Banking and Finance

Gold rebounds as dollar weakens

Gold prices in Vietnam rose VND30,000 a tael (1.2 ounces) on July 23 as global prices edged up.

Banks expected to face difficulties in second half after happy first half

The satisfactory profit commercial banks got in the first half of the year (H1) has made people think that banks will have an easy six months ahead. However, difficulties are predicted for banks in the second half of the year.

Bad debt ratio of banks creeping up

The State Bank of Vietnam has announced the bad debt ratio of the banking system at 2.52 percent of total outstanding loans, an increase of 0.35 percent over the end of 2008. Should this be worrying?

Government bond interest rates pushing market interest rates up

The recent unsuccessful Government bond bids were blamed on the fact that the interest rates set by the Ministry of Finance were lower than the market rates. However, experts are saying the contrary.

Gold gains as dollar drops

Gold climbed above VND21 million a tael, VND50,000 higher than last week, on July 20, as global gold prices opened the week on a rising trend.