Category: Vietnam
Vietnam’s central bank continues to cut key rates by 1pct
At the ongoing press conference held in Hanoi on May 10, the State Bank of Vietnam (SBV) issued a decision to cut the key rates by 1 percent (refinancing rate, rediscount [...]
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Gold serves as a tool for central bank to regulate capital supply
Some 15 tonnes of gold has been sold by the State Bank of Vietnam through bidding. It is estimated that VND15 trillion has been taken back from the gold sale. In late 2012 [...]
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Monopoly on gold imports under new decree necessary: cbank
The State Bank of Vietnam (SBV) has reconfirmed that its recent decree on gold management policies help the local gold market operate in a more sustainable manner than [...]
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Expert says Vietnam banks are playing with fire
Vietnamese banks are in a bind as they are unable to find borrowers while they still have to pay regular interest to a number of depositors, Associate Professor and Doctor [...]
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ADB, EIB agree to fund metro line No.5 project in city
The Asian Development Bank (ADB), the European Investment Bank (EIB) and the Spanish government have agreed to provide loans for the first stage of the Metro Line No.5 [...]
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Vietnam praised for smooth debt repayment
Axel van Trotsenburg, World Bank’s vice president for East Asia and Pacific, highly praised Vietnam for its efforts to repay debts to the global lender. Vietnam’s [...]
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State Bank urged to slow down bad debt settlement
Economists and banking leaders have proposed that the State Bank of Vietnam (SBV) delay the deadline to deal with bad debts to improve the access to capital for firms. The [...]
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Deposit interest rates vary between domestic banks
Interest rates haven’t shown significant changes since Vietcombank’s rate cuts, but they have revealed the sharper rate difference among the banks. Vietcombank on [...]
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PM Dung approves programme to cut public debt by 2015
The prime minister approved a medium-term debt management programme for the 2013-15 period. The programme aims to lower public debt to less than 65 per cent of GDP by 2015, [...]
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Finance group urges rate cut
The National Financial Supervisory Committee has suggested a further cut in the deposit interest-rate cap to 7 per cent to bring down lending rates to around 10 per cent. [...]
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Stock market to be ‘invigorated’ by cheap capital flows
Specialists in securities sector said that the interest rate cut is good news for listed companies and positive news for the stock market. Joint Stock Commercial Bank for [...]
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VCBS attains 9.6b dong of after-tax profit in Q1/2013
Vietcombank Securities Co.,Ltd (VCBS) has announced that in the first quarter 2013, the company obtained 9.62 billion dong of after-tax profit, up 2 percent year-on-year [...]
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Increase in cash flow helps markets climb
The value of negotiated transactions in the HCM Stock Exchange on May 9, worth 1.16 trillion VND (55.2 million USD) accounted for 64 percent of a total market value of nearly [...]
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May 9: Vietnam Stocks Rebound on Rate Cut, Liquidity Surges On Put-Through Deals
Vietnamese stocks rose today after banks announced to cut rates and liquidity soared thanks to heavy put through STB deals. The benchmark VN Index rose 1.15 points or 0.24 [...]
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May 9: Foreigners Net Buy on Both Bourses
Foreigners were net buyers of Vietnamese shares on both the Hochiminh Stock Exchange and on the Hanoi Stock Exchange today, level of participation eased. These players net [...]
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