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Banks warned of sanctions against interest rate race

Banks warned of sanctions against interest rate race

VOV.VN - The State Bank of Vietnam will intensify the supervision of implementing interest rates and credit programs of credit institutions whilst also strictly handling relevant infringements.

No big changes in exchange rate, interest rate in 2019: research institute

No big changes in exchange rate, interest rate in 2019: research institute

There would be no big fluctuations in the foreign exchange rate and interest rate in 2019 as pressure caused by the normalization of monetary policy in major economies in the world has eased, according to the Vietnam Institute for Economic and Policy Research (VEPR) under the VNU University of Economic and Business.

“Big four” banks to lower interest rates on January 10

"Big four" banks to lower interest rates on January 10

VOV.VN - Four major commercial banks have pledged to slash lending rates as of January 10 in a bid to further leverage access to loans for businesses operating in the prioritized sectors as stipulated by the State Bank of Vietnam.

Consumer finance arms race

Consumer finance arms race

Consumer finance companies are offering various promotions to customers, aiming to enlarge their share in an increasingly competitive market.

90% of social insurance fund invested in G-bonds

90% of social insurance fund invested in G-bonds

About 90% of social insurance funds are currently invested in government bonds (G-bonds), Dao Viet Anh, Deputy General Director of the Vietnam Social Security (VSS), said at a seminar last week.

Interbank interest rate sharply rises

Interbank interest rate sharply rises

The Vietnam dong’s interest rate on the interbank market exceeded 3% per annum for the first time over the past more than six months.

OMO rates cut to support growth

OMO rates cut to support growth

The State Bank of Vietnam (SBV) late last week announced its first interest rate cut in the open market operation (OMO) in the past five years.

G-bonds worth over US$7 billion issued in 2017

G-bonds worth over US$7 billion issued in 2017

G-bonds worth VND159.9 trillion (US$7.04 billion) and having an average maturity of 13.52 years, up 4.81 years against 2016, were issued last year, according to the Ministry of Finance.

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.