Interest RatesSyndicate Interest Rates

HSBC calls for gradual interest rate cuts

HCMC - HSBC Global Research has proposed gradual rather than fast interest rate decreases to avoid the risks of high inflation returning and strong weakening pressures on Vietnam dong against the U.S. dollar.

Half of businesses operate perfunctorily

HANOI – The Vietnam Business Annual Report 2011 released by the Vietnam Chamber of Commerce and Industry (VCCI) on Wednesday shows that 52% of the surveyed enterprises replied they will maintain their business scale in 2012 given many unfavorable factors.

Cbank slashes key interest rates, lowers deposit cap

Cbank slashes key interest rates, lowers deposit cap

The State Bank of Vietnam yesterday officially lowered the cap slapped on the deposit interest rate to 13%, saying the reduction will help lending interest rates fall to around 14.5%

India's factory output leaps surprise 6.8 percent

India's factory output leaps surprise 6.8 percent

India's industrial production output grew by a surprise 6.8 percent in January, the fastest in seven months, data showed Monday, defying high interest rates and a global economic downturn

Foreign banks lower deposit rates

Foreign banks lower deposit rates

After the central bank announced its intention to lower the ceiling deposit rate to less than 13 percent, several foreign banks have reduced their rates while local banks have yet to make any move

Gov’t to buy real-estate projects to unclog capital flow

Gov’t to buy real-estate projects to unclog capital flow

The solutions to unclog nonmarketable capital as stated in Government Project No 254 should quickly be implemented to facilitate the process of cutting lending interest rates, an expert has urged

Banks move to cut deposit interest rates

A State Bank of Vietnam (SBV) announcement about a possible cut in deposit interest rates has spurred many banks into action even before an official decision is taken.

Lower rates fail to boost shares

Shares on the nation's stock exchanges extended the previous day's losing streak during Mar. 7's session despite the announcement of Government moves to reduce interest rates.

Banks face fund raising challenges

Total deposits at credit institutions nationwide fell by 3.29 percent compared with the figure recorded in late 2011, according to the State Bank of Vietnam.

Investors yet to see sale-off in property market

Investors yet to see sale-off in property market

Many foreign investors are seeking to buy cheap property products in Vietnam but there is yet any sale-off here, unlike in other countries

From Business

Firms advised to focus on TPP

HN — Domestic businesses should positively build plans and methods to grow marketplaces in nations joining the Trans-Off-shore Partnership (TPP) Agreement.Ngo Chung Khanh, deputy director from the Secretary of state for Industry and Trade's Multilateral Trade Policy Department, made the suggestion in a conference in Ha Noi yesterday.The TPP pact, also called the Trans-Off-shore Proper Economic Partnership Agreement, is really a multilateral free trade deal that aims to help liberalise the financial systems

Blue chips lead share plunge

HN – Blue nick declines ongoing to tug shares lower around the HCM City Stock Market today.As much as 80 percent from the top 30 shares by market capitalisation and liquidity sank, which the 2nd biggest share PV Gas, HCM City Infrastructure Investment (CII), Sea Group (OGC) and Sacombank Investments (SBS) fell through the daily limit of 5 percent.Only mixer Masan Group (MSN), property developer Quoc Cuong Gia Lai (OQC) and Song Da Urban & Industrial Zone Investment and Development (SJS) bucked the