Gold market defies common rule after Fed’s interest rate hike

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SaiGon GP English 5 day(s) ago

The gold market resumed stability shortly after a quick increase on March 16 after the US Federal Reserve (Fed) raised its interest rates, while the US dollar lost in value compared to other major currencies, which experts described as going against common rule.

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Fed raises benchmark interest rate by a quarter point

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Báo Đầu Tư English 1 week(s) ago

WASHINGTON: The US Federal Reserve on Wednesday (Mar 15) raised the benchmark interest rate by a quarter point, amid rising inflation, the second increase since President Donald Trump's election and only the third in a decade.

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Banks hopeful for mortgage market growth

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Báo Đầu Tư English 1 week(s) ago

With housing demand remaining strong, banks are optimistic 2017 will be a big year for mortgages.

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Oil prices slide below US$50

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Báo Đầu Tư English 1 week(s) ago

LONDON: Oil prices took a battering on Thursday (Mar 9), with US prices falling below US$50 for the first time this year, on signs a global supply glut is not going away.

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Reference exchange rate goes up VND12

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SaiGon GP English 2 week(s) ago

The daily reference exchange rate for VND/USD was set at VND 22,258 per USD on March 9, up VND 12 from the day before.

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Small business affected by new lending circular

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Báo Dân Trí English 2 week(s) ago

A circular issued by the State Bank of Vietnam (SBV), which comes into effect on March 15, may affect small-sized enterprises as they will have to borrow from credit institutions at higher interest rates.

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Dollar firms on Fed rate hike talk, eyes on Trump

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Báo Đầu Tư English 3 week(s) ago

HONG KONG: The dollar firmed in Asia Wednesday (Mar 1) after two top Federal Reserve officials suggested US interest rates could rise this month, while Donald Trump's speech to Congress received a mixed response.

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Banks’ appetite for real estate lending drives up interest rates

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Báo Đầu Tư English 3 week(s) ago

Banks’ favour for lending to real estate is the reason for high lending interest rates.

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Former Ocean Bank executives stand trial

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

The People’s Court of Hanoi on February 27 opened the first instance hearing for former Chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank (Ocean Bank) Ha Van Tham and other former executives of the bank for serious violations of State laws.

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Vietnamese banks overly dependent on credit growth

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Báo Đầu Tư English 3 week(s) ago

Many banks complain that the cost of capital increases and they cannot increase lending rates, so interest margins are quickly narrowing, which affects profit.

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Vietnam rates favourably on US intellectual property index

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Báo Đầu Tư English 1 month(s) ago

Vietnam has climbed 2.51 points in the 2017 international intellectual property index, reflecting the country's intensified attention and improvement in the area.

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Outstanding consumer loans capped at VND100m per person

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Báo Đầu Tư English 1 month(s) ago

A consumer can have a maximum outstanding loan of VND100 million (US$4,400) at financial firms, as per the State Bank of Viet Nam’s Decree No 43/2016.

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Inter-bank rates drop sharply after Tet

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Báo Đầu Tư English 1 month(s) ago

Interest rates for Vietnamese dong loans of different tenors have dropped sharply on the inter-bank market following the Tet (Lunar New Year) holiday.

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Return to work after Tet rates increase

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Báo Dân Trí English 1 month(s) ago

The rate of workers returning to work at industrial zones after Tet Holiday have increased sharply.

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Vietnam imports more automobiles as prices drop

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Báo Tuổi Trẻ English 1 month(s) ago

Vietnam doubled its auto imports in the first half of January this year compared to what it did in the same period last year, thanks to lower prices and tax rates, according to official figures.

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