Banks cut lending interest rates on gov’t advice
Last week several banks cut their lending interest rates on the recommendation of the State Bank of Việt Nam.
What next for Big C after Thai takeover?
Thailand’s Central Group and its local partner Nguyễn Kim Trading Company have finally won the fierce battle for ownership of Big C Vietnam after offering 920 million euros (US$1.05 billion) to France’s Casino Group.
Property sector urged to seek other capital sources
With lending to the property sector almost surely to be tightened, analysts are calling on real estate firms to securitise their projects and list their shares on the stock markets to raise money from the public.
Banks set bar low for 2016 profits
Despite solid results last year, VPBank announced a modest profit target for this year at its recent annual general meeting.
Protective import tax sends steel prices soaring
A spokesperson for Sông Đà No.2 Joint Stock Company called up a magazine to grumble that steel prices have skyrocketed, pushing up costs for his company by billions of đồng since the prices started to rise.
Local banks ploughing money into aviation sector
The Việt Nam Technological and Commercial Joint Stock Bank (Techcombank) will pick up a 49 per cent stake in VASCO after committing to inject VNĐ147 billion into the restructured carrier.
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