Việt Nam News

Many banks missold life assurance policies, with some customers having their savings deducted to purchase agreements without their knowledge, a MoF investigation has found.

The cuts will support a reduction in gasoline prices in the near future.

Under the Hà Nội real estate market insight in the second quarter of 2023 recently released by CBRE Việt Nam, net absorption of industrial land in Tier-1 markets reached 386ha and 397ha in the North and South, respectively. These figures are up by 60 per cent for the North and 20 per cent for the South compared to the same period of last year. 

The rallies were buoyed by many supportive factors, including the recovery of the real estate industry, the amendments to the Land Law, public investment trend, and lower rates.

Gia Bình II Industrial Park project was formed in four communes of Nhân Thắng, Bình Dương, Thái Bảo and Vạn Ninh, with an area of 250 hectares, total estimated investment capital of VNĐ3.95 trillion (US$166.7 million).

More than VNĐ42 trillion ($1.77 billion) worth of corporate bonds were rolled over in the second quarter, providing issuers, mostly property developers, much-needed breathing space amid the financial turmoil. 

The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) climbed 11.85 points, or 1.05 per cent, to close Friday at 1,138.07 points. The gain reclaimed all losses of Thursday's trading and lifted the index close to the peak of 1,140 points.

HCM City is committed to creating a “business-friendly environment” to attract foreign investment by enhancing its legal and regulatory landscapes, a senior official has said. 

According to Vietjet, passengers will have benefits including reimbursement of medical expenses incurred due to accidents or illnesses (including COVID-19), flight-related problems (including flight delay, baggage delay, baggage loss or damage, lost travel documents), and Global Travel and Medical Support Services 24/7.

The Greece-flagged Maran Gas Achilles ship will transport 70,000 tonnes of LNG from Bontang port in Indonesia to Thị Vải LNG warehouse in southern Bà Rịa-Vũng Tàu province.

German businesses in Việt Nam are more confident about growth and have positive expectations about the country’s economic growth than they did in autumn 2022, according to a biannual survey.

The Singapore Regional Business Forum (SRBF), which includes Platinum Sponsor Việt Nam Technological and Commercial Joint Stock Bank (Techcombank), has attracted great attention from Singapore's leading partners and businesses, especially fintech companies looking for new business opportunities in Việt Nam and those who are playing a key role in the digital economy.

It doesn't matter if a ceiling of 5.0 or 3.0 per cent would be imposed. All that matters is that credit institutions are obliged to disclose who is pulling their strings.

With the expectation that deposit interest rates will continue to fall in the coming quarters while corporate profits begin to recover, brokerages forecast that the Vietnamese stock market will be uplifted in the second half of 2023.

Given the massive warehousing demand fueled by e-commerce, coupled with the outstanding advantages of modern good-grade infrastructure in prime localities, multi-storey facilities are forecasted to develop strongly in Việt Nam in the coming years, experts said.

The nation is relying more on coal power this year due to water shortages at hydro-electric dams across, leading to a 10-15 per cent increase in goal demand.

The State Bank of Việt Nam has cut policy rates four times to reduce the commercial banks' lending interest rates for home buyers as well as businesses.

The overall market absorption rate is just 11 per cent, equivalent to more than 2,700 transactions, in the first quarter this year, down more than 50 per cent compared to the same period last year.