Some banks enter new rate race
15:40 | 22/03/2017 Finance - Banking
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.
Credit boom for Central Highlands farming
10:22 | 20/03/2017 Finance - Banking
(VEN) - The State Bank of Vietnam (SBV) reports that capital continues to be poured into the Central Highlands in 2017 for hydropower, thermo-electricity, transportation, agricultural production and livestock projects.
Vietnam’s initiative on Pacific Rim disasters
08:16 | 12/03/2017 Finance - Banking
(VEN) - Vietnam, as the host of APEC 2017, proposed a disaster risk financing and insurance initiative as an element of regional financial cooperation. The proposal has won the support of the 21 member economies of the Asia-Pacific Economic Cooperation forum.
Standard Chartered and IFC to invest up to US$1.0 billion
08:35 | 09/03/2017 Finance - Banking
(VEN) - Standard Chartered has agreed with IFC (International Financial Corporation), a member of the World Bank Group, to continue their trade finance partnership under the Global Trade Liquidity Program (GTLP) with a total investment of an additional US$1.0 billion. Aimed at boosting global trade in emerging markets by increasing the amount of financing available, the third series of the GTLP comes at an essential time when many global banks are pulling back their support due to increasing compliance costs and higher capital requirements for trade under Basel III.