Unpredictable risks
With interest rates soaring, corporate clients are coping with a higher financial cost, a decline in consumption of goods and services and other hardships that may force them to scale down their operations or even go bust. Banks as intermediaries between depositors and borrowers are grappling with
Vietnam textile enterprises strive to overcome difficulties when orders remain scarce
Vietnam textile and garment enterprises are focusing on repositioning domestic and export markets, product positioning, and technology management as well changing production models appropriately to overcome difficulties.
Vietnam Corporate bonds "break the ice": Real estate group accounted for more than 98%
Corporate bonds issued by the real estate sector accounted for 98.2% of the total volume of the first quarter of 2023.
A sandbox for HCMC
It is likely a Resolution on piloting a new special mechanism for HCMC’s development will be endorsed by the National Assembly during its sitting in May 2023. A new resolution to replace Resolution 54/2017/QH14 is in dire need now, but a more important question is whether the new resolution will
Cycling tour held in HCMC to mark 50th year of Vietnam-Netherlands ties
HCMC – The Consulate General of the Netherlands in HCMC this morning (April 8) held a bike tour around District 1 to highlight the growing Vietnam-Netherlands cooperation in green development and sustainable mobility. Some 400 participants, including local officials and Dutch Consulate General
HCMC’s metro line firm faces shutdown
HCMC – The cash-strapped HCMC Urban Railway No. 1 Co. Ltd. (HURC1), the city’s Metro Line No. 1 operator, has been on the verge of going bankrupt given prolonged financial constraints. HURC1 had used all of its VND14-billion charter capital for operational costs as of August 2021, the HCMC
Interbank interest rates increase four-fold
HCMC – Overnight interbank interest rates on April 6 surged from 0.9% per year to nearly 4.5% per year, leading many experts to predict a further interest rate cut by the State Bank of Vietnam. After a decrease at the end of March, the interbank interest rate showed signs of increasing immediately
CAAV to increase flight frequency at Tan Son Nhat airport
HCMC – The Civil Aviation Authority of Vietnam (CAAV) has decided to increase aircraft movements at the Tan Son Nhat International Airport to meet the rising travel demand during the April 30-May 1 holiday and summer vacation. Tan Son Nhat will have an additional 26 slots per day from April 28 to
Employees’ average income rises in Q1
HCMC – The average monthly income of workers was VND7 million per person in the first quarter of the year, rising by VND197,000 against the previous quarter and by VND640,000 year-on-year, according to the General Statistics Office (GSO). A representative of the Department of Population and Labor
Bell 505 plane crash on Ha Long Bay, Vietnam: all victims found, investigation is underway
Bell 505 helicopter, number VN-8650, crashed in the sea bordering Lan Ha Bay (Hai Phong) and Ha Long Bay (Quang Ninh). There were five people on the helicopter, including a pilot, Colonel Chu Quang Minh, and four Vietnamese tourists.
Six violations of TikTok in Vietnam pointed out
HCMC – The Authority of Broadcasting, Television and Electronic Information has pointed out six major violations committed by TikTok in Vietnam and plans to probe its operations, heard at a regular press conference yesterday, April 6. First, TikTok failed to handle violations in content related to
Last victim in Quang Ninh helicopter crash found dead
HCMC – Rescuers have found the body of the last passenger in the tourist helicopter crash in the waters between Quang Ninh Province and Haiphong City. The body was recovered near Cat Hai District, Haiphong City, a few hundred meters from where the helicopter’s wreckage was found. The Bell 505
