Bond assoc mulls credit rating agency
Friday,  Oct 31,2014,15:06 (GMT+7)
HCMC – The Vietnam Bond Market Association (VBMA), which groups 54 banks, securities firms, insurers, fund managers, finance companies and law firms, is working on a plan to set up a credit rating agency (CRA).
Credit growth expected at 10% this year
Thursday,  Oct 30,2014,19:58 (GMT+7)
HCMC – Though the central bank cut deposit rates and adopted measures for monetary easing in an effort to spur credit growth, HSBC Bank projected local banks would obtain a credit growth rate of 10% this year.
Vietnam kicks off int’l bond sales
Thursday,  Oct 30,2014,18:02 (GMT+7)
HCMC – Vietnam has started to introduce its international bond issue program to investors through a roadshow that began on October 29.
Provincial debt worrying
Wednesday,  Oct 29,2014,19:23 (GMT+7)
HANOI – The overall picture of public debt looks gloomier following a just-released report of the central Government on debt owed by provincial governments, which has increased five times over the past four years.
Deposit rate cap falls
Wednesday,  Oct 29,2014,19:06 (GMT+7)
HCMC – The State Bank of Vietnam (SBV) has decided to revise down the deposit interest rate cap to 5.5% a year for tenors of less than six months, effective from on October 29, and ordered banks to also cut short-term lending rates to 7%.
Government bonds less attractive
Friday,  Oct 24,2014,15:43 (GMT+7)
HCMC – The State Treasury was unable to sell out VND5 trillion worth of government bonds at an auction on the Hanoi Stock Exchange (HNX) on Wednesday despite higher coupons.
Agricultural firms hard to access bank loans
Tuesday,  Oct 21,2014,16:59 (GMT+7)
HANOI – Agricultural enterprises have voiced a series of difficulties in accessing bank loans as apart from the challenges caused by the economic slowdown, they are facing more weather and market risks than those in other sectors.
City banks’ tax payments decline sharply in Jan-Oct
Monday,  Oct 20,2014,17:44 (GMT+7)
HCMC – The HCMC government has projected its budget collections between January and October to rise by 17% year-on-year to VND213 trillion but tax payments by banks and real estate companies are forecast to tumble in the period.
Stronger credit growth seen in Q4
Friday,  Oct 17,2014,09:27 (GMT+7)
HCMC – ANZ Bank in a recent macro-economic report projected that credit growth in the banking system in Vietnam would accelerate in the last quarter of this year.
Domestic gold prices surge
Friday,  Oct 17,2014,09:26 (GMT+7)
HCMC – Gold prices on the domestic market soared on October 16 in line with higher prices of the yellow metal on global markets.
G-bond sales forecast to hit new highs
Thursday,  Oct 16,2014,17:19 (GMT+7)
HCMC – Government bond sales by the State Treasury would reach new highs this year thanks to strong market demand.
Corporate borrowers still shun bank loans
Wednesday,  Oct 15,2014,18:21 (GMT+7)
HCMC - Local enterprises have still shied away from bank loans although lending rates have dropped to new lows over the past years.
Central bank will not revise up exchange rate
Tuesday,  Oct 7,2014,16:36 (GMT+7)
HCMC – Given the exchange rate increase in the past days triggered by rumors about the possibility of the central bank adjusting the price of the Vietnam dong, deputy governor Nguyen Thi Hong said the bank would keep the rate steady in the coming time.
Vietnam dong depreciates against greenback
Friday,  Oct 3,2014,16:07 (GMT+7)
HCMC – Vietnam dong continued to slightly fall against the U.S. dollar on October 2 after staying firm for a long time.
Dollar price barely rises despite high demand
Thursday,  Oct 2,2014,23:33 (GMT+7)
HCMC – Ample dollar liquidity at banks helps keep the greenback from surging although now is the time for high forex demand as traders boost imports and settle their bills with foreign suppliers.
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Giấy phép Báo điện tử số: 321/GP-BTTT, cấp ngày 26/10/2007
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