Vietcombank cuts lending interest rates

Vietcombank is the second largest state-run bank lowering to lower lending interest rates for prioritized borrowers this year, after BIDV.

Vietnamese dong increases its attractiveness

The Vietnamese dong has increased its attractiveness as a result of the State Bank of Vietnam ’s monetary policies, SBV Governor Nguyen Van Binh said

No interest rate cuts in immediate future

HANOI – Governor Nguyen Van Binh of the State Bank of Vietnam has reiterated now is not the right time to lower lending rates, so enterprises should look at other funding sources instead of solely depending on bank loans.

Governor: Vietnamese dong increases its attractiveness

The Vietnamese dong has increased its attractiveness as a result of the State Bank of Vietnam ’s monetary policies, SBV Governor Nguyen Van Binh said. “Vietnam retained a stable foreign exchange rate and forex market in a difficult context last year. The forex had fluctuated less than 1 percent,” Binh said at an online discussion held by the Government Web Portal chinhphu.vn in Hanoi on Jan. 12.

Experts predict worsened economy this year

Experts predict a gloomier year for Vietnam’s economy in 2012 as the recession hits rock bottom

Lending rates cannot be cut in H1: SBV Governor

Solving banks’ liquidity shortage is the main task of the central bank this year, which will lay the ground for rate cuts

Deposits at city banks dip, rate cap breached

HCMC – The total amount of deposits at banks in HCMC is falling sharply, prompting many smaller banks in the city to breach the ceiling of 14% for deposit interest rates to attract more funds, said a senior official of the central bank.

Banks again breach deposit rate cap

Many banks have admitted to breaking the deposit interest rate ceiling, sending it up to 18 percent

Small banks face mobilization hardship

HCMC – Plenty of small banks are making every effort to mobilize capital so as to overcome liquidity problems caused by surging withdrawal demand of enterprises to settle public debts, payrolls and bonuses ahead of the Lunar New Year holiday.

Banks offer promotions to attract VND deposits

At a time of high demand for deposit withdrawal, many banks are now seeking ways to attract dong deposit in order to solve the liquidity problem