Banking supervision department

Interest rates decline further From mid-November this year, most commercial banks simultaneously lowered their deposit rates further, although they had adjusted deposit interest rates many times before. The interest rates for over 12 month-term deposits of many banks have dropped to less than 6 percent per annum. Meanwhile, the interest rates for less-than-six-month terms in some commercial banks have also lowered to around 3 percent per annum, much lower than the ceiling regulated by the State Bank of Vietnam (SBV). The reduction of deposit interest rates has further facilitated commercial banks to offer several preferential interest rate packages for enterprises during the business occasion at the end of the year. For instance, the lending interest rate of business loans for small and medium-sized enterprises applied by Vietcombank is at only 5.9 percent per annum, lower than the 12-month deposit interest rate of some other commercial banks in the market. Agribank has also … [Read more...] about Banks enable credit capital at year’s end

The project, which requires an estimated investment of VND31.32 trillion in the first phase, will help connect the southwestern region with the Ba Ria-Vung Tau and Dong Nai provinces and link expressways and national highways with Cai Mep-Thi Vai and Sao Mai-Ben Dinh port complexes and the Long Thanh International Airport. … [Read more...] about VEC seeks advance capital for Ben Luc-Long Thanh expy project

Whitmore disease, also known as Melioidosis, is caused by Burkholderia Pseudomallei bacillus. These bacteria are found in soil, dirty water or in rice fields and stagnant water. They can spread to humans and animals by direct contact with sources of contamination. … [Read more...] about Health ministry orders preventive measures against Whitmore disease

Dr Đỗ Tuấn Đạt, VABIOTECH director, said: “Once the pre-clinical phase is completed, we will enter the human clinical trial phase. It is expected that until early 2021 the soonest, VABIOTECH will collect enough data to be licensed to conduct the trial of COVID-19 vaccine on humans.” … [Read more...] about Viet Nam remains at high risk of COVID-19 infections: health minister

He added that medical facilities are also a possible source of community transmissions as almost all of them have resumed operations and the number of visitors started to increase. Meanwhile, both public and private hospitals have loosened COVID-19 prevention and control measures. … [Read more...] about Vietnam remains at high risk of COVID-19 infections: health minister