Shares rise for 2nd day on banks Business

Shares rise for 2nd day on banks

Vietnamese shares rose for a second day on both local markets on August 24, driven by bank stocks on expectations that a new draft circular would help local banks operate more efficiently.
Some banks enter new rate race Business

Some banks enter new rate race

Some commercial banks have entered a new interest rate hike race to lure medium- and long-term deposits, pushing the rate to a record high of more than 9 percent per year.

Circular will revamp stock market

Since its issuance late last year, Circular 36/2014/TT-NHNN, which set limits on how much banks can lend to stock investors, has had a strong impact on both credit institutions and the securities market. Investors fear that the total amount available for margin loans will drop dramatically after the Circular takes effect on February 1.