Gold deposit rates have been rising since early September, hitting the highest rate of 2.5% per year, as banks are struggling with a lack of gold liquidity. Saigon Commercial Bank (SCB) quotes its gold deposit rate at 1.4% a year. However, clients calling to a branch in HCMC are offered a rate of 2.5% for one-month deposits of over 20 taels, provided that they will not withdraw their gold before... 

Commercial banks, especially the small ones, are gearing up to mobilize capital from the public in order to ensure their liquidity in the last months of the year. Businesses are now entering the sprint race to foster the production and boost sales in order to fulfill the yearly business plans. Therefore, it is now the time when they withdraw money from banks to put into production to realize profits. Commercial... 

Surging inflation and liquidity problems in the banking system are the two most worrisome macro-economic risks that the Government needs to handle in the rest of the year, said the National Financial Supervisory Commission. In a report, which was used as a reference at the recent Government meeting on the January-September economic performance, the commission called for prudence in management of prices... 

Capital mobilization has turned active this month with many banks launching promotional programs and offering high interest rates to lure depositors in a move aimed at securing liquidity. Asia Commercial Bank (ACB) since September 12 has launched a program to offer a deposit rate of up to 13% per annum for the 13-month term. Meanwhile, Vietnam Export Import Commercial Bank (Eximbank) has also raised... 

The State Bank of Vietnam (SBV) continued on Tuesday pumping nearly VND2.4 trillion into the banking system via open market operations (OMO) after a VND3.5 trillion injection via a tender on Monday, according to local banks. The central bank maintained the interest rate at 8% per annum for the seven-day tenor on the open market. However, SBV from now to the end of this week has to withdraw over VND23... 

Standard & Poor’s, or S&P, has maintained long-term corporate credit rating on Hoang Anh Gia Lai Joint Stock Company (HAGL) at B-, predicting that liquidity of the property developer will remain weak in the near future. According to U.S-based S&P, the rating reflects that HAGL now has low liquidity and is affected by economic and legal risks in Vietnam, Laos and Cambodia. The rating... 

Several banks have continued to raise the interest rates for long-term deposits, chasing it up to 12% per year, after the State Bank of Vietnam has agreed to remove the rate cap for over-12-month deposits. The 36-month deposit rate at Asia Commercial Bank (ACB) has increased to 12% from the posted rate of 9% last Saturday. Besides, with terms of over 12 months, the rate ranges between 10.5% and 11.5%... 

Only when liquidity problems at commercial banks are tackled, sky-high interest rates could be cut to make life easier for borrowers, said Le Xuan Nghia, vice chairman of the National Financial Supervisory Commission. In the year to date, inflation in the nation has been low, with a rise of just 2.37% from late last year compared to an increase of 3.35% in the same period last year. Nghia said... 

The local market on Tuesday pulled back after a strong rally in recent days as investors locked in some gains, pushing liquidity to fresh highs in as many months. The VN-Index lost 6.19 points, or 1.44%, against the day earlier to close at 422.22. The market opened in the black and moved higher before dropping back into the red. Having fluctuated below the line for some time, it fell rather sharply... 

The most worrying problem for the Vietnam’s national economy in the near future is not the high inflation, but the weak bank liquidity. Therefore, in order to stabilize the macro economy, it is necessary to improve the liquidity. High inflation no more a worry The inflation rate in Vietnam in 2011 reached 18 percent, the second highest level in the world. The high inflation has overshadowed the signals...