The director of the State Bank of Viet Nam’s issuance and vault department, Nguyen Chi Thanh, spoke to Thoi bao Ngan hang (Banking Times) about the use of fake banknotes for votive offerings Presently, ghost money, which has a passable reproduction of real Vietnamese money circulated by the State Bank of Viet Nam, is available [...]
Commercial banks have begun easing off one of the highest deposit interest rates they offer, trimming rates from the regulated maximum of 10.49 per cent per year. “Banks are now tending to offer more reasonble interest on medium- and long-term deposits to reduce the pressure it puts on lending interest rates as well as to [...]
The cost of leasing offices in Ho Chi Minh City dropped 53 per cent last year as the global slump forced companies to shelve expansion plans, according to real estate broker Cushman & Wakefield Inc. After a number of years with positive rental growth, rents in HCM City fell dramatically in 2009. The largest drop [...]
Bumper salt harvest this year has brought no cheer to farmers in many Mekong Delta provinces who are worried about their livelihoods as prices continue to drop and more imports are planned, a SGGP study has found. In the communes of Long Dien Tay, Long Dien Dong, and Dien Hai of Dong Hai District in [...]
The State Bank of Vietnam on Friday allowed local lenders to negotiate with clients on interest rates for medium and long term loans. The central bank had previously prohibited such a move and interest rates on business loans were not allowed to exceed 150 percent of the key rate regulated by the central bank. Banks [...]
Exploration success is on the rise in Viet Nam, as a growing number of international oil companies (IOCs) continue to partner with PetroVietnam to find and exploit hydrocarbon resources, reported the website www.companiesandmarkets.com. In the Viet Nam Oil And Gas Report Quarter 2, 2010, that was posted on the website, the research company forecasts that [...]
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