Business Beat

Bank lending rates expected to fall in the new year

A report by securities firm SSI on the financial and monetary market says deposit interest rates are likely to be cut by 0.5- 1 percentage point this year, and lending interest rates would also be cut by at least 0.5 percentage points as required by the Government.

Business Beat

The rat race in e-commerce

The closing of many online retail websites by both foreign and domestic companies has shown that despite having key advantages like market size of US$13 billion by 2020 and an annual growth rate of 30 per cent, Việt Nam’s e-commerce market remains highly competitive.
Business Beat

Việt Nam attracts world leading hotel management brands

Japan’s Watabe Wedding Corporate recently signed an agreement with Empire Group Việt Nam to organise wedding ceremonies for 1,000 Japanese couples in the latter’s Cocobay Complex in Đà Nẵng in the next three years, and the figure is expected to increase to 16,000 in the next 10 years.

Business Beat

Buybacks expected to perk up bank stocks

On October 10, the HCM City Development Joint stock Commercial Bank (HDBank) announced that its shareholders had approved a plan to buy a maximum of 5 per cent of its 981 million shares being traded on the market, equivalent to 49 million shares.
Business Beat

Banks cut priority loan interest rates

Soon after the US announced a 0.25 per cent cut in the benchmark interest rate on July 31 seven Vietnamese banks, including State-owned lenders, announced a cut in interest rates on đồng loans of at least 0.5 per cent to firms in the Government’s priority sectors.