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Fiscal and monetary policies “on the same bed but have different dreams”

Fiscal does not tone with the monetary policy in implementing a common task…

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Fearful of bankruptcy, auto manufacturers insist on tax, fee reductions

The car sales dropped dramatically in the first four months of the year,…

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Banks rush to borrow money from foreign sources

 Big Vietnamese commercial banks are going to issue international bonds in 2012.

   

Gold now at the “T-junction”

The deadline for short term gold certificate issuance by credit institutions has been extended to November 25 instead of May 1 as previously scheduled. However, the latest decision by the St [ … ]

   

Moody's places SHB on review for possible ratings downgrade

Moody's Investors Service placed the B2 deposit and issuer ratings of Saigon-Hanoi Commercial Joint Stock Bank (SHB) on review for a possible downgrade on May 18.

 

   

14 banks requested to accelerate debt settlement

The State Bank of Vietnam (SBV) has asked 14 commercial banks to accelerate debt settlement processes.

   

Unable to push up lending, banks inject money in government bonds

Instead of pushing up lending, commercial banks have spent money to buy government bonds, accepting the low government bond interest rates.

   

Banking restructuring is nothing to be feared

Credit institutions that do not thoroughly restructure will miss a precious opportunity to improve their competitiveness.

   

Gov’t to have more fiscal, monetary maneuverability in 2012

Vietnamese fiscal and monetary policies will likely be more maneuverable in 2012, as the country’s macroeconomic situation is stabilizing, said an economist who is also a member of the Natio [ … ]

   

New SBV Deputy Governor to fast-track restructuring plans

The Prime Minister has appointed another deputy governor to the State Bank of Vietnam (SBV) to accelerate restructuring in the banking sector.

 

   

Vietnamese bankers earn millions of dollars a year

While businesses moan about big losses and heaped debts, banks still make fat profit, thus allowing their bosses to pocket millions of dollars a year.

   

Fiscal and monetary policies “on the same bed but have different dreams”

Fiscal does not tone with the monetary policy in implementing a common task of fighting against inflation.

   

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