Regions bank refinance mortgage rates

Cash flow has returned to the banking system after Tet (Photo: VNA) Hanoi (VNS/VNA) - Liquidity of the banking system has been plentiful again after the Lunar New Year (Tet), helping the central bank net withdraw more than 51.55 trillion VND (2.2 billion USD) in the past week. According to a report from the Saigon Securities Inc (SSI), the good liquidity, which was thanks to the return of cash flow to the banking system after Tet, has helped interest rates of loans in the inter-bank market decrease at all terms to 4.52 percent per year for overnight loans and 4.64 percent for one-week loans. "The peak period when capital demand was rising sharply a few weeks before Tet has passed, and interest rates in the inter-bank market will likely remain stable at 4-4.75 percent per year," SSI forecast. According to the SSI report, deposit interest rates listed at commercial banks are also relatively stable, with a slight rise of 0.1-0.2 percentage points applied at some banks as promotional … [Read more...] about Bank liquidity abundant after Tet

Illustrative photo (Source: VNA) Hanoi (VNS/VNA) – The State Bank of Vietnam (SBV) is planning to change its policy on reserve requirement ratios for credit institutions and foreign banks’ branches for the first time since 2011. The plan has put forward for comment. The SBV will reduce the reserve requirement ratio by half for credit institutions that take part in the central bank’s plans to support the restructuring of ailing credit institutions. The reserve ratio is the portion of reservable liabilities that depository institutions must hold onto, rather than lend out or invest. Currently, the SBV’s reserve requirement ratio applicable to demand and below 12-month term deposits is 3 percent of the total deposits, while the rate for 12-month-plus term deposits is 1 percent. The ratios for foreign currency deposits are 8 percent and 6 percent, respectively. The above rates have remained unchanged since 2011. According to the central bank, the draft policy … [Read more...] about Central bank to change reserve requirement policy

As many as 330 bicycles worth a total 550 million VND (23,705 USD) were presented to disadvantaged students with outstanding academic results in Vietnam’s northern region (Source: www.shb.com.vn)   Hanoi (VNA) – As many as 330 bicycles worth a total 550 million VND (23,705 USD) were presented to disadvantaged students with outstanding academic results in Vietnam’s northern region, to celebrate the upcoming Lunar New Year (Tet) holidays. The beneficiaries are students in Hanoi and Hai Phong cities, and those in Quang Ninh, Ha Nam, Hung Yen, Ninh Binh and Tuyen Quang provinces. The charitable activity was arranged by Saigon - Hanoi Commercial Joint Stock Bank (SHB) and Dai-ichi Life Insurance Company of Vietnam (Dai-ichi Life Vietnam), in cooperation with the Vietnam Red Cross Society Central Committee. It is part of a programme of the SHB to aid poor kids and encourage their studies, said SHB General Director Nguyen Van Le. It began in June 2018, granting … [Read more...] about 330 bicycles presented to poor students in northern region

Featuring 13 Designers from Hong Kong and Abroad ; Showcasing the Possibilities when Craftsmanship is Integrated into Everyday Design HONG KONG, CHINA - Media OutReach - 11 December 2019 - Design Spectrum, the new design initiative organised by Hong Kong Design Centre (HKDC) with  sponsorship from Create Hong Kong (CreateHK) of the Government of the Hong Kong Special Administrative Region (HKSAR Government), is showcasing Asian design philosophy in four thematic exhibitions at 7 Mallory Street, a Grade II Historic Building in Wan Chai. As we approach the halfway point of the four-part programme, for the third exhibition, Refined Touch: Crossover Between Design and Craft, different designers and artisans from Hong Kong and abroad have been invited to showcase their creations with origins in both design and craft, encouraging visitors to rethink the relationship between the two. Design Spectrum will also offer a series of workshops where design and … [Read more...] about Hong Kong Design Centre Presents REFINED TOUCH: CROSSOVER BETWEEN DESIGN & CRAFT, Third DESIGN SPECTRUM Exhibition

Việt Nam continues to achieve robust growth accompanied by moderate inflation and a relatively stable exchange rate. — Photo tapchicongthuong.vn HÀ NỘI — Economic growth in Việt Nam had proven resilient despite weakening external conditions, driven mainly by strong domestic demand and a dynamic export-oriented manufacturing sector, according to the World Bank (WB)’s update on recent economic developments in Việt Nam. According to Taking Stock, the WB’s bi-annual economic report on Việt Nam which was released yesterday, the pace of expansion was forecast to remain at 6.8 per cent this year, higher than the projected figure of 6.3 per cent for emerging markets in the East Asia and Pacific regions. Over the medium term, in line with global trends, Việt Nam would see a slower pace of 6.6 and 6.5 per cent in 2019 and 2020, respectively. Inflation would remain muted at 4 per cent as the result of tightening monetary … [Read more...] about Việt Nam’s economy grows robustly but risks intensify