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Tag Archives: interest

Interest rate race has Vietnamese businesses on edge

In anticipation of the central bank’s possible move to further limit the use of short-term deposits for loans, banks in Vietnam have rushed to attract savings with higher interest rates, starting a competitive race that might soon hurt many borrowers.  Latest figures from the central bank’s office in Ho Chi ...

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Investors show plenty of interest in Vietnam startups: report

 Vietnam’s startup ecosystem in 2015. Photo credit: Topica Founder Institute At least 67 technology startups in Vietnam received funding last year, a sharp increase from 28 the year before, according to a report Thursday. The number of deals may have been even higher since not every business published its information, ...

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20% ceiling interest rate question remains open

20% ceiling interest rate question remains open A banking transaction office in Ha Noi. — Photo VNA HA NOI  — The Civil Code (revised), adopted by the National Assembly on November 24, states that negotiated interest rates must be controlled under 20 per cent per year, excluding loans stipulated in ...

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