The move by some big bankers to slash interest rates has raised big worries to smaller bankers, who fear that the “dumping” in the monetary market would prompt people to unanimously withdraw money from banks to buy dollars, gold or pour into stocks.

The dollar price increases have put businesses on tenterhooks, though it is now just the third quarter of the year, while they would only need more dollars in the fourth quarter to make payment for the imports.

 Inquiry launched into tax-free car scam; Inquiry launched into tax-free car scam; Snail-paced projects revoked in Quang Ngai; Firms told not to rely on banks; Banks push bad debt reforms

 VietNamNet Bridge – While hiding himself from guards in a bank, a thief overslept and was arrested.

 Highway 1 expansion projects begin; Realty firms say rules forced them to build large condos; Latest export, import performances unveiled; Computer market bounces back: IDC

 VietNamNet Bridge – Despite the current big difficulties, commercial banks still have been implementing their plans to build new offices which cost tens of trillions of dong.

 The yen fell sharply against other major currencies Monday ahead of the end of a two-day meeting of the Bank of Japan.

 Vietnamese banks’ outstanding loans rise 4.75%; US$1bn target for fruit and vegetable exports within reach; Vietnam considers anti-dumping investigation into imported steel; FTA opens doors for garment industry in Vietnam

 Banks with non-performing loan ratios of 3 per cent or more will have to sell the loans to the Viet Nam Asset Management Company, a new group due to officially begin operations on July 9 this year.

 Restructured Viettel to concentrate on core business; SME owners determined to succeed; Moody's rating for VietinBank ‘stable'; Vinacomin clarifies tax confusion

 VietNamNet Bridge – The State Bank of Viet Nam denied speculation last week that it was preparing to adjust the exchange rate.

Cruise tourism to get popular in coming years; FTA talks may bring GI assistance; VN slaps extra duty on veggie oil imports; Stanchart: SBV to cut rates further; Banks announce reduction in executive pay

Russian firm approved for a car and bus plant; Talks on FTA with EU hit snags; Highway to project completion; Supporting industry needs to muscle up; $7bn power plan faces short circuiting

 Double textile export to U.S. in sight; Firms seek diversification for tra fish exports; Rice prices fall despite successful bid for export; HCM City calls for investments into Thu Thiem

Japan to fortify supporting industries; Rental housing sector to fire up; Ha Noi to open 1,400 hotel rooms; Garment exports grow 32%; Small wood processors face shortage of capital

Weak banks would be put under the special control, forced to merge to others or go bankrupt if necessary.

Businesses in frenzy to complete orders for Tet; Overseas remittances pour into real estatel; State-owned firms under public scrutiny; Shrimp export up five-fold in Bac Lieu

 New tactic employed for tackling unsold apartments; Textile industry to earn 20 billion USD early; Vietnam to develop credit information database; Ministry activates fuel price stabilisation fund

SBV says will resort to compulsory reserve ratio; Positive signals for farm produce exports; Cai Mep-Thi Vai international ports inaugurated; January's industrial production index falls; Japan leads Vietnam’s January FDI investors

Imports undercut sugar mills; CEO confidence in growth down; Tourism sector works out development plan to 2020; State firms increase investment for development; Banks look to cash in on higher credit growth; Seafood processor kicks off M&A season