Tag: "interest rate"

Interest rate likely to stay stable: report

Interest rate likely to stay stable: report

The prospect of stable interest rate in 2017 is being supported by macro factors and policies such as reduced pressure in exchange rate and drastic measures in tackling bad debt, the National Financial Supervisory Commission said.

HCM City to offer soft loans to manufacturing firms

HCM City to offer soft loans to manufacturing firms

The HCM City People’s Committee plans to offer low-interest loans of no more than VND200 billion (US$8.8 million) with a maximum seven-year term to enterprises operating in the manufacturing or support industry.

Some banks enter new rate race

Some banks enter new rate race

Some commercial banks have entered a new interest rate hike race to lure medium- and long-term deposits, pushing the rate to a record high of more than 9% per year.

Gold market defies common rule after Fed’s interest rate hike

Gold market defies common rule after Fed’s interest rate hike

The gold market resumed stability shortly after a quick increase on March 16 after the US Federal Reserve (Fed) raised its interest rates, while the US dollar lost in value compared to other major currencies, which experts described as going against common rule.

VIB deposit certificates a superior investment tool

VIB deposit certificates a superior investment tool

The Vietnam International Bank (VIB) on February 20 officially issued certificates of deposit (CD) worth VND18 million and VND24 million for personal and corporate customers to meet their investment demands for deposit.

Interest rate under pressure to stay steady

Interest rate under pressure to stay steady

The State Bank of Vietnam has targeted keeping interest rate stable in 2017, however, the market’s developments in the first half of January 2017 show that lending rates are suffering from many pressures.

Credit growth goal set at 18% for 2017

Credit growth goal set at 18% for 2017

The State Bank of Vietnam (SBV) has set a credit growth target of 18% for this year and it pledged to continue measures to keep credit growth suitable to the country’s economic development.

Gov’t policy must spur e-payment: MoIT

Gov’t policy must spur e-payment: MoIT

Vietnam should develop breakthrough policies to create momentum for the further development of electronic payments to meet the growth of e-commerce, said Pham Nguyen Minh, Director of the Institute for Trade Research and Development under the Ministry of Industry and Trade.

SME foundation to provide support to startups

SME foundation to provide support to startups

The Government’s Small- and Medium-Sized Enterprise Development Foundation (SMEDF) could provide support to startups in the form of venture capital and crowd funding, according to a draft decision.

Macro-economic stability maintained

 Macro-economic stability maintained

VOV.VN - Vietnam’s economy has developed significantly in the third quarter but achieving this year’s target growth rate of 6.3-6.5% requires a doubling of efforts.

Removing deposit interest rate cap considered

Removing deposit interest rate cap considered

Deputy Prime Minister Vuong Dinh Hue has recently instructed relevant authorities to scrutinise the possible removal of the deposit interest rate cap on short-term deposits.

Banks not planning loan interest rate hike

Banks not planning loan interest rate hike

The director of a bank in HCM City says lenders have no plans as of now to increase loan interest rates, though they find it difficult to cut capital costs since deposit interest rates are tending to increase.

Credit organisations lower deposit interest rate

Credit organisations lower deposit interest rate

Some big credit organisations, including State-owned commercial banks, lowered their interest rates for short-term deposits as from September 26, according to the State Bank of Vietnam (SBV).