The State Bank of Vietnam (SBV) has reduced key interest rates by one percentage point while deposit rates for tenors less than 12 months remain at 7.5% per annum. The refinancing rate, discounted rate, and overnight rate for electronic inter-bank transactions has been cut by one percentage point to 7%, 5% and 8% per annum respectively. In Circular No. 10/2013/TT-NHNN issued last Friday, SBV also... 

Importers and exporters have urged the State Bank of Vietnam to slash the dollar interest rates further to 5 percent per annum. A senior executive of the central bank once promised to find the way to force the rates to 4-5 percent. A report of the State Bank of Vietnam showed that since late January, the mobilized capital has increased again. By April 23, the deposits had increased by 5.34 percent... 

Government bond yields have kept falling on the primary and secondary market over the past week as banks with a cash surplus have sharply increased bond buying. The government bond market turned active on Tuesday. Bond yields on the secondary market continued to drop by five to 10 basis points, standing at around 8-8.05%, 8.25-8.3% and 9% per annum for two, three and five-year terms respectively. Last... 

Banks’ earning profiles in 2012 considerably changed from the previous year, with a significant drop in profits from credit operations and a greater share in service incomes, said a senior source from a big bank. Several banks have obtained data on performances of their parent banks in 2012. In terms of profits, banks can be classified into three groups. The first group consists of those with relatively... 

Lending rates may fall in the current macroeconomic context, but it is unlikely they will steeply drop to 5-8% as desired, heard a forum on challenges and opportunities for businesses in 2013 held in HCMC last Saturday. An entrepreneur from the Binh Dinh Businessmen Club in HCMC posed a question as to why lending rates in Vietnam cannot be lowered to 2-3% as in the U.S. or other Western countries.... 

Local banks on Monday cut interest rates of short term deposits by one percentage point while leaving the long term rates unchanged. Interest rates for terms of less than 12 months have fallen from 9% to the highest level of 7.8% annually at Asia Commercial Bank, while other lenders such as Vietcombank, VietinBank and Eximbank have quoted deposit rates of one to nine months at the highest 8% a year. Meanwhile,... 

HCMC – Prime Minister Nguyen Tan Dung at a conference on removing the problems of the real estate market held in HCMC on Tuesday said the central bank would lower interest rates in the next few days. The key condition for interest rate reductions is decelerating inflation. “The Ministry of Planning and Investment has estimated a consumer price index (CPI) increase of less than 0.5% this month,... 

Vietnam’s one-year bonds rose, with the yield dropping by the most since July, on speculation banks stepped up purchases as they expect an interest-rate cut before the end of the year. The dong was little changed. The State Bank of Vietnam said Dec. 10 that it wants to lower borrowing costs as macroeconomic conditions allow. The central bank has reduced its refinancing rate to 10 percent from 15... 

The government is considering slashing the lending interest rate to 10 percent in an effort to rescue businesses which have been thirsty for capital. However, this has not been welcomed by commercial banks, which say they would not make profits with the interest rates. Offering preferences, but in dribs and drabs Though it is now the high year-end production season, banks still have been reluctant... 

The National Financial Supervisory Commission proposed the Government lower the ceiling deposit rate and the base rate by one percentage point against the current rates. In addition, the commission suggested the lending rate cap should not exceed 150% of the base rate. These proposals were given in the documents for the Government meeting last week. Favorable factors to reduce interest rates, including...