Following a sharp rise in the past few weeks, inter-bank rates have hit a 10-month high of more than 5 per cent per year due to decreasing liquidity in the banking system, said Bảo Việt Securities Co (BVSC).

A number of commercial banks have increased their Vietnamese đồng deposit interest rates by 0.2-0.4 per cent per year to attract depositors at year-end.

VietABank has offered a preferential loan totalling VNĐ500 billion (US$22 million) to support businesses in hi-tech agriculture.

Bảo Việt Group, listed on the HCM Stock Exchange as BVH, has become the first finance and insurance company in Việt Nam to earn revenues of US$1 billion.

The Hop Lun Vietnam Company Limited of Hong Kong (China) on Thursday started construction of a clothing factory in the northern province of Vĩnh Phúc.

Many banks won’t be able to offer loans despite the high demand for capital before Tết as they have used up their credit quotas, said Đầu tư Chứng khoán newspaper.

Việt Nam had a trade surplus of US$2.59 billion from the early this year until December 15, according to the General Department of Customs.

Sharply decreasing Liquid Natural Gas (LNG) output and increasing prices of new gas resources are forcing Việt Nam to look to increase LNG imports.

Risks that companies face while exporting and measures to mitigate such risks and collect overseas receivables were discussed at a seminar in HCM City yesterday.