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Tag Archives: State Bank of Vietnam

Vietnam’s loan rates highest in the region

Currently, Vietnam’s interest rates on loans are still highest in the region despite strenuous efforts by the State Bank of Vietnam (SBV) to adjust them since mid-2012. Most recently, the SBV has fixed ceiling short-term loan rates at 11 percent per year for businesses operating in five prioritised fields and …

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No adjustment to exchange rate

The State Bank of Vietnam has insisted that it is not the time for an adjustment to the exchange rate and consequently the rate margin will still remain at +/-3 percent this year. The central bank has disagreed with several economic experts who proposed depreciating the national currency (VND) by …

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In Vietnam, card holders bear 17 kinds of fees

Vietnamese keep indifferent to the banks’ plan to modernize the payment methods, a step towards the non-cash economy, because the 17 existing kinds of fees have been burdening them. According to the State Bank of Vietnam, 50 million cards of different kinds have been issued, including credit cards, debit cards, …

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Real estate market targets low-income earners

Vietnam plans to develop social housing and housing for the middle class in order to stimulate demand for real estate, said Minister of Construction Trinh Dinh Dung. He was speaking at a discussion with the National Assembly (NA)’s Economic Committee on January 24 on ways to solve the real estate …

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ACB among banks under review

The State Bank of Vietnam (SBV) is assessing the performance of Asia Commercial Bank (ACB) and 26 other banking institutions in the country in the wake of banking sector problems. ACB and the companies that are doing business with it are under review, Dang Thanh Binh, deputy governor of the …

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SBV claims bad debts are falling

Bad debt has decreased by VND36 trillion (USD1.7 billion) thanks to the efforts of debt restructuring, debt payment delay and quittance, according to the State Bank of Vietnam (SBV). The settled debts made up for nearly 18 percent of the VND202 trillion (USD9.62 billion) total bad debt reported in September …

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SBV hopes 13 tons of gold can help cool gold market down

The State Bank of Vietnam (SBV) has decided to launch more gold into the market, hoping that the additional supply would help ease the gold fever. On September 19, 2012, SBV told the Saigon Jewelry Company (SJC) to make 350,000 taels, or 13 tons of gold. Deputy Director of the …

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New regulations place restrictions on bank listings

Banks wanting to list shares on the nation’s stock exchange will be required to satisfy tighter requirements on bank management, under a Circular issued by the State Bank of Vietnam (SBV). The new circular, effective as from October 29, stipulates that credit institutions seeking to list shares will have to …

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Stable interest rates help businesses survive

Interest rates have remained fairly stable since the middle of August and the business community is also increasingly able to access loans, according to the State Bank of Vietnam (SBV). The current interest rates quoted are 1-2 percent annually for no-term deposits and 2 percent annually for those of less …

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