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English News

Cooperatives bemoan difficult access to bank loans

Cooperatives bemoan difficult access to bank loans

HANOI – Cooperatives have said they often find it hard to take out loans from banks although they have sound production plans.

Big banks stuck in inefficient financial investments

Big banks stuck in inefficient financial investments

HCMC – The State Audit Office of Vietnam (SAV) said in a report that big banks have got stuck in inefficient financial investments, according a Thanh Nien newspaper report.

G-bonds now good vehicle for State finance

G-bonds now good vehicle for State finance

HANOI – Government bond (G-bond) issues have been restructured in a healthier manner and become a good vehicle for State finance, as it helps reduce the pressure on public debt repayments, said Minister of Finance Dinh Tien Dung at a National Assembly meeting on May 26.

Bullion trade no longer attractive to banks

Bullion trade no longer attractive to banks

HCMC – Several banks have narrowed their gold bar trading networks as this business is no longer attractive given waning demand, Nguoi Lao Dong newspaper reports.

Banks seek to pump more credit into business

Banks seek to pump more credit into business

HCMC – Many banks have sought to increase lending to production and business activities while tightening controls on real estate loans, Tuoi Tre Online newspaper reports.

Fitch upgrades three Vietnamese banks

Fitch upgrades three Vietnamese banks

HCMC – Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) and revised the Support Rating Floors of three Vietnamese State-owned banks following its upgrade of Vietnam’s sovereign rating on May 14.

Experts: Opportunities abound after deep correction

Experts: Opportunities abound after deep correction

HCMC – The local market is offering numerous opportunities for risk-appetite investors to accumulate new stocks as the VN-Index of the Hochiminh Stock Exchange fell a massive 10.6% in three consecutive weeks last month, according to securities experts.

Stocks decline slightly

Stocks decline slightly

HCMC – Selling pressure kept mounting in the morning phase on May 3 but bottom fishers became active at around the 1,000-point level of the VN-Index of the Hochiminh Stock Exchange.


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