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Friday, 12/8/2022
Vietnamese Edition

Thanh Nien News

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Vietnam banks see 2016 credit growth up 20.4 pct on year: central bank

Vietnam banks see 2016 credit growth up 20.4 pct on year: central bank

  Vietnamese banks expect deposits in the dong currency to grow, but expect a decline in foreign currency deposits

A bank employee counts Vietnamese dong bills at a bank in Vietnam. Photo: Reuters

Interest rate race has Vietnamese businesses on edge

For the first time since 2014, dong deposit rates have exceeded 8 percent

ECB cuts deposit rate to minus 0.3%

ECB cuts deposit rate to minus 0.3%

 

Safety deposit vault raided in London

Safety deposit vault raided in London

 

A Sacombank teller in Hanoi. Photo: Ngoc Thang

Vietnam banks cut interest rates, carefully

Major banks say they've agreed to take a hit by cutting interest rates for struggling businesses, but economists say there...

The reduction of the deposit cap will spur spending and cause banks to lower lending rates, HSBC said. (Photo: Dao Ngoc Thach)

Credit to expand 10 pct in 2014: HSBC

Credit growth in Vietnam is expected to accelerate towards year-end amid deposit rate cap reduction, but the expansion rate will be...

A PetroVietnam drill rig. The state-owned group is facilitating exploitation of gas at the newly-discovered deposit. Photo credit: PetroVietnam

Vietnam’s largest gas deposit discovered off central coast

Vietnam Oil and Gas Group (PetroVietnam) has discovered a major gas deposit off the country's central coast, the company's...

An employee at an Asia Commercial Bank branch in Hanoi inspects bricks of dong notes. The central bank says lenders are stable enough to lower interest rates. Photo: Hoang Dinh Nam/AFP

Vietnam's central bank calls for cheaper loans, again

The State Bank of Vietnam (SBV) has called for further interest rate cuts on both new and old loans, citing a...

A HDBank teller watches as a customer counts packs of dong notes in Ho Chi Minh City. Photo: Dao Ngoc Thach

Vietnam's economists urge banks to cut interest closer to deposit rate

Following healthy profits and sagging credit growth in the first half of the year, economists said Vietnam's banks should narrow...

Billboards offering the sale of apartments outside unfinished residential buildings on the outskirts of Hanoi. Vietnam finance supervising commission has reported little growth at construction sector this year, intepreting that as property market turmoil

Vietnam's financial watchdog warns of economic stagnation

Vietnam's financial watchdog has warned that the local economy is grinding to a standstill, with more people making bank deposits...

Four ACB executives taken into custody pending trial

Four ACB executives taken into custody pending trial

Four former Asia Commercial Bank (ACB) executives who were allegedly involved in the institution's illicit deposit of nearly VND719 billion (US$34 million...

Vietnam banks shrug off cut in deposit interest rate cap

Vietnam banks shrug off cut in deposit interest rate cap

The central bank’s recent cut in the deposit interest-rate cap is unlikely to have much of an impact on...

Vietnam banks lower deposit rate as credit drops

Vietnam banks lower deposit rate as credit drops

More money is coming into banks than out of them, with credit dropping 1.66 percent from late 2013, pushing deposit interest...
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Hashtag #Vietnam: The week's best photos

Hashtag #Vietnam: The week's best photos

Here are 10 of the most memorable snapshots on Instagram this week
  • Hue plans audio guides, free Wi-Fi for tourists
  • U.S. regulator tells air passengers not to turn on Galaxy Note 7 phones

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Opinion

A foreigner studying a housing project in Ho Chi Minh City. Photo: Dinh Son

Vietnam property market: to buy or not to buy?

  The new legislation played a major role in addressing many issues that foreigners previously faced and made Vietnam property market “sexy” again
  • What the West got wrong after 9/11
  • The case for an ASEAN living wage
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