Vietnam Bank News

Vietnam Bank Directory

Trade BCHUSD, Bitcoin and Cryptocurrencies

BUY & SELL BCHUSD | View BCHUSD News & Updates

Buy Sell BCHUSD, Bitcoin and Cryptocurrencies

Banking News & Financial Services News
Get the latest banking news headlines from Find in-depth Vietnam coverage from banking, investing, financial, stock market, and more abou Vietnam banking system, bank for industry and trade, Vietnam banking sector.

Central bank keeps 12 percent base rate unchanged   2008-06-03 - TN, Bloomberg

Vietnam’s central bank said Monday it was keeping unchanged the base rate used for banks to calculate their own rates on dong deposits and lending at 12 percent.



The central bank imposed the base rate on May 19 and said banks can fix their own rates for deposits and lending at up to 150 percent of the base rate.

The rate would be set each month but the central bank said it could also change when necessary.

Earlier it applied a base rate of 8.75 percent only for lending.

“At the start of June there has been no change yet,” Deputy Governor Nguyen Dong Tien told Reuters on the sidelines of a business forum.

Since May 19 banks have mostly been offering dong deposits at up to 15 percent.

Last Friday Ho Chi Minh City-based Saigon Commercial Bank said it now paid 16 percent for dong deposits.

Interbank lending ranged between 13-18 percent while banks charge their clients at 20 percent or more, saying they have to add a fee to help maintain normal banking operations.

Other Banking News

Vietcombank bonds buck sluggish market   2008-06-03

How many banks are enough for Vietnam?   2008-06-02

Proposed ATM fees unwelcome   2008-06-02

Banks cut loans for shares as market drops   2008-06-01

Bank Directory

Little impact from ‘technical error’   2008-06-01

Bank warns of looming dong dilemma   2008-05-30

Snafu halts HCMC stock exchange   2008-05-28

Vietnam banks more cautious, HSBC country head says   2008-05-27

ANZ named best retail bank in Vietnam   2008-05-27

Banks, borrowers struggle with tighter credit   2008-05-27

Banks set up shared ATM service   2008-05-25

HSBC links ATM networks with Vietnamese bank   2008-05-23

Restrain credit growth, but do it step by step: WB   2008-05-23

HSBC links ATM networks with Vietnamese bank   2008-05-23