Dollar Loans

Foreign exchange risks loom large toward year’s end: experts

HCMC – The demand for the U.S. dollar is outpacing supply, unveiling big foreign exchange risks for both enterprises and the economy by the end of the year, experts said at a conference in HCMC last week.

Money supply must increase to avoid stagflation

Vietnam's central bank should pump more money into the economy, while taking care to ensure it doesn't fuel inflation

Access to dollar loans harder for enterprises

HCMC – Access to bank loans in U.S. dollar was officially choked off on Monday as Circular 07 issued by the central bank took effect, meaning enterprises will have to burden higher capital costs when borrowing Vietnam dong at an annual interest rate of over 20%.

Jan dollar credit down slightly

HCMC – While banks are hiking deposit rates for the U.S. dollar to raise more foreign funds, demand for dollar loans has remained lackluster in the HCMC banking system.

Dollar loan demand expected to rise: bankers

Vietnamese banks have pushed longer-term dollar deposit rates over 6 percent in the past week

Banks raise dollar rates as Vietnam dong still under cap

HCMC – Several banks have raised interest rates for dollar deposits in a bid to consolidate their shares on the mobilization market now that the interest rate for all funds in Vietnam dong has been capped at 14%.

August dollar mobilization falls in city

HCMC – Mobilization of foreign currency, mostly the U.S. dollar, dropped by 4% month-on-month to VND167.1 trillion at credit institutions in the HCMC last month, leading dollar mobilization by late August to grow only 5.3% from late last year.

Dollar lending rises post-devaluation

Access to dollar loans grows harder

HCMC – Enterprises will find it more difficult to take out bank loans in the U.S. dollar from now to the end of the year given the banking system’s slower mobilization and the country’s trade deficit reduction effort.

Dollar lending rises post-devaluation

Companies in Vietnam may be finding it harder to repay dollar debt in the wake of its latest dong devaluation but demand for greenback loans is rising