Local producers still have to borrow bank loans at interest rates of 17-22% per annum though many banks have already announced their policy to cut lending interest rates to 15-17% p.a., the local online newspaper VnExpress.net reported.
Macro Economy
Vietnam Firms Still Face High Borrowing Costs Local producers still have to borrow bank loans at interest rates of 17-22% per annum though many banks have already announced their policy to cut lending interest rates to 15-17% p.a., the local online newspaper VnExpress.net reported.
VN Will Become Asia’s Electronics Hub: HSBC The Hong Kong and Shanghai Banking Corporation (HSBC) has ranked Viet Nam seventh out of 10 countries seen as having the best prospects for long-term growth.
Supermarkets Gain Hold In Vietnam Convenience, stable prices and consecutive promotion campaigns have helped modern retail channels attract more customers, with year-on-year turnover growth of 20-25 per cent in HCM City.
Vietnam to Cut Refinance Rate to 12% in Late Q2/2012: Standard Chartered The decline in headline inflation may allow the central bank to cut the refinance rate from 15% to 12% in late Q2 and to 11% in Q3/2012, said Tai Hui, Regional Head of Research, South-East Asia Region of Standard Chartered Bank.
