Vietnamplus

According to experts, the slow progress was partly due to tougher regulations on equitisation in a bid to ensure the targets, efficiency and transparency. In addition, a number of ministries, sectors and localities have faced difficulties in determining the values of land use and enterprises. Meanwhile, leaders of several SOEs have been afraid of bearing responsibility when dealing with prolonged affairs during the process of equitisation. … [Read more...] about Equitisation, divestment of SOEs fail to reach set target again

According to Nguyen Hong Long, Vice Chairman of the Steering Committee for Business Innovation and Development, the list of businesses with State ownership subject to divestment for 2017-2020 in accordance to the Prime Minister’s Decision No. 1232/QD-TTg is a channel while there are many other channels for divestment for the economy.Song Da Corporation as an example. The corporation offered more than 219 million shares for its IPO, equivalent to 48.82 percent of the firm’s chartered capital, but it successfully sold only 0.37 percent of the shares. … [Read more...] about Equitisation of SOEs expected to fulfill targets in final stage

VietCapitalBank has just officially announced the issuance of CDs for individual and institutional customers with interest rates of up to 10.2 percent per year.pressure is making deposit interest rates high and even higher in the coming time. As the capital demand of businesses and business households sharply increases during the year-end period, banks need to increase the mobilisation of capital to meet credit growth. … [Read more...] about Medium- and long-term capital pressure forces banks to hike rates

Finance expert Nguyen Tri Hieu said only major banks with financial potential have cut lending interest rates while small banks have responded to the policy but their interest rates remained higher than the average level. Hence, the lending interest rates are unlikely to bring about great effects as expected by businesses at a time when enterprises have high demands for capital during the year-end months./. … [Read more...] about Lending interest rate cut yet to benefit many enterprises

Commenting on the fact that the interest rate reduction will support economic growth in the coming time, he said it is necessary to have a roadmap because when credit institutions borrow from the SBV in the form of refinancing or overnight interbank loans, only in certain cases such as having preferential credit packages provided by the SBV, they will receive refinancing loans from the SBV with slightly lower interest rates and of course, the loan amount will not be too much. … [Read more...] about Cutting central bank’s interest rate to stabilise lending rates