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Category: FinanceSubscribe via RSS Feed

Vietnam to cut refinance rate to 6.5 pct to support GDP growth

19-Mar-2014 Intellasia | Thanhniennews | 6:00 AM

Vietnam will cut its key policy rates from tomorrow, as the government tries to support businesses and bolster a struggling economy. Stocks rose. The discount rate will be [...]
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Bank M&A deal nears

19-Mar-2014 Intellasia | VIR | 6:00 AM

Many market observers believe that Sacombank will benefit less from its merger with Southern Bank. Sacombank last week announced it would hold its annual general [...]
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Vietnam’s central bank officially cuts key rates

19-Mar-2014 Intellasia | Vneconomy | 6:00 AM

The State Bank of Vietnam (SBV) in the afternoon March 17 organised the March regular press conference announcing its decision to cut the key rates, effective from March 18. [...]
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Vietnam cuts rates as it seeks to spur growth

19-Mar-2014 Intellasia | AFP | 6:00 AM

Vietnam’s central bank on Tuesday cut its key interest rates for the first time in nearly a year in an attempt to kick-start the nation’s sluggish economy. The [...]
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Credit still falls over 1pct as of March 13 amidst deposit growth at 1.92pct

19-Mar-2014 Intellasia | Tri Thuc Tre | 6:00 AM

At the March regular press conference, Nguyen Thi Hong, head of Monetary Policy Department under the State Bank of Vietnam (SBV) said, since early this year so far, the [...]
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Vietnam central bank to lower key rates: state radio

18-Mar-2014 Intellasia | Straitstimes | 6:00 AM

Vietnam’s central bank will lower the ceiling on interest rates that banks can offer on dong deposits to 6.0 per cent per annum from 7.0 per cent now, state-run Voice [...]
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SBV makes net injection of 546b dong on OMO in week between March 10 and 14

18-Mar-2014 Intellasia | Tri Thuc Tre | 6:00 AM

In the week between March 10 and 14, the status for the Reverse Repo operation on open market operations (OMO) was zero dong while the State Bank of Vietnam (SBV) pumped 546 [...]
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IFC recognises Techcombank as 2013 Global Best Issuing Bank Partner

18-Mar-2014 Intellasia | VIR | 6:00 AM

Techcombank was recently was honoured with the Best Issuing Bank Partner award for its active participation in the International Finance Corporation (IFC)’s Global [...]
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Vietcombank begins consulting project to comply with FATCA

18-Mar-2014 Intellasia | VIR | 6:00 AM

Vietcombank chose to become the first local bank in Vietnam to be compliant with FATCA, which are a set of new US tax laws becoming effective July 1, 2014. Vietcombank [...]
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Banks boost lending, offering a chance for homeowners

18-Mar-2014 Intellasia | NLD | 6:00 AM

Many banks have been trying to boost lending to customers, focusing on those who have a demand for accommodation, in the context of their abundant capital. Three years ago, [...]
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LienVietPostBank Allowed to Add New Activity Content in Operating License

18-Mar-2014 Intellasia | StoxPlus | 6:00 AM

On March 14, 2014, the State Bank of Vietnam (SBV) issued decision approving of additional content to the operation license of LienViet Post Joint Stock Commercial Bank [...]
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SBV to spend 8tr dong on rice

18-Mar-2014 Intellasia | Dtinews | 6:00 AM

The State Bank of Vietnam will set aside VND8 trillion (USD380 millon) in preferential credit to buy rice from farmers under a state-backed rice storage programme, said one [...]
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Localities scale down projects for easier G-bond funding

18-Mar-2014 Intellasia | Saigon Times Daily | 6:00 AM

Many cities and provinces have reduced total investment capital of the State-funded projects in their localities by 70-80 percent to be eligible for more government bond [...]
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Bond index to be launched in Q2

18-Mar-2014 Intellasia | Bizhub | 6:00 AM

The Hanoi Exchange said that the draft construction and management principles of the bond index have been completed and that the index would be launched in Q2 2014. The index [...]
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ATM site rentals high

18-Mar-2014 Intellasia | Saigon Times Daily | 6:00 AM

Local banks are paying high rentals for locations to set up their automated teller machines (ATMs). Saigon Forestry Import-Export Company offers a space for two ATM machines [...]
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