Central bank Governor Nguyen Van Giau met with bankers in Hanoi and HCMC last week to collect their ideas on how to apply negotiated lending rates to short-term loans before officially launching this policy. At this time, banks can only apply negotiated lending rates for medium and long-term loans while loans of less than 12 [...]
Commercial banks are having trouble boosting capital via the stock market as bank shares have become increasingly less attractive to investors. An official at a bank who requested anonymity said the market hardly reacted to the news that his bank would issue shares to raise capital. In previous years such information could boost bank share [...]
The central bank’s HCMC branch has said total mobilization of credit institutions in the city in March is estimated at VND608 trillion, up 0.77% from early this year, while the figure in late February declined 0.45%. However, considering the mobilization mechanism, there is still little capital in Vietnam dong coming out of the banking system. [...]
Commercial banks says they are having to dodge the law by offering higher-than-allowed interest rates to depositors while charging borrowers more. They claim that if they didn’t then there’d be left with only limited funds to lend out to assist businesses. While the ceiling lending interest rate is 12 percent per annum, businesses are paying [...]
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