Banks urged to quite race to put stability first

Banks urged to quite race to put stability first

Financial experts recommend putting a brake on the current non-term deposit interest rate hiking race to ensure banking system stability.
Rate race distorts banking system

Rate race distorts banking system

Interest rate management has forced local lenders to break fundamental market rules to mobilise funds.
Mobilisation pressures weighing on lenders

Mobilisation pressures weighing on lenders

Hiking non-term deposit interest rates has provided an emergency exit for banks running short of funds.
Banks up non-term rates for big savers

Banks up non-term rates for big savers

A number of commercial banks this week have begun offering non-term deposit interest rates as high as 9 per cent per year on large deposits.
Market learns to take bad news on the chin

Market learns to take bad news on the chin

In February, a big dollop of negative macroeconomic news was served up earlier than investors’ expectations.
Central bank strives for stable macroeconomy

Central bank strives for stable macroeconomy

What is the central bank’s mission for 2011 after last year’s forex rate and interest rate troubles? Dr Le Xuan Nghia, Vice Chairman of the National Financial Surveillance Commission, shares his views with VIR.
World Bank pledges continued support

World Bank pledges continued support

With Vietnam on its way to becoming the next big emerging economy in the region, the choices made today will determine exactly how the country builds on its already considerable achievements. World Bank Country Director for Vietnam Victoria Kwakwa takes a look at the challenges ahead.
New foreign cash flows for 2011?

New foreign cash flows for 2011?

Vietnam was probably one of the worst regional net asset value performers in 2010 when the main VN-Index dropped by 2.2 per cent and the HNX-Index lost over 30 per cent.
Macroeconomic disequilibrium and possible future directions

Macroeconomic disequilibrium and possible future directions 1

After a decade of high annual growth until 2007, Vietnam has experienced a slowdown since 2008 with the onset of the global economic crisis, when its gross domestic product (GDP) growth fell to 6.2 per cent and then further to 5.2 per cent in 2009.
A foreign legion of investors is backing market

A foreign legion of investors is backing market

Richard Emerson, head of investment at Savills Vietnam’s Hanoi branch, reviews 2010 while offering his thoughts on the year ahead.
Short-term pain from long-term policies

Short-term pain from long-term policies

In November, the State Bank announced a series of policy adjustments to regulate inflation, plus monetary and gold markets.
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