Underperforming lenders are not allowed to expand as the central bank aims to make the financial sector stronger
But borrowing costs in Vietnam remain way higher than in other Southeast Asian countries
For the first time since 2014, dong deposit rates have exceeded 8 percent
The move is unlikely to help ease the dong/dollar rate, an analyst said
"The Fed's action brings an end to the lift-off uncertainty," said Amando Tetangco, the governor of the Philippine...
Borrowing costs stay between 7 and 12 percent even though inflation hovers below 1 percent
New survey finds many lenders optimistic about bad debt, profit
Corporate deposits are no longer given any interest, but officials say that will not trigger a runoff
Banks, however, seem to be in a race for even higher rates as real estate companies increase borrowing
Loans are set to grow 13-15 percent this year
Fed Chair Janet Yellen says U.S. interest rates could increase as the economy improves, but doesn't specify as to...
The highest one-month deposit rate is now 5 percent
The central bank also hopes to take the bad debt ratio to under 3 percent.