Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.


We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

Join Us for Dinar Discussions and More -- We Keep it REAL
HomeSearchMemberlistFAQLog inRegister
Help Us Drain the SWAMP in DINARLAND

REPORT TONY RENFROW for violating his Court Order to stay away from Dinar -

Judge's email: ksd_murguia_chambers@ksd.uscourts.gov
PHONE - 913-735-2340

DA's email: Scott.Rask@usdoj.gov
PHONE - 913-551-6730

Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Post new topic   Reply to topic
Share | 

 Vietnam central bank says cutting lending rates not optional

Go down 
Elite Member
Elite Member

Posts : 4668
Join date : 2011-06-21
Age : 35
Location : Planet far far away

PostSubject: Vietnam central bank says cutting lending rates not optional    Mon Jul 23, 2012 12:02 pm

Vietnam central bank says cutting lending rates not optional

The State Bank of Vietnam will make sure that commercial lenders take its order seriously and cut lending rates on existing loans to below 15 percent, deputy governor Le Minh Hung said.

On July 7, the central bank asked commercial banks to reduce interest rates on outstanding loans and help struggling businesses. It said lenders must cut rates on existing loans to companies to below 15 percent.

Hung told Thanh Nien that many large banks have already lowered rates since mid-July but some others have not implemented the policy yet.

The central bank will deal with those who do not comply with its request, Hung said, asserting that "tough measures" would be taken "if necessary." Lenders will also be required to report their total loans at rates above 15 percent, he added.

Many businesses have complained that many banks have refused to cut rates. Some have offered a reduction in borrowing costs for only well-performing companies.

Hung said even though banks need to make decisions based on their own financial conditions, only supporting healthy companies "is not right"

Banks have to realize that this is the perfect time to lower rates on existing loans, he said, noting that keeping rates too high for companies that are already struggling to repay loans "will not help either of the two sides."

Vo Tri Thanh, deputy head of the Central Institute for Economic Management, a government think-tank, said there will be some sacrifice involved, but banks have to accept the fact that they need to bring interest rates down for long-term benefits.

On Friday, news website VnExpress cited State Bank Governor Nguyen Van Binh as saying that while banks will have to try their best to rescue businesses, they will not do so at all costs.
“Companies that, if rescued, would not have a chance of growing in the future, should be eliminated,” he said.


Being defeated is often a temporary condition. Giving up is what makes it permanent.
Marilyn Vos Savant

Yesterday would have been better, but today is a good day

Remember as always, JMHO
Rantings from just north of sixty
Back to top Go down
View user profile
Vietnam central bank says cutting lending rates not optional
Back to top 
Page 1 of 1

Permissions in this forum:You can reply to topics in this forum
Post new topic   Reply to topicJump to: