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Search Results: 545 results for keyword "interest rates".
Lending rate forecast to be cut by 1-1.5pp in 2024
20-12-2023 16:01
There will be little room for further reduction in deposit interest rates in 2024 as they have dropped deeply to pre-COVID-19 levels, while the lending interest rate can still be lowered by 1-1.5 percentage points next year, Vietcombank Securities (VCBS) forecast.
Repairing balance sheet to return to profitable growth
02-12-2023 08:00
Amidst the complexities of Vietnam’s market in 2023, where sectors such as manufacturing and exports are marked by promising growth over the next 5-10 years, the economic landscape is a mosaic of opportunities. These medium-term prospects, however, coexist with a prevailing air of uncertainty and even financial distress, driven by global events such as high US interest rates, the Russia-Ukraine conflict, the Israel-Hamas conflict, and challenges in Vietnam’s real estate and funding market.
Lenders integrate a greener perspective
30-11-2023 08:57
Some major Vietnamese banks are intensifying their focus on sustainable practices by dedicating significant funds to renewable energy projects and reducing interest rates for eco-friendly initiatives.
Markets mixed as Fed minutes hint rates to stay higher for longer
22-11-2023 15:47
Asian markets drifted Wednesday as traders tracked a tepid lead from Wall Street following meeting minutes showing Federal Reserve officials were inclined to keep interest rates elevated for "some time" in order to slay inflation.
Masan set for strong finish to 2023
15-11-2023 18:02
Many economic experts believe that interest rates will continue to decrease from now until the end of the year, lending rates in particular. A series of fiscal policies, such as VAT reductions and salary increases, are also expected to stimulate domestic consumption. Vietnam's largest retail consumer outfit, Masan Group, is set to benefit significantly from these policies.
SCG's operating results slow down in Q3/2023 amidst regional economic stagnation
14-11-2023 13:14
SCG has announced operating results for Q3/2023 that demonstrate a slowdown due to a stagnant regional market, a petrochemical trough, shrinking exports, and high interest rates.
US Fed could hike rates again if 'appropriate': Powell
10-11-2023 10:46
The US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two percent target, Fed Chair Jerome Powell said Thursday.
Banks increasing provision costs
09-11-2023 19:23
Due to lower lending interest rates, slow credit growth and rising bad debts, commercial banks have increased their provision costs.
US Fed likely to hold rates again despite strong economic growth
01-11-2023 10:11
The Federal Reserve is widely expected to announce Wednesday that it will keep interest rates at a 22-year high in a bid to tackle inflation without harming the buoyant US economy.
Vietnam’s equity market prepared for upswing
31-10-2023 09:00
The narrative at the beginning of 2023 centred around the global capital’s exit from various markets, primarily instigated by rising interest rates in the US and other associated risks. However, the current landscape indicates a notable shift.
Vietnam’s stock market and navigating the recovery phase
25-10-2023 21:00
Amid global economic flux, there is a broad consensus that US inflation is on a declining trend, albeit with some unexpected twists and turns along the way. High interest rates could yield unintended consequences, underscoring the importance of a balanced approach.
Central bank forecast to continue bill issuance amid abundant liquidity
24-10-2023 17:13
The State Bank of Vietnam (SBV) will continue to issue new bills to withdraw cash from the banking system as liquidity is abundant and interbank interest rates remain low, analysts forecast.
Monetary policy governance requires thorough consideration: official
23-10-2023 16:54
As the governance of the monetary policy has to concurrently guarantee multiple targets, including reducing interest rates, expanding credit, stabilising foreign exchange rates, and ensuring credit institutions’ safety, thorough consideration is needed before any steps are taken, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
Exchange rates set to put pressure on bank lending
17-10-2023 08:00
Exchange rate pressures will hinder the declining trend of interest rates in the near future, though when compared to other economies, the devaluation of the VND remains under control.
Borrowers struggle to benefit from new lending policy
29-09-2023 16:04
Borrowers are finding it challenging to obtain new loans from banks to settle their existing debts at a different bank, despite the recent implementation of a regulation permitting debt transfer.
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