Banking and Finance

Negotiation-based interest rates to be applied to medium and long term loans

The State Bank of Vietnam is set to launch a document allowing commercial banks to apply negotiation-based lending interest rates for medium and long term loans instead of the basic interest rate scheme.

Low prime rate adds to bank liquidity woes

The central bank�s decision not to increase the prime rate has posed a challenge to commercial banks already struggling to attract capital.

Foreign currency and real estate markets in 2009

Vietnam�s gold, foreign currency and real estate market experienced many fluctuations in 2009. However, under the flexible management and control of the Government, these fluctuations did not reflect badly on the national economy.

State owned banks limited to deposit interest rate no higher than 10.5%

State owned commercial banks have come to an agreement that deposit interest rates will not be higher than 10.5 percent, a move hoped to help prevent a new interest rate race.

New Zealand house values up 1pc in last year: QV

House values rose 1 per cent in the 12 months ended November 30, up from a 0.20 per cent gain in the period through October, according to QV Valuations.