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End of support package worrying VN homebuyers HÀ NỘI (VNS) — Homebuyers are worried about a possible hike in interest rates with the terms of the government’s VNĐ30 trillion (US$1.3 billion) property support package ending on June 1 this year. The package was launched on June 1, 2013, and the State Bank of Việt Nam…
SBV asked to keep lending limits. HCM CITY (VNS) — The HCM City Real Estate Association (HOREA) has proposed the State Bank of Viet Nam (SBV)’s regulations on lending limits and capital adequacy ratio requirements for credit institutions, including branches of foreign banks not be changed at the moment. SBV asked to keep lending limits. The…
SMEs to benefit from TPP and EVFTA HA NOI (VNS) — Domestic small- and medium-sized enterprises (SMEs) would enjoy many benefits from the Trans-Pacific Partnership (TPP) and Viet Nam-EU Free Trade Agreement (EVFTA), said economist Pham Chi Lan. Lan told a conference on TPP and EVFTA held in Ha Noi yesterday that SMEs would be…
SBV to control real estate loans HA NOI (VNS) — The central bank will control property loans to limit risks this year, an official told a meeting in HCM City late last week. SBV to control real estate loans. State Bank of Viet Nam deputy governor Nguyen Phuoc Thanh said that although credits grew positively with…
City banks set bar high for 2016 performance HCM CITY (VNS) — HCM City-based banks have set themselves ambitious targets for 2016, including credit growth of 16-18 per cent. They city also expect to increase deposits by 17-19 per cent and decrease bad debts to below 3 per cent. These and other targets were announced…
Owning a home is a keystone of wealth… both financial affluence and emotional security.