Banking and Finance
Central bank tries to stop commercial banks’ interest rate race
Governor of the State Bank of Vietnam Nguyen Van Giau says commercial banks must remain cautious over lending.
Banks offer deals to attract deposits
Numerous banks are offering certificates of deposit and promotions to absorb idle money.
State Bank says no to negotiable-interest loans
The Sate Bank of Vietnam had told credit organizations not to release negotiable-interest loans to customers investing in real estate and financial assets like gold, foreign currencies and stocks.
Stable basic interest rate predicted
Lao Dong reports that economic experts predict that the basic interest rate is not likely to be raised prior to the third quarter of 2010.
Banks still trying to lure more capital
Commercial banks are continuing to raise deposit interest rates in order to lure more capital to meet demands for loans which always increase towards the year end.