The Business Times: Nearly 53% credit institutions expect to reduce interest rates

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• Nearly 53% credit institutions expect to reduce interest rates
• Government requires SBV’s study to reduce interest rates on existing loans
• Deputy Governor: continue to reduce interest rates to stimulate demand
• Maritime bank wants to merge with another credit institution
• PM decides on VNPT restructuring
• Vietnam’s economy in Q1: A tale of two demands, says ANZ
• RoK, Vietnam join hands to combat trade fraud
• Vietnam, Bulgaria share oil recycling experience
• Vinafruit sets sights on US$1.2bln export target
• Gazprom Neft to acquire Dung Quat oil refinery stake

Nearly 53% credit institutions expect to reduce interest rates Posted: 09 Apr 2014 01:16 AM PDT This is one of the contents announced by the State Bank of Vietnam (SBV) in the report on business trends of the of credit institutions in Quarter II/2014, local newswire VOV Online reported. The report said the business situations of the majority of banks have positive changes compared to the end of 2013. The number […] The post Nearly 53% credit institutions expect to reduce interest rates appeared first on Vietnam Business News.

Government requires SBV’s study to reduce interest rates on existing loans Posted: 09 Apr 2014 01:15 AM PDT At the Resolution of its regular meeting in March, the government asked the banking industry to study to lower interest rates on existing loans to remove difficulties for enterprises, local newswire Tri Thuc Tre reported. The State Bank of Vietnam (SBV) shall continue to manage monetary policies proactively and flexibly to ensure the stability of […] The post Government requires SBV's study to reduce interest rates on existing loans appeared first on Vietnam Business News.

Deputy Governor: continue to reduce interest rates to stimulate demand Posted: 09 Apr 2014 01:13 AM PDT According to Deputy Governor Nguyen Phuoc Thanh, from now to the end of the year, banks will lower interest rates on existing loans from 12%-13% to about 10% p.a to support businesses, local newspaper Nguoi lao dong reported. The central bank has directed commercial banks to adjust interest rates on existing loans to remove difficulties […] The post Deputy Governor: continue to reduce interest rates to stimulate demand appeared first on Vietnam Business News.

Maritime bank wants to merge with another credit institution Posted: 09 Apr 2014 01:13 AM PDT This is one of the content in that Vietnam Maritime Commercial Joint Stock Bank (Maritime Bank) has released in its documents of Annual General Meeting of Shareholders 2014, local newswire Investment Forum reported. Accordingly, Maritime Bank asked shareholders to approve the merger of another credit institution into Maritime Bank. The bank asked its shareholders to […] The post Maritime bank wants to merge with another credit institution appeared first on Vietnam Business News.

PM decides on VNPT restructuring Posted: 08 Apr 2014 08:56 PM PDT Prime Minister Nguyen Tan Dung has directed the Ministry of Information and Communications (MIC) to take charge of the Vietnam Mobile Telecom Services company (VMS) and the Post & Telecommunications Institute of Technology (PTIT). This is part of PM Dung’s conclusion on restructuring the Vietnam Post and Telecommunications service and was announced by his office […] The post PM decides on VNPT restructuring appeared first on Vietnam Business News.

Vietnam’s economy in Q1: A tale of two demands, says ANZ Posted: 08 Apr 2014 08:40 PM PDT Vietnam's GDP growth in the first quarter of 2014 highlights the need to balance the domestic-led and export-driven component of the economy, according to a recent report released by the Australia-New Zealand Banking Group (ANZ). ANZ's latest report showed that external driven demand remains the driving force of economic growth. Strong foreign direct investment (FDI) […] The post Vietnam's economy in Q1: A tale of two demands, says ANZ appeared first on Vietnam Business News.

RoK, Vietnam join hands to combat trade fraud Posted: 08 Apr 2014 08:40 PM PDT The Market Surveillance Agency under the Ministry of Industry and Trade and the Intellectual Property Office of the Republic of Korea (KIPO) on April 8 inked a memorandum of understanding (MoU) on cooperation in intellectual property observation. The deal will also allow the two sides to share experience in preventing and combating trade fraud and […] The post RoK, Vietnam join hands to combat trade fraud appeared first on Vietnam Business News.

Vietnam, Bulgaria share oil recycling experience Posted: 08 Apr 2014 08:39 PM PDT The Vietnam National Oil and Gas Group (PVN) and Prista Oil Group of Bulgaria on April 8 co-hosted a dialogue in Hanoi to exchange experience in managing, collecting, refining and recycling lubricant oil for environmental protection. Speaking at the event, PVN General Director Do Van Hau said most countries have stringent regulations on the production, […] The post Vietnam, Bulgaria share oil recycling experience appeared first on Vietnam Business News.

Vinafruit sets sights on US$1.2bln export target Posted: 08 Apr 2014 08:37 PM PDT Fruit and vegetable export earnings grew by 32.2% to US$215 million during the first quarter of the year and are expected to hit a record high of US$1.2 billion this year, according to the Vietnam Fruit and Vegetables Association (Vinafruit). Vinafruit says key exported products in the reviewed period included dragon fruit, bananas, mangos, longans, […] The post Vinafruit sets sights on US$1.2bln export target appeared first on Vietnam Business News.

Gazprom Neft to acquire Dung Quat oil refinery stake Posted: 08 Apr 2014 08:36 PM PDT Gazprom Neft, one of the leading oil producers in Russia, is concluding a deal with a Vietnamese partner acquire a stake at the Dung Quat oil refinery and to modernise the plant. The negotiation process has progressed and both sides are going to conclude negotiations soon, reported Interfax – ANI quoting Gazprom Neft management board […] The post Gazprom Neft to acquire Dung Quat oil refinery stake appeared first on Vietnam Business News.

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