Companies prefer borrowing in foreign currency than the dong, with banks' foreign currency credit growth topping 20 per cent as of October.
Shrimp exports hit $3.25b with more growth expected
The Vietnamese equivalent of the English phrase ‘selling like hot cakes' is ‘selling like fresh shrimp' (Dat nhu tom tuoi). It is also an apt description of Vietnamese shrimp exports in the first 10 months of this year.
Sudden spike in lending by banks
According to the State Bank of Viet Nam, banks' credit grew by 2.93 per cent between August 21 and September 30, meaning around VND61.66 trillion (US$2.90 billion) was pumped into the economy.
South Korea becomes top VN investor
With investments of US$3.6 billion in the first 10 months of the year, South Korea has become the top foreign investor in Viet Nam this year.
Long road ahead for Long Thanh Airport funding
French company ADPi, a fully-owned subsidiary of the Aeroports de Paris Group (ADP), has said it did not promise to invest US$2 billion in building a new international airport in Dong Nai Province as claimed by a local official last week.
Lawmakers worried about new airport cost
National Assembly members have voiced concern over the large investment required for building a new international airport in Dong Nai Province near HCM City.
State Bank housing plan may revive market
The State Bank of Viet Nam's stated intention of instituting a new home loan programme has sparked a public debate in recent days.
Better to buy houses in City, rent in Ha Noi: CBRE
House rentals are vastly different in HCM City and Ha Noi. For a similar quality apartment in a comparable location, the rent in HCM City is 10-20 per cent higher than in Ha Noi. This means residential properties in the southern hub can provide better yields than those in Ha Noi for landlords, according to a report released by CBRE.
SOEs struggle to find strategic partners
After a search for suitors that lasted several months the Viet Nam National Textile and Garment Group (Vinatex) finally identified two of them — Vingroup and Vietnam Investment Development Group. But Vinatex's quest for strategic shareholders has not come to a happy conclusion since they are said to be not what the company had expected: both are property companies.
Myanmar Speaker visit set to bolster ties
Economic ties with Myanmar are expected to strengthen following the visit to Viet Nam by the Speaker of the National Assembly, Thura U Shwe Mann, earlier this month.
Tumbling interest rates raise concern
In June 2013 Hoang Thi Kim Hoa deposited VND150 million (US$7,000) in a bank near her house in HCM City. With the interest rate being 6.8 per cent, she got more than VND800,000 each month. But since then the rate has been falling relentlessly, reaching 5.3 per cent last month.

Highlight

Singaporeans unite to help scammed Vietnamese tourist Singaporeans unite to help scammed Vietnamese tourist

The assistance that Singaporeans gave a Vietnamese tourist who was scammed when he bought an iPhone 6 in Singapore has earned much attention and applause from Vietnamese newspapers and netizens.

Old apartments remain in state of disrepair Old apartments remain in state of disrepair

There are more than 1,500 old apartment buildings at risk of collapse across Viet Nam, but in the last decade, only five per cent were rebuilt.

Province backs cable car to cave 1    Province backs cable car to cave

Authorities in central Quang Binh Province have given the go ahead for a highly controversial cable car system connecting various sites in the Phong Nha-Ke Bang National Park to the world's biggest cave, Son Doong.

Edward Scissorhands among free outdoor films Edward Scissorhands among free outdoor films

Saigon Outcast will hold two free Thursday outdoor film screenings this month.

Tax not the solution to online gaming issue 1    Tax not the solution to online gaming issue

A 10 per cent tax on the online gaming industry recently proposed by the Ministry of Finance aims to address the connection between the increase in gaming addiction and game-related crimes among youngsters by charging them more to fuel their addiction.