Bad debts in Vietnam’s banking sector rose to VND75 trillion or 3.04% of the total outstanding loans as of June, 2011, up 50% YoY. Banks are liable to the rise as they set high lending rates and exposed much in real estate loans. Bad debts in Vietnam’s banking sector rose to VND75 trillion or 3.04% [...]
The State Bank of Vietnam (SBV) on Saturday Oct. 1 continued keeping the interbank average exchange rate unchanged at 20,628 dong/US dollar. This was the 32nd consecutive day the rate was maintained at this level, after rising from 20,618 dong/US dollar on August 24. In the whole month of Sept., commercial banks quoted the dollar [...]
After the State Bank of Vietnam (SBV) issued Directive 02 on Sept. 7 regulating commercial banks must strictly comply with the deposit interest rate cap of dong and US dollar, many banks, especially small banks reported their deposits were being withdrawn. Nam Viet Commercial JS Bank said that by December 17, this bank saw a [...]
The State Bank of Vietnam (SBV) has announced the interbank average forex rate today Friday September 30 at 20,628 dong/US dollar, remaining unchanged for 32 consecutive days. This is the longest period the interbank average forex rate has been kept stable since the central bank officially applied the daily forex rate adjustment on February 11, [...]
The State Bank of Vietnam (SBV) sold out 150 million dollars (VND3,000 billion) last week to stabilize the USD/VND exchange rate. The central bank, in a meeting with commercial banks on Sept. 7, said it would try to keep the exchange rate steady within 1% fluctuating band to the end of this year, and that [...]
The US dollar on the free market was commonly at 21,250-21,300 dong each (buying-selling prices) on September 28, up by 50 dong from previous day. In the previous day, the US dollar price on unofficial market slipped slightly to 21,220-21,240 dong each in the region of Ben Thanh market in HCM City. On September 28, [...]
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