Banking and Finance

Gold markets become less attractive

Gold bars with well-known trademarks were bought at less than VND20.88 million per tael and sold for below VND20.92 million per tael on the morning of July 3, a drop of some VND20,000 per tael from the previous afternoon.

MoF set to re-calibrate its bonds after dud auctions duds

The Ministry of Finance may adjust plans to sell government bonds following a series of failed auctions since early this year.

High deposit interest rates not a concern

The highest VND deposit interest rate has officially exceeded the 10 percent per annum threshold. However, experts believe that high deposit interest rates should not be seen as a worrying thing.

Gold loses its shine

Domestic gold prices fell by VND130,000 a tael to below VND21 million, fetching VND800,000 a tael more than the global prices on June 13.

Banks get okay to lend against valuable paper

The State Bank of Viet Nam has loosened lending conditions against using commercial paper as collateral for loans, as well as issued a new regulation on loans guaranteed by the Viet Nam Development Bank.