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DailyMarkets.com - Wall Street Treks Higher As Jobless Claims Decline |
Wall Street Treks Higher As Jobless Claims Decline Posted: 02 May 2013 08:02 AM PDT 05/02/13 US equities advanced as weekly jobless claims fell more-than-expected. Earnings from GM, Fcaebook and Yelp added to the positive … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards |
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The Business Times: Insurance firms invest over 105tr dong in economy | ![]() |
Insurance firms invest over 105tr dong in economy Posted: 30 Dec 2013 07:40 PM PST Insurance Supervision and Management Department under the Ministry of Finance (MoF) has lately reported the insurance market has 59 active firms in 2013…. The total insurance premium of the whole market is estimated at 45.12 trillion dong in 2013, rising 9.1 percent from last year. The total investment capital to the economy poured by insurers […] The post Insurance firms invest over 105tr dong in economy appeared first on Vietnam Business News. |
Investment in bond can decrease in the first week of 2014 Posted: 30 Dec 2013 07:25 PM PST During the week of December 23-27 2013, G-bond primary market held two auctions of Vietnam Bank for Social Policies (VBSP) and the State Treasury. Specifically, on December 27 2013, the State Treasury successfully raised over 4.626 trillion dong out of over 6 trillion dong of bid call volumes. Of which, winning bidding volume of three-year […] The post Investment in bond can decrease in the first week of 2014 appeared first on Vietnam Business News. |
Dec 31: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate up Posted: 30 Dec 2013 07:24 PM PST Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Tuesday, unchanged for 6 months. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,246. Today, commercial banks raised dollar prices, offering at […] The post Dec 31: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate up appeared first on Vietnam Business News. |
State budget collections surpass 0.33% target by dec 30: PM Posted: 30 Dec 2013 07:24 PM PST Vietnam's State budget collection is estimated to surpass 0.33% target by today, December 30, 2013, the Prime Minister Nguyen Tan Dung said, citing data he received from the Ministry of Finance (MoF) and localities. The exceeding is expected to hit 1% by the year end and head of the Vietnamese Government requested to use this […] The post State budget collections surpass 0.33% target by dec 30: PM appeared first on Vietnam Business News. |
Vietnam c.bank net withdraws vnd1,799 bln via OMO on dec 30 Posted: 30 Dec 2013 07:22 PM PST The State Bank of Vietnam (SBV) pumped VND1,201 billion through open market operation (OMO) while withdrew VND3,000 billion, resulting in net withdrawal of VND1,799 billion on Dec 30, 2013, local newswire NDH reported, citing data from SSI Research. As of December 30, the total outstanding loans on OMO were VND13,374 billion. On the day, SBV […] The post Vietnam c.bank net withdraws vnd1,799 bln via OMO on dec 30 appeared first on Vietnam Business News. |
Outstanding loans of banks in Dak Lak reach 40.709tr dong in 2013 Posted: 30 Dec 2013 07:22 PM PST According to the report of SBV– Dak Lak Branch, 2013 mobilised capital of credit organisations in Dak Lak has decreased slightly compared to 2012, including 1.5% reduction in VND deposits and 0.25% to 0.75% reduction of USD deposits. However, credit institutions strictly execute all interest rate regulations of the SBV. Despite difficulties of mobilised capital […] The post Outstanding loans of banks in Dak Lak reach 40.709tr dong in 2013 appeared first on Vietnam Business News. |
Quang Ninh’s credit increases 13.4pct and Vinh Phuc’s 1.54pct in 2013 Posted: 30 Dec 2013 07:19 PM PST According to information of the State Bank of Vietnam (SBV), as of November 30 2013, mobilised capital in Quang Ninh Province reached 60.483 trillion dong, up 19.9 percent. According to information of the State Bank of Vietnam (SBV), as of November 30 2013, mobilised capital in Quang Ninh Province reached 60.483 trillion dong, up 19.9 […] The post Quang Ninh's credit increases 13.4pct and Vinh Phuc's 1.54pct in 2013 appeared first on Vietnam Business News. |
Banks target familiar clients to boost credit Posted: 30 Dec 2013 07:18 PM PST Instead of offering cheap loans to all potential clients to simulate credit growth as had been done in 2012, commercial banks towards the end of this year are instead targeting clients with specific credit packages. LienVietPostBank agreed to provide a VND2 trillion ($95 million) loan for the PetroVietnam-invested Vung Ang 1 Thermal Power Plant this […] The post Banks target familiar clients to boost credit appeared first on Vietnam Business News. |
Interbank trading dong +52%, dollar +58% in week ending december 20 Posted: 30 Dec 2013 07:16 PM PST The total interbank trading value of the dong rose by 51.8% to VND138.964 trillion in the week ending December 20 from VND91.531trillion a week earlier while that of the dollar rose 58.3% to VND78.586 trillion from VND49.651 trillion. The total interbank trading value of the dong rose by 51.8% to VND138.964 trillion in the week […] The post Interbank trading dong +52%, dollar +58% in week ending december 20 appeared first on Vietnam Business News. |
TPbank approved to open 3 more branches Posted: 30 Dec 2013 07:14 PM PST The State Bank of Vietnam (SBV) on December 27, 2013 issued documents No. 9743, 9744 and 9745/NHNN-TTGSNH approving the proposal on establishment of 3 branches of Tien Phong Commercial Joint Stock Bank (TPBank). Accordingly, SBV allows TPBank to open 3 branches in Binh Duong, Hochiminh City (District 1) and Hanoi (Ba Dinh District). TPBank shall […] The post TPbank approved to open 3 more branches appeared first on Vietnam Business News. |
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The Business Times: SBV will be “soft” on Circular 02 | ![]() |
SBV will be “soft” on Circular 02 Posted: 29 Dec 2013 08:02 PM PST Answering to the recent opinions on the application of Circular 02, the State Bank of Vietnam (SBV) plans to select solutions to reconcile the requirements, local newswire VnEconomy reported. Specifically, Governor Nguyen Van Binh said SBV will review a number of provisions in the Circular to gradually reach international standards but not make it more […] The post SBV will be “soft” on Circular 02 appeared first on Vietnam Business News. |
Credit growth more than 11% as of december 27 Posted: 29 Dec 2013 08:00 PM PST As of December 27, 2013, credit growth of the whole system has been over 11%, local newspaper Phap luat TP HCM reported citing the State Bank of Vietnam (SBV)'s Governor Nguyen Van Binh. Vietnam Asset Management Company (VAMC) has also purchased VND36 trillion non-perfoming loans (NPLs), equivalent to more than 1% of total outstanding loans […] The post Credit growth more than 11% as of december 27 appeared first on Vietnam Business News. |
Vietnam c.bank net injects vnd12,863 bln via OMO in week of dec 23-27 Posted: 29 Dec 2013 07:58 PM PST During the week, the State Bank of Vietnam (SBV) pumped VND15,173 billion through open market operation (OMO) while withdrew VND2,310 bln, resulting in net injection of VND12,863 bln, local newswire NDH reported, citing data from SSI Research. On December 20, interbank interest rates slightly fell across the board, with overnight, 1-week, 1-month and 3-month rates […] The post Vietnam c.bank net injects vnd12,863 bln via OMO in week of dec 23-27 appeared first on Vietnam Business News. |
Banking stocks to flood the market Posted: 29 Dec 2013 07:57 PM PST The stock market is expected to see a huge volume of banking shares after the Government and the central bank have announced to force all lenders to list on the local exchanges next year. At present, there are eight stocks listed on the two local exchanges. If all joint stock banks have to undergo listing, […] The post Banking stocks to flood the market appeared first on Vietnam Business News. |
Posted: 29 Dec 2013 07:55 PM PST Despite their low credit growth, banks have rolled out a slew of year-end promotional programs with attractive interest rates and prizes to boost capital raising. Many banks have reported higher growth in capital mobilization than credit growth. In HCMC, local banks have forecast credit growth of less than 9% this year while their deposits are […] The post Banks keep wooing depositors appeared first on Vietnam Business News. |
Remittances set for big surge ahead of Tet Posted: 29 Dec 2013 07:53 PM PST The volume of remittances from overseas Vietnamese to the country in the months before the Tet (Lunar New Year) is expected to be 35 per cent higher than the figure recorded in the other months of 2013, according to the Dong A Remittance Co. As the economies of developed countries have recovered from crisis, revenues […] The post Remittances set for big surge ahead of Tet appeared first on Vietnam Business News. |
City plans 14% credit growth next year Posted: 29 Dec 2013 07:51 PM PST The banking sector in HCM City will likely achieve a credit growth rate of 14 per cent in 2014, the State Bank of Viet Nam Governor told the city’s People’s Committee last week. Nguyen Van Binh said the city”s target was feasible given that many programmes were being implemented to strengthen cooperation between local banks […] The post City plans 14% credit growth next year appeared first on Vietnam Business News. |
Dec 30: Vietnam central bank keeps dollar exchange at vnd21,036 Posted: 29 Dec 2013 07:49 PM PST Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Monday, unchanged for 6 months. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,246. Today, some commercial banks raised dollar prices, some […] The post Dec 30: Vietnam central bank keeps dollar exchange at vnd21,036 appeared first on Vietnam Business News. |
Dec 30: Vietnam gold falls to vnd35mln/tael, dollar stable Posted: 29 Dec 2013 07:48 PM PST This morning, Vietnam gold dropped by VND100,000/tael versus last week close to VND35 million a tae, following the world suit. Hochiminh was traded at VND34.70 million/tael for bid and VND35.00 million/tael for ask, respectively as of 10:17 am, Hanoi time. SJC in the North quoted at VND34.70 million/tael for bid and VND35.00 million/tael for ask. […] The post Dec 30: Vietnam gold falls to vnd35mln/tael, dollar stable appeared first on Vietnam Business News. |
Stocks up on foreign investors’ purchases Posted: 29 Dec 2013 07:46 PM PST Domestic stock indices went up slightly last week, boosted by economic recovery and ongoing buys by foreign investors. Viet Nam’s gross domestic product (GDP) growth of 5.42 per cent in 2013 was lower than expected, but higher than the growth rate of 2012, according to annual economic data released last week. The data also showed […] The post Stocks up on foreign investors’ purchases appeared first on Vietnam Business News. |
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