Banks paid out VND300 trillion savings interest Thuy Dung By Thuy Dung - The Saigon Times Daily HANOI – Banks paid savings interest of over VND300 trillion last year, and are now burdened with several other costs, including a considerable risk provision. Thus, their … [Read more...] about Banks paid out VND300 trillion savings interest
5 year high interest savings account
The ask price for US dollar at leading Vietnamese banks has inched down VND30 to VND20,920 a dollar after peaking to its 1.5-month high at VND20,950 on Thursday. The bid price, however, has edged up VND20 day on day to VND20,860 a dollar. The benchmark prices of the … [Read more...] about Dollar edges down after hitting 1.5-month high
VGP - On the threshold of the New Year 2010, PM Nguyễn Tấn Dũng had an article recalling Việt Nam's lessons and experience of overcoming difficulties and challenges amid the global economic crisis. The PM also pointed out solutions to consolidate macro-economic stability and … [Read more...] about PM underlines macro-economic stability and higher growth rate as top priorities in new year
Soon after the State Bank of Viet Nam cut the reference rate by 0.25 percentage points, several banks have followed suit, lowering interest rates on loans to enterprises in five priority sectors.They have cut the rates on short-term loans by up to 1 percentage point, which have … [Read more...] about Can interest rate cuts on loans be sustained?
VietNamNet Bridge - The State Bank of Viet Nam plans to maintain the current deposit interest-rate cap to ensure stability on the market. However, many domestic enterprises want the central bank to set a cap on the lending interest rate so they can access more bank loans. In late … [Read more...] about State Bank faces interest rate dilemma