Banks issue bonds to raise long-term capital, adhere to regulations
Commercial banks are seeking to issue bonds to raise long-term capital while adhering to capital safety regulations set by the central bank.
Banks raise certificates of deposit rates to more than 10 percent
Banks have increased their interest rates on certificates of deposit (CDs), bringing them in excess of 10 percent per year with the aim of mobilising long-term capital.
Corporate bonds effective tool to raise capital
Bond issuance is becoming a popular channel for firms to raise capital for its efficiency and convenience.
Banks struggle to lure long-term capital
Banks have to mobilise long-term capital at high costs by issuing certificates of deposit (CD) in Vietnamese dong with high interest rates to lure depositors, causing concerns about a domino effect on lending rates.
Project to restructure stock market approved
Prime Minister Nguyen Xuan Phuc has approved a project to restructure the stock market until 2020 with a vision to 2025, with an aim to make it an important channel for middle- and long-term capital regulation.
Banks look abroad in rush for long-term capital
Struggling to attract domestic funds, banks are rushing to seek foreign capital ahead of the central bank’s tightened policy on medium- and long-term lending early next year.
2,900 firms close down in first quarter of 2016
The shortage of long-term capital coupled with low competitiveness should be blamed for the rising number of firms going bankrupt and temporarily halting operations in the first quarter of 2016.