VietNamNet Bridge – Commercial banks all have reported the sharp decreases in
the volume of capital mobilized since September, when banks began applying the
14 percent ceiling interest rate mechanism. Experts have warned that the
decrease in mobilized capital means higher liquidity risk, while the pressure on
the foreign currency market has also appeared, sooner than expected, partially
because of the gold price increases.SEE MORE China’s economy probably grew more than 9 percent in the third quarter, indicating the nation remains an engine of global growth even as Europe grapples with the sovereign debt crisis and the U.S. recovery falters. SEE MORE In a major blow to the manufacturing industry, the finance ministry has imposed an anti-dumping duty on the use of caustic soda till 2013. SEE MORE VietNamNet Bridge – It is estimated that more than 10 tons of gold have been
sold in an effort to stabilize the market and ease the “gold fever”. As the
supply is profuse, the market has become less boisterous. However, the domestic
price is still higher by 1.5 million dong per tael than the world’s price.SEE MORE VietNamNet Bridge – The official exchange rate fluctuation in recent days is
not the thing experts are worried about. However, they have expressed the doubts
about the feasibility of the government’s plan to curb the exchange rate
fluctuation at below one percent by the end of the year.SEE MORE
