Low inflation in April has provided a good chance for the State Bank of Vietnam (SBV) to lower annual deposit interest rates to 7 percent and loan rates to 10 percent.
As usual, the 9th China-ASEAN Expo was held in Nanning, Guangxi, China from the 21st to the 25th of September, 2012. The CAEXPO gathered approximately one hundred Vietnamese companies to join in to introduce Vietnamese products, brand name and Vietnam’s image as well to China-ASEAN free trade area and international market.
Just like last year, MHB and Western Union are again organizing the “Receive money – Lucky Draw” sweepstakes. The promotion is open from 1/12/2011 until 31/01/2012 and carries the following terms:
Since becoming an agent of Western Union (01 April 2010), MHB’s International Banking Department and Western Union Vietnam held two training course for the entire MHB teller in order to improve customer service quality and increase Western Union transaction volume.
After 12 years of establishment and development (1998 -2010) MHB have made massive progresses include expanding network up to 220 POS (Point of Sale) nationwide with customers’ service hotline, 3 million dollar investment for management software.
The State Bank of Vietnam on Friday ordered local commercial banks to follow strictly the schedule to raise their capital and meet the higher requirements set by the government.
Vietnam expects to attract further investment from Spain in energy sector as well as in infrastructure projects that require a large amount of capital, according to an official from the Ministry of Planning and Investment.
Vietnam should loosen its monetary policy and lower interest rates to encourage domestic production to curb rising inflation, an academic has suggested, dismissing fears it could actually stoke inflation.
Interest rates in Vietnam soared over the past week after the central bank signaled tighter monetary policy to curb inflation and stabilize the foreign exchange market.
The Asian Development Bank (ADB) on Monday approved a US$108 million assistance package to upgrade rural roads and irrigation systems in some of Vietnam’s poorest areas.
Many commented that the replacement of the current 14-day period by seven day terms might be a signal of the State Bank of Vietnam (SBV) to tighten the monetary policy on the market. With these comments, it can be believed that the State Bank has reduced its financial support in the longer term (14 days) to make replacement of the short term (7 days).
Vietnam's central bank has granted licences to several firms to import gold with quotas of 200-300 kilogram each, a state-run news website reported on Thursday. The licences were issued on Thursday afternoon and are valid through October 12, according to the report on Vneconomy.vn, the online version of the Vietnam Economic Times.
After a strong fall in the previous session, the Vietnam's stock market today rallied on both bourses Hochiminh Stock Exchange (STC) and Hanoi Stock Exchange (HNX).
(10/05/2013)
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