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Update news bank loans
There has yet to be a definitive conclusion on the cause of mass fish deaths in the central region, but nonetheless, local residents whose diets rely on seafood and fishermen living along the coast from Ha Tinh to Thua Thien-Hue have been suffering.
VietNamNet Bridge – As of September, bad debt in the banking system had dropped to 2.9%, a steep fall from 17.43% recorded in the same month in 2012,
VietNamNet Bridge – More than 2,000 people have lived in limbo for nearly half a century because of a planned "park" in Hanoi's Hai Ba Trung District that never happened.
VietNamNet Bridge - Enterprises in industrial zones (IZs) say they cannot borrow money from banks because of provisions stipulated in the 2013 Land Law.
The State Bank of Vietnam (SBV) has succeeded with its macroeconomic management policies, international financial experts have said.
Tens of trillions of dong worth of corporate bonds have been issued recently by enterprises, mostly real estate development firms.
VietNamNet Bridge – A study by Nomura Research Institute (NRI) of Japan estimated the value of Viet Nam's property market at US$21 billion, a far cry from that of some of its neighbours.
VietNamNet Bridge – Bankers are reluctant to provide loans to seafood companies, which are in a vulnerable situation and may “explode”.
VietNamNet Bridge – Farmers bemoan they have not benefited from the nation’s one-million-ton rice stockpiling scheme for the winter-spring crop in 2013-2014 as prices are still edging down even though the scheme still has more than one week to go.
Motorshow 2013 to be launched in HCM City; Vietnam,Turkey aim for US$3 billion trade turnover by 2015; Farmers apprehensive before new sugarcane season
VietNamNet Bridge – The Government should boost public investment via government bond issuance to the major projects currently in financial distress, all for the sake of economic growth,
VietNamNet Bridge – Enterprises and individuals who intend to take out bank loans from the VND30-trillion package will have to wait as the list of borrowers and housing projects to be given the special loans has yet to be announced,
Accessing bank loans had never been an easy thing for small and medium enterprises (SMEs). However, things have become quite different -- banks have been trying to persuade SMEs to borrow money.
The State Bank of Vietnam (SBV) has been warned against the hastiness in regulating the money policy. Vietnam would have to pay a heavy price for the decision to slash interest rates at unreasonable moments.
The lending interest rates are on the decrease, which is hoped to help businesses more easily access bank loans. However, the efforts by the banks to slash interest rates would be useless if the bad debts suddenly increase.
The State Bank of Vietnam has slashed the ceiling deposit interest rates several times in an effort to reduce the loan interest rates and increase the amount of capital to be pumped into the national economy.
VietNamNet Bridge – The record big gap between the domestic and international gold prices has prompted speculators to import gold to sell domestically for profit.
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
Despite the successive interest rate reductions, the interest rates in Vietnam are still the highest in the region.
Commercial banks have quietly reduced the deposit interest rates because of the low demand for loans. Investors have been in a divided mind as to where to pour money to since all the investment channels remain unattractive.