News

State Bank caps deposit interest rate at 14 percent

State Bank of Vietnam on September 28 issued a Circular to cap the maximum VND deposit interest rate in all credit institutions and foreign banks at 14 percent.

Prime rate to remain unchanged

The State Bank of Vietnam will keep the prime rate unchanged at eight percent at least through next month as part of the ongoing effort to help commercial banks lower lending interest rates.

London commercial property market vibrant thanks for foreign investment

London�s West End commercial property market is currently seeing a high level of activity, particularly from foreign investors, with several recent landmark sales in the office and retail markets.

Luxury property prices in Singapore expected to rise by up to 8%

Prices of luxury property in Singapore are set to rise between 5 and 8% due to solid economic fundamentals, strong cash holdings by Singaporeans and low interest rates, it is claimed.

Deposit interest rates expected to go down in the coming months

Commercial banks are still paying high rates at 11.5 percent per annum for dong deposits, but bankers said interest rates will go down in several months.