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Thursday, February 09, 2012 10:18:39 PM - Markets closed
VN-INDEX 411.39 +1.86/+0.45%
HNX-INDEX 63.82 +0.08/+0.13%
UPCOM-INDEX 34.97 +0.22/+0.63%
Interest rates for dong depositors stand still
Intellasia | Lao Dong Online - 9/10/2010 1:15:00 PM
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In comparison with the interest rates for depositors and borrowers in dong in July, the interest rates in August showed less difference.

According to the State Bank of Vietnam (SBV)'s announcement released on Sep 8, the interest rates in dong retained at high level of 10.6-11.2 percent per year. The lending rates in dong showed no fluctuation, in which the average lending rates for short-term loans stood at 12-12.5 percent per year for state-owned commercial banks and 12.5-13.5 percent per year for commercial joint stock banks, and at 13-15 percent for other business loans.

The State Bank also revealed that the lenders for purposes of trading stock would suffer the highest lending rates in dong at 16-20 percent per year. Therefore, the total outstanding deposit of customers in credit institutions by the end of August was estimated to increase by 17.75 percent and credit growth in national economy up 16.27 percent in comparison with late 2009. In 2010, Vietnam's credit growth rate was expected to reach 25 percent.
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13:33 VDB's nineteen branches stopped from joining interbank payment system
11:40 Vietnam central bank should resolve liquidity of banking system in Q1
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10/09 Slow credit growth may hurt profits of banks
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10/09 Vietnam Hits Back at IMF Criticism
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10/09 Vietnam 2010 Fiscal Deficit Likely Below 6% of GDP
10/09 Petrovietnam, foreign banks sign derivatives deals
09/09 Banks send mixed signals on forex
09/09 SBV releases credit growth data
09/09 Gold makes correction after climbing to all-time high
09/09 Lending in US dollar surpasses dong
 
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