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Financial Markets

Financial Markets

PM asks SBV to lower loan interest rates

The Ky -
HCMC – Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV), the nation’s central bank, to slash interest rates, make...
Financial Markets

SBV sets new credit growth limits for banks

Dat Thanh -
HCMC – Eight commercial banks have received new credit growth quotas for this year, with seven of them entitled to lend less than last...
Financial Markets

PM wants rumors of banks selling debts checked

Dat Thanh -
HCMC – Prime Minister Pham Minh Chinh has written to the central bank governor asking her to verify rumors of commercial banks selling debts...
Financial Markets

Interbank interest rates rise

Dat Thanh -
HCMC – Vietnam’s interbank interest rates have edged up further due to the central bank’s net cash withdrawals from the banking system. The interbank rates...
Financial Markets

HCMC to hold meeting between banks and businesses this month

Dat Thanh -
HCMC – A conference connecting commercial banks and HCMC-based businesses is slated for February 28, said an official of the HCMC Branch of the...
Financial Markets

Ministry wants borrowing conditions eased for soft loan package

Dat Thanh -
HCMC – The Ministry of Planning and Investment has asked the central bank to ease borrowing conditions, streamline paperwork and help businesses cut borrowing...
Financial Markets

VCCI says rules needed for setting credit growth quotas

Dat Thanh -
HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) has proposed policymakers provide regulations for the setting of credit growth quotas. Article 59 of...
Financial Markets

Central bank withdraws money from market ahead of Fed meet

Dat Thanh -
HCMC – Vietnam’s central bank net withdrew over VND30 trillion from the market last week as the banking system saw surplus liquidity due to...
Financial Markets

More bond issuers face debt repayment woes

Dat Thanh -
HCMC – Many bond issuing companies are having difficulty settling debt as poor business conditions, tough access to credit and difficulties in raising funds...
Financial Markets

Derivatives trade plummets in January

Dat Thanh -
HCMC – The derivatives market remained gloomy in January, with the VN30 index futures contract trading volume and value slipping. Though the VN30 index registered...
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