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Finance & Banking

Last updated: Tuesday, May 21, 2013

 

Kien Giang Banking System: Positive Support for Provincial Socio-economic Development


Posted: 5/21/2013 5:39:15 PM

In 2012, despite the downturn of the world and domestic economies posing challenges to the banking system, high inflation rates and macroeconomic instability, the banking industry of Kien Giang, along with other provinces' banking systems......


Vietcombank Kien Giang Accompanying Local Enterprises


Posted: 5/21/2013 5:38:26 PM

Well exploiting the advantages of Kien Giang province, offering many services, effectively supporting customers, Vietcombank Kien Giang is not only stable and developing, but also contributing to Kien Giang’s socio-economic development......


Vinh Thanh Van People’s Credit Fund: Persistent in Community Support Target


Posted: 5/21/2013 5:37:40 PM

Vinh Thanh Van People’s Credit Fund (PCF) is one of first established PCFs in Kien Giang province. Despite difficulties in its early period, with the efforts of its board of directors and employees......


Interest Rate and Credit Growth


Posted: 5/21/2013 5:21:03 PM

Vietnamese banks reported credit growth at just 1.4 percent as of the end of April, 2013. This was the lowest year on year growth, when the target for 2013 is set at 12 percent......


Adjusting Loan Interests to a Lower Rate


Posted: 5/16/2013 5:23:46 PM

The State Bank of Vietnam (SBV) has announced cuts in the refinancing rate from 8 percent to 7 percent per year; the discount rate from 6 percent to 5 percent per year; and the interest rate for overnight loans from 9 percent to 8 percent per year......


 





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