Banking and Finance

Banks predict credit growth will quicken

Credit growth at commercial banks is expected to grow more quickly during the final months of the year, according to experts.

Deposits skip around from bank to bank

Depositors, especially businesses with large sums, have gained the initiative in bargaining for interest rates, leaving commercial banks at the mercy of short-term depositors who are here today, gone tomorrow.

Central bank likely okays negotiated lending rate soon

Central bank Governor Nguyen Van Giau met with bankers in Hanoi and HCMC last week to collect their ideas on how to apply negotiated lending rates to short-term loans before officially launching this policy.

As lending interest reaches new heights, some firms borrow from employees

Not quite a month since the State Bank freed banks to charge a negotiated rate on medium and short term lending, those rates have risen to the 18-20 percent per annum range.

Land prices smash records in Beijing property frenzy

Two land sales in Beijing have shattered price records and both buyers were state-owned companies, sparking outrage and astonishment at the city's frothy property market.