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Dollar firmer as central bank hikes prices
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Wednesday, Jun 21,2017,22:29 (GMT+7) |
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HCMC – The U.S. dollar strongly appreciated against the domestic currency on June 20 as the State Bank of Vietnam raised the dollar buying price and the reference exchange rate. |
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Depositors’ insurance payout raised to VND75 million
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Wednesday, Jun 21,2017,22:29 (GMT+7) |
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HCMC – If a credit institution is declared bankrupt, the maximum insurance payable to a depositor for all deposits at an insured organization will be VND75 million (around US$3,300) from the current VND50 million under a new rule effective from August 5. |
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Greenback changes little despite Fed rate hike
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Friday, Jun 16,2017,23:33 (GMT+7) |
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HCMC – Although the U.S. Federal Reserve (Fed) raised rates by 25 basis points, the Vietnam dong-U.S. dollar exchange rate saw little change, with the greenback firmer against the domestic currency before quickly stabilizing given supportive macro factors. |
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Capital cost ebbs to three-month low
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Wednesday, May 31,2017,00:10 (GMT+7) |
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HANOI – The capital cost on the primary monetary market has ebbed to the lowest level in three months, at below 3.6% a year for interbank offers in Vietnam dong of all short tenors. |
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SBV says interest rates now reasonable
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Thursday, May 18,2017,22:04 (GMT+7) |
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HANOI - Interest rates of 6-11% per year for Vietnam dong loans and 3-4% for those in foreign currency are reasonable, according to the State Bank of Vietnam (SBV). |
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Expanding trade deficit puts pressure on forex rate
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Monday, May 15,2017,23:34 (GMT+7) |
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HCMC - The widening trade deficit has pushed up the demand for U.S. dollars, thus piling huge pressure on the foreign exchange rate, says a report in Lao Dong newspaper. |
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VND66 trillion G-bond sale plan set for Q2
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Wednesday, May 3,2017,22:55 (GMT+7) |
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HCMC - A minimum of VND66 trillion is the volume of government bonds to be offered by the State Treasury under the Ministry of Finance this quarter. |
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Consumer lending market has much room for growth
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Friday, Apr 28,2017,00:26 (GMT+7) |
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HANOI – The consumer finance market still has much room for growth in Vietnam in the coming time, according to a study of the Institute of Business Administration under the University of Economics and Business. |
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Banks want higher ATM transaction fees
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Wednesday, Apr 26,2017,21:33 (GMT+7) |
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HCMC - A number of commercial banks have asked the State Bank of Vietnam for permission to raise the charge on ATM transactions to cover part of ATM operating costs, Nguoi Lao Dong newspaper reports. |
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Medium-term debt management program okayed
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Tuesday, Apr 25,2017,23:07 (GMT+7) |
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HCMC - Prime Minister Nguyen Xuan Phuc has approved the medium-term debt management program for 2016-2018 with a target to harness public debt at no more than 65% of GDP, of which government debt should not exceed 54% of GDP and national foreign debt is no higher than 50%, the Government news website reports. |
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Many banks do not pay dividends
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Tuesday, Apr 25,2017,20:48 (GMT+7) |
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HCMC - Under pressure from new capital injections and further restructuring, many banks have decided not to pay dividends for shareholders, says Nguoi Lao Dong newspaper. |
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First finance leasing JV licensed in Vietnam
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Thursday, Apr 20,2017,00:09 (GMT+7) |
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HCMC - The State Bank of Vietnam (SBV) last week issued a license for BIDV - SuMi TRUST Financial Leasing Company (BSL), the country’s first Vietnam-foreign finance leasing joint venture. |
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