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Update news deposit interest rate
Some commercial banks have raised deposit interest rates following an 8-year inflation rate high in February. Analysts believe a new interest rate floor will be set in the second quarter.
Real estate firms are seeking new sources of capital as commercial banks have tightened lending.
VietNamNet Bridge - Investors successfully bought 5-year government bonds at a 3.45 interest rate at a bid organized on July 11 at the Hanoi Stock Exchange (HNX).
VietNamNet Bridge - While the state treasury has plenty of money, the national economy still thirsts for capital.
VietNamNet Bridge - The government’s efforts to slash lending interest rates to make it easier for businesses to access bank loans may have been in vain as banks have begun raising deposit interest rates.
VietNamNet Bridge - In theory, every 1 percent dong devaluation would lead to a 0.2 percent increase in the inflation rate.
VietNamNet Bridge – Bank loan interest rates decreased sharply in 2014, but are expected to rise in 2015.
VietNamNet Bridge – The State Bank of Viet Nam plans to maintain the current deposit interest-rate cap to ensure stability on the market. However, many domestic enterprises want the central bank to set a cap on the lending interest rate
VietNamNet Bridge – The central bank's move last week to cut the dong interest rate cap from 1-month to 12-month terms by 0.5 per cent to 7.5 per cent per annum has caused economists to wonder
The State Bank of Vietnam has reported that the bad debt ratio has decreased sharply by 2.82 percent to six percent. However, analysts have looked dubiously at the figure