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Friday, February 10,2012,16:29 (GMT+7)
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Bankers say lending rates poised to fall soon
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Thursday, February 9,2012,10:33 (GMT+7) |
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HCMC – Most bankers have agreed that lending rates will fall further this year, having somehow eased by one percentage point compared to the month before Tet. |
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Ex-Im Bank chair returns to boost loans for infrastructure
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Tuesday, February 7,2012,20:48 (GMT+7) |
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HCMC - Fred P. Hochberg, chairman and president of the Export-Import Bank of the United States (Ex-Im Bank), is leading a business mission to speed up closure of nearly US$1.5 billion in infrastructure projects in Vietnam, which he said a key market for the U.S. |
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Dai-ichi Vietnam partners with Sacombank
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Monday, February 6,2012,21:35 (GMT+7) |
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HCMC - Dai-ichi Life Insurance Company of Vietnam (Dai-ichi Vietnam) has announced a strategic partnership agreement with Sacombank to sell its life insurance products through the local bank’s network. |
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Local gold price falls
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Monday, February 6,2012,20:27 (GMT+7) |
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HCMC – The price of gold shrank last Saturday after its slight increase the previous day as Saigon Jewelry Holding Co.(SJC) bought the yellow metal at VND44.65 million and sold it at VND44.95 million a tael, a VND450,000 slide from a day before. |
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Dong fall forecast in 3% territory
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Friday, February 3,2012,22:23 (GMT+7) |
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HCMC – The exchange rate is seen stable this year given ample supply of foreign currency, fluctuating in the 2-3% range, said economic expert Vu Dinh Anh. |
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Bad debts remain high at some city lenders: central bank
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Thursday, February 2,2012,20:43 (GMT+7) |
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HCMC – The ratio of bad debts at a number of credit institutions in HCMC in 2011 was still high, or even sharply rose compared to the previous year, said the central bank’s HCMC Branch. |
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People rush to buy gold on God of Wealth Day
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Thursday, February 2,2012,20:41 (GMT+7) |
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HCMC – Locals on Wednesday still rushed to buy gold to wish for good luck on the occasion of the God of Wealth Day, the tenth day of the Lunar New Year. |
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Ministry says will restructure insurance market
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Thursday, February 2,2012,20:29 (GMT+7) |
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HCMC – The Ministry of Finance will start restructuring the insurance market this year, with an aim to promote the development of healthy insurers and consolidating weaker firms as part of the drive to stabilize the financial market. |
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SBV makes scheme on gold mobilization
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Tuesday, January 31,2012,21:01 (GMT+7) |
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HANOI – The State Bank of Vietnam (SBV) is ready to submit to the Government a scheme on mobilizing gold from citizens to prevent speculation, stabilize the market, regulate local prices and facilitate the economic development. |
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Gold prices drop, exchange rates surge after Tet holiday
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Tuesday, January 31,2012,20:23 (GMT+7) |
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HCMC – After the Lunar New Year holiday, the local market on Monday witnessed a strong fall in gold prices by VND1 million a tael compared to the prices quoted at gold shops two days earlier, while the U.S. dollar turned firmer against Vietnam dong. |
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