Banking and Finance
Banks asked to lend less until next year
Vietnam’s central bank has told commercial banks to reduce lending in the remaining months of the year as many banks have already posted high credit growth rates.
Maritime Bank, property developers sign major credit deals
The Hanoi-based Maritime Bank signed this week two credit agreements to provide VND1,450 billion for two companies to develop property and industrial projects in Ho Chi Minh City and neighboring Binh Duong Province.
Gold treads water as it waits for FED’s decision
Gold price in Vietnam was poised above VND22.2 million a tael (1.2 ounces) on September 22 as global investors’ heavy buying pulled the metal back to above US$1,000 an ounce.
Rate race still on as banks ignore stability pact
Commercial banks in Vietnam continue to raise deposit interest rates to attract more funds despite an industry agreement in September to keep rates stable for the remaining months of the year.
Nearly US$72 million for banking modernisation proje
A seminar was held in Hanoi on September 22-23 to discuss a World Bank sponsored project for management information system and banking modernisation.