Vietnam Financial News

Advertisements

Random Post

• Japanese businesses keen on investing in Vietnam
• Contractors told to pay fines
• Vietnam Low-income housing projects to enjoy preferential loans
• Vietnam rice exports show optimistic signs
• Vietnam Treasury Raises VND12.5T from Bond Sales in H1
• US consultant wins Da Nang contract

Vietnam Financial News

Vietnam Business » Vietnam Financial News » Vietnam SBV Confirms No Plans to Issue Mandatory t-Bills: Senior Official

Vietnam SBV Confirms No Plans to Issue Mandatory t-Bills: Senior Official

. The State Bank of Vietnam, the country’s central bank, has no plans to issue mandatory treasury bills (t-bills) in order to withdraw money from the domestic economy, a senior official of the SBV said, refuting rumors that such plans had been made. .“We [the SBV] have made no such plan as was widely rumored,” Nguyen Ngoc Bao, head of the SBV’s Monetary Policy Department told. .“The SBV is adopting flexible monetary

policies, and normally it makes public any new policies to boost transparency for the domestic monetary market,” Bao emphasized in a note. .Bao also attributed the rumor to the information that recently the SBV announced that it would curb credit growth at 25 per cent to 27 per cent from its initial target of 30 per cent growth. .The SBV has requested that credit institutions increase savings from local people and boost loans to the economy, particularly local firms that plan to expand their operations, Bao explained, adding that the SBV recently also allowed commercial banks to use dollar debts as collaterals to raise more funds to lend. .The SBV issued VND20.3 trillion in mandatory t-bills on March 17 last year to withdraw cash from the economy to combat inflation, the paper said. (Vietnam Economic Times)

Vietnam Business And Financial News Network. Source [vibforum.vcci.com.vn]

More Vietnam Financial News:

• Finance Minister: Vietnam Govt Should Re-consider Yields for g-Bond Issues
• Vietnam SCIC: Boosting Share Sales to Invest in Energy, Infrastructure Projects
• Creating the Gauge of VND Strength
• Investing in Growth Shares
• Non-Life Insurance Sector to Grow by 25 per cent
• BIDV Opens US$100M Firm in Cambodia
• Vietnam Firms Borrow US$1.5B Overseas in first half 2009
• Vietnam Foreign Debts Rise 13.31 per cent to US$21.816B in 2008
• Vietnam Treasury Raises VND12.5T from Bond Sales in H1
• HCM City: 15 percent of Total Outstanding Loans Poured into Realty Sector

Popular Vietnam Business News

Vietcombank H1 Pretax Profit of VND2,450B Meets 75 per cent of Year's Target

The Joint Stock Bank for Foreign Trade of Vietnam (VCB) made pretax profit of VND2,450 billion in the first half this year, fulfilling 75 per cent of its yearly target,

Bank For Agricultural Of Ho Chi Minh City

These are some of the leading stories in the official Vietnamese press on Tuesday. Reuters has not verified these stories. -- Partly private Dong A Bank said it made a

PetroVietnam Asked to Rebuild Financial Plan for Dung Quat Refinery

The US$3.1-billion refinery has to date produced gasoline A92, kerosene, diesel oil, and liquefied petroleum gas (LPG) for the market. The plant had sold a total of 5,630 tons of

Sheraton set for Nha Trang market entry

The Sheraton Nha Trang, located in the central coastal city of Khanh Hoa Province, will host its soft opening on March 19 to welcome both business and leisure travellers. The

Dana - Italy Steel JSC applies for listing shares on northern bourse

Hanoi Stock Exchange (HNX) announced to receive application profile for listing 15 million shares of Dana - Italy Steel Joint Stock Co on March 19, 2010. The company with chartered

Low-income Apartment Segment Attracts Investors

While the apartment block segment has not yet seen recovery; low-cost houses are attracting speculators attention, which has helped to form a sudden price hike in realty in the west

Vietnam garment exports set to rise as industry holds line on prices

Viet Nams garment industry has a worldwide reputation for making competitively priced and high quality garments, a survey conducted by the US-based non-profit group Kearny Alliance has found.

Vienam eeal estate developers race to build skyscrapers

Thirty-seven, sixty-eight, seventy, even 102 storeys - in Hanoi and Ho Chi Minh City, bigger and bigger buildings are reshaping the skyline. Most skyscraper projects have been developed by heavyweights

Advertisement