Category: Finance
Vietnam Signals Rate Pause as Banking Revamp Approaches
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 [...]
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State Bank tries to keep gold bidding price high?
The high pricing policy allows preventing gold price fever attacks. The State Bank has the right and the power to maintain the high prices for gold bidding sessions because [...]
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Few Banks Dodge Deposit Rate Cap to Lure Deposits
Few commercial banks offer above-cap interest rates to draw in deposits amid abundant idle funds and hard-to-grow credits, the local online newspaper Dau Tu [...]
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‘Room’ for foreign investors in local banks proposed to be enlarged to 49pct
On the sideline of a seminar on “Inflation and economic growth in Vietnam” held on May 21, Nguyen Thac Hoat, head of Monetary-Financial Department, Institute for [...]
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Credit growth of HCM City-based banks at 1.4pct as of early-May
The total deposits of HCM City-based banks till early April reached nearly 1,031 trillion dong, rising 1 percent month on month, 3.8 percent from the end of 2012 and 14.8 [...]
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Central bank withdraws 10tr dong in first two days of this week
The State Bank of Vietnam (SBV) on May 21 pumped 313 billion dong on open market operations (OMO) for seven-day term at interest rate of 6 percent per annum while withdrawing [...]
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Hanoi’s credit growth at 2.7pct in May
The total deposits of Hanoi-based credit institutions in May are estimated to have reached 927.576 trillion dong, rising 2 percent from a month earlier and 3.4 percent [...]
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All 26,000 gold taels sold out in auction on May 21
The State Bank of Vietnam (SBV) on May 21 organised the 20th auction of gold bullions with total offered volume of 26,000 taels. During the auction, there were nine winners, [...]
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Interest Rate Spread Averaging 2.2pct in 2012, Expert Says
The average interest rate spread last year was only 2.2 percent, said Nguyen Duc Trung, deputy head of a banking scientific research institute, the local newswire TTVN.vn [...]
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SCB Introduces Online Term Deposits
Standard Chartered Bank Vietnam has launched online term deposits, allowing customers to make daily term deposits at the highest interest rates and make unlimited [...]
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VPBank, VCCorp Enter Partnership
The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and the Vietnam Communications Corporation (VCCorp) recently signed a strategic agreement in Hanoi aimed at [...]
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Vietnam Outlines Bad-Debt Plan
Vietnam edged closer Tuesday to dealing with the bad-debt problem hobbling its banking sector, as the government said it will set up an asset-management company by the end of [...]
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Credit flow to remain poor despite VAMC: official
Credit flow will remain stagnant because the upcoming Vietnam Asset Management Company (VAMC) will not be able to quickly resolve the problem of bad debt, said Chair Vu Viet [...]
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Banking restructuring earns initial results: Govn’t
The national banking restructuring scheme has born initial fruits, said a newly released report from the government Relevant state agencies and banking watchdogs have focused [...]
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VAMC to come online in Q2
The decree and project on establishment of the Vietnam Asset Management Company (VAMC) will be adopted quickly to ensure the enterprise starts operating in this quarter. [...]
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