cut interest rates, carefully

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Báo Thanh Niên English 2 week(s) ago

Vietnam banks cut interest rates, carefully

Major banks say they've agreed to take a hit by cutting interest rates for struggling businesses, but economists say there's a lot more they can do.

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Cutting interest rates help boost growth

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VietnamPlus English 1 week(s) ago

The State Bank of Vietnam lowered interest rates on short-term deposits and ceiling interest rates on loans in a bid to boost bank loans, the English language version of the Nhan Dan (People) newspaper reported.

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Global rating agencies upgrade VN’s sovereign ratings

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Báo điện tử CP English 1 week(s) ago

Global rating agencies upgrade VN’s sovereign ratings

VGP – The stability in the financial sector and the banking system contributed to consolidating foreign investors' confidence in Viet Nam and the country’s prestige in the global economic map.

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Vietnam to raise minimum wage by up to $18.9 per month in early 2015

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Báo Tuổi Trẻ English 1 week(s) ago 2 related news

Vietnam to raise minimum wage by up to $18.9 per month in early 2015

The Vietnamese Government has issued a new decree to increase the minimum wage by up to US$18.9 from January 1, 2015.

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Dollar dips after mixed US jobs report

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Báo Đầu Tư English 1 week(s) ago

Dollar dips after mixed US jobs report

The dollar weakened against other major currencies on Friday (Nov 7) after a mixed US jobs report did little to change expectations of a change in the Federal Reserve's interest rate outlook.

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High-end properties attract buyers

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VietnamPlus English 2 week(s) ago 2 related news

After focusing on low-end projects in previous years, the property market has witnessed the return of high-end projects with high rates of sales from the third quarter of 2014.

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