Large commercial banks agree to further cut interest rates
HCMC – Four state-owned commercial banks have agreed to further reduce interest rates following their meetings with the Government and the State Bank of Vietnam (SBV). Prime Minister Pham Minh Chinh held a meeting with the SBV and state-owned commercial banks on credit growth yesterday in Hanoi,
Non-life insurance provide enterprises are required to manage risks
The Insurance Supervision and Administration Department (Ministry of Finance) requires non-life insurance businesses to manage risks with three independent lines of protection.
A close look of the sea square with a capacity of 10,000 people in Sam Son
From the sea tourism season of 2023, Sam Son Beach Square (Sam Son City, Thanh Hoa) with a capacity of 10,000 people will be put into operation and ready to serve tourists.
A dreamlike fishing village in Binh Dinh, Viet Nam
Besides Eo Gio and Ky Co, Nhon Ly commune has an ancient fishing village with sea-style murals.
Thua Thien Hue focuses on promoting green and sustainable transport development
The Chairman of the People's Committee of Thua Thien - Hue province said that electric taxis align with local construction and development orientation based on heritage and environmental friendliness.
Hanoi: Suddenly suspended the auction of 44 land lots in Dong Anh district
44 plots of land at the X6 land in Ha Lo village, Lien Ha commune, Dong Anh district, Hanoi were scheduled to be auctioned yesterday (April 23) but were suddenly canceled.
Airfares for upcoming holiday plunge
HCMC – Domestic airfares for the upcoming holiday have significantly dropped compared to last week’s levels, with many flights seeing a reduction of 25-30% in ticket prices. Vietjet Air has announced to revise down airfares for the Hanoi-HCMC route, departing on April 29 and returning on May 3,
New FDI approvals down in Jan-Apr
HCMC – Fresh foreign direct investment (FDI) approvals nationwide in the year to April 20 had reached nearly US$8.9 billion, down 17.9% against the year-ago period, according to the Foreign Investment Agency at the Ministry of Planning and Investment. There were 750 new FDI projects registered
Banks allowed to reschedule debt
HCMC – Banks can now reschedule debt owed by corporate clients, according to a new circular issued by the State Bank of Vietnam (SBV). Circular 02, which is in force until June 30, 2024, permits banks to extend debt repayment and keep debt classfications unchanged for debtors who are struggling to
VCRE, Nobu Hospitality to develop project in Danang
HCMC – Viet Capital Real Estate (VCRE) and Nobu Hospitality, a luxury lifestyle brand, signed a deal this morning, April 25, to develop a complex of hotels, restaurants and residences in Danang City. The signing ceremony took place at the GEM Center in HCMC, with the participation of Trevor
Authorities to oversee prices of social homes
HCMC – The Ministry of Construction would inspect the real estate sector, particularly social housing projects that are offered at higher prices than normal, said the ministry at its quarterly press conference on April 24. With many social housing projects advertised to be sold at a price hundreds
Central bank eases control over corporate bond buybacks
HCMC – The State Bank of Vietnam (SBV), the central bank, is providing much-needed support for the illiquid corporate bond market by making it easier for local banks and branches of foreign banks to buy back corporate bonds. On April 23, the SBV issued Circular 03/2023, suspending Clause 11,