For most property developers, where and how to raise enough funds to develop their projects is challenging. They currently have to seek capital through bank loans, and cooperation with strategic partners and homebuyers.
Le Chi Si, director of strategy for Thu Duc Housing Development Corporation, also known as Thuduc House, highlighted the important role of capital [...]
After having succeeded in conducting the monetary policy in the first half of 2010, State Bank of Vietnam said it would continue stabilising tools of interest rates, including the basic rate, refinancing rate, rediscount rate and interest rates of open market operations and foreign currency swap interest rate.
The following are nine new tasks that the [...]
The State Bank of Vietnam (SBV) has issued Decision No 1815/QD-NHNN approving for changing the name of Vietnam Commercial Joint Stock Bank for Private Enterprises (VPBank) into Vietnam Thinh Vuong Commercial Joint Stock Bank.
The Vietnam Thinh Vuong Commercial Joint Stock Bank will be responsible for registering with state’s functional authorities, publicising on newspapers about the [...]
The State Bank of Vietnam’s branch in Ho Chi Minh City has reported that the volume of remittances transferred into the city by overseas Vietnamease rose in the first seven months of this year, thanks to the worldwide economic recovery.
According to the branch, total volume is estimated to reach US$2,235 billion, a year-on-year increase of [...]
Vietnam’s debt rating was lowered by Fitch Ratings on concern about the nation’s “inconsistent” economic policy, foreign-exchange reserves and banking system.
The country’s long-term foreign and local-currency ratings were cut to B+ from BB-, with a stable outlook, Fitch said in a statement today. The new rating is four steps below investment grade and contrasts with [...]
Banks have been gradually adjusting dong interest rates to around 11.2 percent per annum threshold. The highest average level is currently at 11.3 percent per annum for terms of six months and 12 months.
Deposit rates for longer terms, from 13 months to 36 months, are quoted at a much lower average level (approximately 10.97 percent [...]
In efforts to ensure the macroeconomic stability, curb the inflation and achieve the targeted economic growth of 6.5 percent in 2010, the State Bank of Vietnam said that from now to the end of this year it will make more attempts to lower the market interest rates.
This will be done through measures such as stabilising [...]
The State Bank of Vietnam (SBV) has issued documents No 5539 and No 5540/NHNN-TTGSNH dated July 26, 2010 announcing the governor’s opinion about increasing the chartered capital in 2010 of the two banks including Tien Phong Commercial Joint Stock Bank (TienPhongBank) and De Nhat Commercial Joint Stock Bank.
In details, the governor has approved for TienPhongBank [...]
Bao Viet Commercial Joint Stock Bank (BaoVietBank) has recently introduced to public the new programme named “Tin an Nghiep”, a Bancassurance product to be launched with the cooperation of Bao Viet Life Insurance Corp.
“Tin an nghiep” was the co-product of BaoVietBank’s salary payment service with An Nghiep insurance product offered by [...]
Partly-equitised Vietcombank posted a creditable pre-tax profit of VND2.8 trillion (US$145.83 million) to June 30, up 7.3 per cent against the same six months of last year.
After-tax profit of VND2.15 trillion ($111.77 million) was up 8.7 per cent.
“I’m pleased with the result and believe Vietcombank will be able to beat its target of VND4.5 trillion [...]
Subscribe in a Reader
World Business News
Subscribe via Email