Transport firms unwilling to cut fares amid falling fuel prices
Although fuel prices have dropped by around 20 per cent since June, many transport firms are still sitting tight, unwilling to cut fares amid falling costs.
Pink mandarin yield for Tết falls dramatically
Farmers in Đồng Tháp Province’s Lai Vung District are expected to supply 80 per cent less pink mandarin, a specialty fruit for Tết (Lunar New Year) festival, compared to the previous last Tết, which falls on January 25.
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
Several positive factors keep đồng steady against greenback
The foreign exchange market is witnessing an unusual phenomenon: the đồng is not just steady against the US dollar but also 0.16 per cent up from its rate at the end of late 2018.
Business Beat
Liquidating morgaged assets to recover bad debts still difficult
With the financial year drawing to a close, banks are busy selling mortgaged properties to resolve bad debts, recovering capital.
Business Beat
Central bank tightens lending for property sector
To take effect on January 1, the new Circular No 22 issued by the State Bank of Việt Nam focuses on two changes that will tighten banks’ lending to the property sector.
Business Beat
Central bank brings cheer to businesses ahead of festive season with rate cuts
The central bank’s decision to lower the interest rates by 0.2-0.5 percentage points on November 19 is a happy augury for businesses.
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
Banks’ profits from foreign exchange trading dwindling
One thing that stands out in many banks’ third quarter reports is the sharp drop in profits from foreign exchange trading activities.
Business Beat
Educators discuss learning in the digital era
Training modern staff with technology has become a strategy of many enterprises, according to Benjamin Bruce Davidson, an expert from Mercuri Group, which provides sales consulting training worldwide.
Business Beat
Bank lending interest rates to remain steady, say experts
After increasing steadily in recent times, deposit interest rates at most banks are standing at rather high levels.
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
Basel II deadline rapidly approaching, are banks on course to meet norms?
Banks with a relatively good performance and financial situation can easily adopt Basel II standards whereas it is difficult for those facing financial difficulties.
Business Beat
Electronic know your customer/client holds key to digital banking
The banking sector is waiting for the State Bank of Việt Nam to allow the use of electronic know your customer/client (e-KYC).
Business Beat
Việt Nam enters home stretch in fight against dollarisation
From October 1 lenders including banks will not be allowed to provide medium- and long-term foreign currency loans to businesses to pay for imports. Many market observers said this is the State Bank of Việt Nam’s final step in its fight against dollarisation.
Business Beat
Money market loosening, despite wait for rate call
The money market is seeing the first signs of loosening though the State Bank of Việt Nam has yet to make a decision on reducing benchmark interest rates.
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.
Business Beat
Authorities want banks to give up corporate bond addiction
The Hà Nội Stock Exchange said that Nha Trang Bay Investment and Construction Joint Stock Company successfully issued private corporate bonds worth VNĐ650 billion (US$28.2 million), all of it to the Việt Nam Maritime Bank.
E-paper
Việt Nam's economic growth forecast at 7.5 per cent in 2022: World Bank
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FBI hands over illegally-acquired cultural artefacts to Việt Nam
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Two entertainers allegedly involved in Spanish rape case return to Việt Nam
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THACO determined to turn Emart into leading supermarket chain in Việt Nam
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Petrolimex applies solutions to cope with fluctuations in petrol prices
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