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Banks lower interest rates for loans

Since the end of the Lunar New Year holiday, lender banks across the board have been reducing loans’ interest rates

Lending rates expected to drop

Most bankers agree that lending rates will fall further this year, having eased by one percentage point compared to the month before Tet

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

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.

Gov’t re-emphasizes need to stabilize economy

The Government in the last regular cabinet meeting of 2011 has urged its members to join forces to curb inflation and stabilize macro economy this year

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

Banks still charging high lending rates

Exorbitant interbank rates, short supply of capital, and the fact that certain banks breach the deposit caps are main causes for high lending rates

BIDV cuts lending rate to 14.5%

The state-owned lender has announced to cut lending rate for specific groups of borrowers upon a meeting between the central bank and Vietnamese commercial banks

Vietnam vows to effectively use ODA

Vietnam will continue completing mechanisms and policies to effectively use official development assistance (ODA) sources and speed up the disbursement of ODA projects. Prime Minister Nguyen Tan Dung made the affirmation at the Consultative Group (CG) Meeting of international donors, which took place in Hanoi on December 6. According to the Government leader, Vietnam ’s macro economy has seen positive developments with inflation gradually put under control and consumer price index (CPI) slowing down

Cutting deposit rate requires care: former governor

Vietnam's central bank has told the public that the rate reduction of 2 percent cannot be implemented immediately given the current macroeconomic situation

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From Politics

NA talks about changes to work law

Employees harvest whitened-leg shrimps in the Hung Bien Ocean Items Co Ltd within the central province of Quang Binh. The draft amended Work Code, that was talked about through the NA yesterday, is anticipated to make sure workers' proper privileges including salaries, overtime and maternity leave. — VNA/VNS Photo Huy Hung HN — The Nation's Set up talked about a variety of concerns associated with work issues throughout a session which was

PM greets mind of Lao inspectorate

HN — Pm Nguyen Tan Dung yesterday confirmed that Viet Nam always supported co-operation between its relevant agencies and also the Inspection Commission from the Lao Individuals Revolutionary Party Central Committee and also the Government Inspectorate of Laos. Dung made the statement while finding the commission mind, Inspector-General Bounthong Chitmany.Dung stated co-operation would concentrate on training human assets within the sector in addition to swapping encounters within the combat and protection