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VN Central Bank: commercial banks’ interest rate adjustment normal
It is normal for commercial banks to adjust their interest rates in accordance with their business strategies and market situation, said the State Bank of Vietnam.
While some banks raised deposit interest rates, others reduced theirs by 0.1-0.3 percent per year.
The Vietnam Prosperity Joint Stock Commercial Bank (VPBank), Viet Nam Thuong Tin Commercial Joint Stock Bank (VietBank) and Vietnam International Commercial Joint Stock Bank (VIB Bank) decreased their interest rates by 0.1-0.3 percent for deposits of different terms.
The Viet Capital Bank and the DongA Bank adjusted down 0.1 percent to 7.8 percent for deposits of between 18 and 60 months. The Maritime Bank also reduced the mobilising interest rates by 0.2 percent to 7.2 percent for deposits of 18-30 months.
In mid-February, some commercial banks raised their deposit interest rates. EximBank offered an interest rate of up to 8.2 percent per year for 24 and 36-month deposits while Oceanbank increased its interest rates to 7.3 percent per year for deposits of six, 11 and 12 months.
Techcombank applied an interest rate of 7.1 percent per year for 36-month deposit, up 0.1 percent compared to the rate in early February.
VPBank listed an attractive rate of 9.2 percent for certificate of five-year deposit certificate and Sacombank offered 8.88 percent for seven-year deposit certificate.
Agro-forestry-aquatic product exports hit $10.8 billion
The export value of agro-forestry-aquatic products reached $10.8 billion in the first four months of 2017, a year-on-year surge of 9.1 percent, according to the Ministry of Agriculture and Rural Development. Key farm produce contributed 5.8 billion USD to the export value, up 12 percent from the same period last year. Some 1.86 million tonnes of rice worth 834 million USD were shipped abroad, down 7.7 percent in volume and 6.9 percent in value compared to the same period last year.The… chat_bubble_outline Read More...
Doosan Vina to make first nuclear power equipment in Vietnam
Accordingly, Doosan Vina will produce four storage tanks for reactors No.5 and No. 6, each has a capacity of 1,400 MW, at Shin Kori nuclear power plant. Doosan Vina General Director Yeon In Jung said this will be the first nuclear power equipment to be made in Vietnam, and many Vietnamese engineers will take part in the production. He said to be permitted to produce such equipment, the company had to satisfy strict requirements of the American Society of Mechanical Engineers (ASME), which… chat_bubble_outline Read More...
Lara Gut crashes in slalom warmup, out of combined at worlds
ST. MORITZ, Switzerland (AP) — Swiss skier Lara Gut has crashed in slalom training and is out of the combined event at the world championships.Switzerland team spokesman Jerome Krieg says Gut was taken for treatment at a hospital in St. Moritz. No details of the defending World Cup overall champion's potential injuries were given.Gut was third-fastest in the opening downhill portion of the combined, trailing 0.43 seconds behind leader Sofia Goggia of Italy.The 25-year-old Gut rarely races World… chat_bubble_outline Read More...
2016 Vietnam ETE and Enertec Expo kicks off
The four-day event drew the participation of 160 domestic and foreign companies from Japan, the Republic of Korea, Singapore, Malaysia, Thailand, Germany and Turkey, as well as the host, Vietnam, whose 250 booths are showcasing a series of advanced technologies and the latest energy-saving equipment. The Enertec Expo and Vietnam ETE exhibitions, held as part of the city’s investment, trade and tourism promotion programme, are expected to raise public awareness of energy conservation. … chat_bubble_outline Read More...
N.Korea fires Scud-class ballistic missile, Japan protests
North Korean leader Kim Jong Un watches the test of a new-type anti-aircraft guided weapon system organised by the Academy of National Defence Science in this undated photo released by North Korea's Korean Central News Agency (KCNA) May 28, 2017. Photo by KCNA/via Reuters North Korea fired what appeared to be a short-range ballistic missile on Monday that landed in the sea off its east coast, the latest in a series of missile tests defying world pressure and threats of more sanctions. The… chat_bubble_outline Read More...