Interest rates on the interbank market has been volatile since late August after stabilizing for 3 straight months, the State Bank of Vietnam (SBV) said. Interest rates on the interbank market has been volatile since late August after stabilizing for 3 straight months, the State Bank of Vietnam (SBV) said. Overnight rates have soared to [...]
If the meaning of capital adequacy ratio (CAR) and its current level in commercial banks of Vietnam were properly understood, the decision to increase CAR from eight percent to nine percent from October 1, 2010 would be proved to be reasonable and necessary. According to statistics from a study at national level, the request to [...]
Sensational news has stirred up the domestic finance market, as foreign credit organizations are offering to lend billions of dollars to Vietnamese enterprises at preferential interest rates. Businesses have been advised to wary of such the loans. Duong Thu Huong, Secretary General of the Vietnam Banking Association who was once the Deputy Governor of the [...]
The State Bank of Vietnam, the country’s central bank, has continued pumping low-cost funds through the open market operations (OMOs), in a move to help pull down interest rates on deposits and loans at commercial banks to facilitate the economic growth. The Lao Dong newspaper reported that the SBV on Aug 16 sold VND1.527 trillion [...]
The State Bank of Vietnam (SBV), the country’s central bank, has served a warning on two commercial joint stock banks having torn down a commitment on pulling down deposit interest rates. Mekong Development Commercial JS Bank and Vietnam Maritime JS Commercial Bank (Maritime Bank) currently offer high deposit interest rates of between 11.25% and 11.3% [...]
The State Bank of Vietnam (SBV) said that the total trading value of dong and dollar on the inter-bank market in the week ending August 5 declined by VND 3.963 trillion to VND 95.798 trillion and $162million to $1.533 billion, respectively. The State Bank of Vietnam (SBV), the country central bank, on August 9 said [...]
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