Banks continue to offer high deposit interest
Banks continue to offer high deposit interest
Thuy Anh
Despite expectations of lower deposit interest rates, commercial banks continued offering the regulated cap of 14 per cent per annum for term deposits between two weeks and 12 months.
However, under-the-table, depositors could still negotiate the rate to around 18 per cent for a one-month term if they had VND1 billion (US$49,000) or more. In some cases, the term was extended to three months.
Several banks, including Eximbank and Sai Gon Commercial Bank, have started promotional programmes, which benefit minor depositors as well.
Meanwhile, several banks have already exceeded the two-per cent fence for deposits in the US dollar. Large sums could help double the official rate.
An industry insider said that without the above-the-cap rate, banks could hardly maintain existing deposits, not to mention attracting additional cash, as the risk of high inflation still exists.
Meanwhile, the large gap between interest rates for the dong and the dollar have prompted corporate borrowers to choose foreign currency.
The lending rate for dong, which has experienced some slack, remained high, at around 21 per cent, while that for the dollar was no more than 8 per cent.
The exchange rate has been stable in recent days and is expected to remain in that direction at least until the year-end.
Figures from the State Bank of Viet Nam showed that by June 20, mobilisation of the US dollar had fallen by 3.62 per cent month-on-month while dong mobilisation rose by 2.32 per cent.
Credit growth in dong as of June 20 had declined by 0.43 per cent. The US dollar climbed by 2.43 per cent month-on-month.
A further comparison to the end of 2010 showed that outstanding loans in the dollar had increased by 23.5 per cent and in domestic currency by only 2.76 per cent.
Vietcombank chairman Nguyen Hoa Binh said both lenders and borrowers longed for reduced rates but that it would take some time for that to occur.
The situation has influenced credit growth. Vietcombank and DongA Bank announced 8 per cent credit growth in the first six months, but the figure fell to under 3 per cent for Sacombank.
The average was more than 7 per cent for the year's first half, compared to the annual target of 20 per cent set by the State Bank.
Coal Chemical Companies In Www - News
BEIJING (Dow Jones)--China's Ministry of Land and Resources issued exploration permits for separate shale gas blocks to China Petroleum & Chemical Corp. (SNP), or Sinopec Corp., and Henan Provincial Coal Seam Gas Development & Utilization Co.,
So, those are your pulp and paper, cement and chemical producing companies and the supply contracts have been in place for quite some time. Then on the exports side, we send out the bituminous product as well. That then goes, of course, into the Asian
They also provide feedstock for the secondary chemical industry. 2. The Secondary Chemical Industry: Secondary chemical industries are based on feedstock either derived from primary industries or other alternative sources of raw material like coal,
The negotiations between the fuel firms and Chemical, Energy, Paper, Printing, Wood, and Allied Workers' Union (Ceppwawu) are the first since the last round of wage negotiations broke down on June 24. They came as the strike, which involves up to 70000
State-owned Viet Nam Coal and Mining Group (Vinacomin) 's acting deputy general director Vu Manh Hung said the company should sell high-quality coal, mainly to chemical and metallurgy industries, and import cheaper coal for thermal power generation.
Coal Chemical Companies In Www - Bookshelf
Chemical engineer
Even when good coal is obtained by this system, it is often an expensive one, because it usually ties the plant down to one coal company — the one that has ...Chemical engineering
With the exception of the patented coal tar colors, Mr. Toch sees no reason ... Cassella Color Company, General Chemical Company) comments on question (2) ...The Journal of industrial and engineering chemistry
I, at any rate, have come to the conclusion that if coal-tar dyestuffs must ... They ask: 'Why haven't our chemical companies experimented sufficiently to ...Chemical week
Yancey hopes the company can now realize some of the profit potential that lies ... year of coal chemical materials — namely, coke-oven light oil and methyl ...Coal age
X Much good would result if coal companies would make compulsory a weekly meeting of superintendents, fire- bosses, mine foremen, master mechanics, ...Detect Guide Directory
EASTMAN CHEMICAL COMPANY KINGSPORT PLANT CHEMICALS FROM COAL ...
The Chemicals from Coal Facility of Eastman Chemical Company began operation in 1983 ... Eastman Chemical Company has nearly $5 billion in annual sales and currently has ...
Eastman Chemical Company's "Chemicals from Coal" Program: The ...
Company in Kingsport, TN was proximity to a large reservoir of ... This resulted in the start-up of. the first modern chemicals from coal facility in 1983, ...
Foreign companies tap coal, chemicals
Compared to modern industries such as high-tech and shiny retail malls, foreign investment in China's coal industry may be seen as a step into the past.
Shengkai Innovations Attended Key Coal-Chemical Exhibition ...
Shengkai Innovations Attended Key Coal-Chemical Exhibition. ... The Company's industrial valve products are used by companies in the electric power, petrochemical, ...
Shenhua Group and The Dow Chemical Company to Sign Co ...
Agreement on Coal-to-Chemicals Project Project represents win-win economic partnership between leading U.S. and China companies MIDLAND, Mich., May 14 /PRNewswire ...