Banking and Finance

Gold breaches VND20 mln mark again

Gold prices went back above VND20 million (US$1,122) a tael Thursday following an overnight increase in international prices.

US$ bonds will stabilize market: expert

After selling US $100 million worth of bonds on March 20, the Ministry of Finance continues to auction US$200 million worth of Government bonds on March 24 and 27. Associate Professor Dr. Tran Hoang Ngan, Member of the National Advisory Council for Monetary Policies talked about the bond issuance.

Central bank keeps base rate unchanged at 7 percent

The benchmark interest rate will stay unchanged at 7 percent and the refinancing and discount rates will also remain at 8 percent and 6 percent respectively, according to the State Bank of Vietnam.

Gold still shines for investors

Many companies and investors with idle money find a headache in the question: what is an effective investment channel amid the crisis? In the basket of gold, dollar, securities, real estate, oil and others, some investors and traders choose gold as a safe refuge.

Governor denies loan subsidy abuse

Commercial banks had made nearly VND152 trillion (US$8.69 billion) in subsidized-interest loans by last Friday as part of the Government's economic stimulus plan, but rumours were flying that many borrowers were seeking the loans only to refinance existing loans at higher interest rates.