Vietnam meets five-year energy savings target Business

Vietnam meets five-year energy savings target

The national target programme on energy efficiency has achieved satisfactory results in the last five years, according to officials attending a seminar organised in Ho Chi Minh City on October 30.
Banks run out of credit quotas Business

Banks run out of credit quotas

Many large-sized commercial banks have no scope for credit growth for the last months of the year, as they have used nearly all the quota allowed by the central bank.

BIDV offers cheap health sector loans

Bank for Investment and Development of Vietnam (BIDV) has became the first join stock commercial bank to offer a preferential credit programme worth 20 trillion VND (921.65 million USD) to the healthcare sector.

Key ODA transport projects to receive reciprocal capital

Seven urgent transport projects funded by official development assistance will receive capital injections totalling 2-2.5 trillion VND (95-119 million USD) in 2014’s first round of advancing reciprocal capital for projects, probably soon after April 30, the Vietnam Investment Review (VIR) reported on April 15.
Interbank rate sees year-end increase Business

Interbank rate sees year-end increase

High capital demand from commercial banks raised the borrowing interest rates in the interbank market in the last week of 2013, the central bank's statistics showed.

Banks to give priority to agriculture

The State Bank of Vietnam's Governor Nguyen Van Binh on Aug. 16 instructed commercial banks to restructure capital and boost credit at reliable interest rates for agricultural production, in a bid to ensure sufficient food supply and stabilise market prices.

PM adopts anti-inflationary measures

Prime Minister Nguyen Tan Dung has approved a variety of tighter fiscal and financial measures in a bid to bring inflation under control and narrow the widening trade deficit.

"The measures will help pull more money out of circulation," the Deputy Head of the Central Institute for Economic Management, Vo Tri Thanh, told Vietnam News. "However, more needs to be done to control growing inflationary pressures."