Q1 remittances to HCMC hit US$1.2 billion
Friday,  Apr 17,2015,15:27 (GMT+7)
HCMC – Incoming remittances via HCMC-based banks were estimated to reach US$1.2 billion in the first quarter of 2015, rising by 12% from the same period last year, according to the central bank’s HCMC branch.
Foreign banks offer syndicated loan to VietinBank
Friday,  Apr 17,2015,15:17 (GMT+7)
HCMC – A consortium of three foreign banks led by Japan’s Bank of Tokyo-Mitsubishi UFJ (BTMU) yesterday signed an agreement to provide a syndicated loan of US$100 million to the Vietnam Bank for Industry and Trade (VietinBank) to help the domestic lender supplement credit funds.
G-bond sales dip to two-year low
Tuesday,  Apr 14,2015,21:28 (GMT+7)
HCMC – Government bond sales have remained sluggish this year, with the proceeds from a bond auction yesterday at a two-year low.
G-bond yields inch up
Friday,  Apr 10,2015,17:57 (GMT+7)
HCMC – The latest auction of Government bonds issued by the State Treasury has seen the winning coupons of 5-year and 15-year bonds up against the previous auctions.
Ministry says hard to raise capital from G-bonds
Thursday,  Apr 9,2015,21:12 (GMT+7)
HANOI – Deputy Minister of Finance Vu Thi Mai said it was difficult to mobilize capital from Government bonds sales to fund the State budget deficit in the first quarter of this year.
Firms prefer low-interest foreign loans
Thursday,  Apr 9,2015,20:12 (GMT+7)
HCMC – Although the interest rates for bank loans in Vietnam’s dong currency have edged down remarkably since 2014, enterprises in HCMC have still opted for foreign-currency loans overseas to enjoy even lower rates.
HSBC: OMO rate to drop to 4.5%
Friday,  Apr 3,2015,23:18 (GMT+7)
HCMC – HSBC Bank said there is room for another 50 basis points cut of the open market operations (OMO) rate to send it down to 4.5% as the real interest rate is at a record high at the moment.
Banks shun G-bonds
Friday,  Apr 3,2015,19:28 (GMT+7)
HCMC – Local banks have strongly reduced government bond purchases as the average winning coupon in last week’s bond auction plunged to only 15% on the primary market.
Foreign exchange rate approaches upper limit
Friday,  Apr 3,2015,00:21 (GMT+7)
HCMC – The exchange rate between the U.S. dollar and Vietnam dong has again risen strongly, almost touching the upper limit of VND21,672 per dollar, after several days of decline backed by the central bank’s forex rate stabilization stance.
Foreigners offload Vietnamese bonds, shares
Tuesday,  Mar 31,2015,21:15 (GMT+7)
HCMC – Foreigners net sold nearly VND1.7 trillion (over US$78.2 million) worth of government bonds last week, the highest level in four months, according to the Hanoi Stock Exchange (HNX).
BIDV picked for on-lending US$500 million power project
Monday,  Mar 30,2015,19:44 (GMT+7)
HANOI – The Ministry of Finance signed a contract in Hanoi last week allowing the Bank for Investment and Development of Vietnam (BIDV) to lend on to the transmission efficiency project (TEP) using a US$500 million loan from the World Bank (WB).
Firms borrow to pay social insurance
Friday,  Mar 27,2015,16:16 (GMT+7)
HCMC – Twenty enterprises in the northern province of Hai Duong have taken out loans totaling VND30 billion (US$1.4 million) from the Bank for Investment and Development of Vietnam (BIDV) to pay social insurance for their employees, according to BIDV’s Hai Duong branch.
Two bankers eye seats on Eximbank board
Friday,  Mar 27,2015,16:15 (GMT+7)
HCMC – Two former leaders of NamA Bank, Tran Ngo Phuc Vu and Tran Ngoc Tam, now represent this bank’s share holdings at the Vietnam Bank for Export and Import (Eximbank) and are expected to run for board membership at Eximbank’s upcoming general meeting.
SBV says to prioritize forex rate stability
Friday,  Mar 27,2015,00:37 (GMT+7)
HCMC – The State Bank of Vietnam (SBV) said on March 25 it would continue to ensure the stability of the exchange rate between the local dong and the U.S. dollar in the wake of volatility on the forex market.
Exchange rate close to upper limit
Wednesday,  Mar 25,2015,20:39 (GMT+7)
HCMC – Local banks on March 24 continued devaluing the Vietnam dong currency against the greenback, leading the exchange rate to get closer to the ceiling set by the central bank and sparking hearsay of a possible exchange rate adjustment.
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Giấy phép Báo điện tử số: 321/GP-BTTT, cấp ngày 26/10/2007
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