Banking and Finance

Early debt payment giving banks headaches

A lot of borrowers are accepting fines to be able to pay debts off early due to high interest rates. Meanwhile, commercial banks are not at all pleased by this.

Bank share prices surge on high Ql earnings

Bank shares prices have been going up on the Hanoi and Ho Chi Minh City bourses as well as the over-the-counter (OTC) market, backed by sound first quarter results.

Government eases conditions for credit guarantee

Regulations on credit guarantee for businesses have been loosened to create better conditions for businesses to access bank loans, according to a new decision issued by the Prime Minister.

Gold price rises

Gold price increased by VND90,000 a tael (1.3 ounces) on April 14 , selling at VND19.7 million (US$1126) a tael at the Sai Gon Jewelry (PNJ), Phu Nhuan Jewelry and Dong A Bank, and Sacombank Jewelry.

HCMC banks promote lending against shares as market rises

The recent recovery of the local securities market has encouraged many commercial banks in HCM City to advance loans against share certificates for investment in the stock market.