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HDBank and HD SAISON have a loan package of VND120 billion with preferential interest rates for individual and corporate customers. — Photo courtesy of HDBank To support households and companies due to a slump in foreign trade, HDBank is offering loans at attractive interest rates from 0.5 to 3.5 per cent per year from now to December 31. Accordingly, HDBank reduced lending rates to 3.5 per cent per year for individual customers and to 2.5 per cent for corporate customers in different industry groups. HDBank and HD SAISON have a loan package of VND120 billion with these preferential interest rates in an effort to follow the call of the Government and the State Bank of Viet Nam to eliminate illegal loansharking. For corporate customers, HDBank reduces interest rates for customers in the following fields: import and export, in export processing zones and industrial parks, agriculture, transportation, small and medium-sized businesses, processing industry, manufacturing, … [Read more...] about HDBank offers loan programmes for businesses

Illustrative image (Photo: Masan) Hanoi (VNS/VNA) - Many Vietnamese businesses have boosted foreign fundraising to cope with their capital shortage amid the country's tightened monetary policy . In the context of tightened and expensive domestic capital sources, mobilising capital from abroad is an opportunity for local reputable enterprises and banks, and many of them have recently announced huge loan agreements with foreign financial institutions. A recent report from financial data service provider FiinGroup showed the channel for raising capital through domestic bonds is gloomy, but many domestic enterprises still succeeded in mobilising international loans. Specifically, ten deals announced recently had a total value of nearly 1.92 billion USD. Among the deals, VPBank signed a loan agreement worth 500 million USD on November 11 with five major financial institutions – Asian Development Bank (ADB), Sumitomo Mitsui Banking Corporation (SMBC), Japan International … [Read more...] about Businesses promote int’l fundraising amid domestic tightened policy

The Korea Festival, themed "The Soul Station", featured Korean products for beauty, cuisine, and lifestyle, honoring 30 years of diplomatic relations between Vietnam and South Korea. Shoppers to Estella Place, at 88 Song Hanh Street, An Phu Ward, Thu Duc City, could explore and purchase more than 700 products from 207 Korean companies on display at 40 booths. Entrance to the Korea Festival at Estella Place. Photo by Estella Place In addition to well-known Korean consumer goods manufacturers like Lock&Lock, the event had representatives from provinces, including Gangwon-do, Busan, and the Fisheries Association, to introduce their local specialties. Nguyen Duc Minh, Senior Director of Keppel Land in Vietnam, expressed excitement when the company had the opportunity to host the annual Korea Festival in order to introduce Korean culture to Vietnamese customers. "Through this event, we hope to celebrate the unique culture of Korea as well as introduce Korea's … [Read more...] about Estella Palace hosts Korea Festival 2022

Illustrative image (Photo: VPBank) Hanoi (VNS/VNA) - The International Finance Corporation (IFC) has completed the disbursement of a loan worth nearly 3.7 trillion VND (150 million USD) to Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to promote projects which would create sustainable value for the business community and the economy. The loan with a five-year term would help VPBank to have more resources to meet the urgent credit needs of small and medium-sized enterprises (SMEs), women-led enterprises and projects in environment protection and climate change response in Vietnam. In the context that the world economy and Vietnam are facing a number of difficulties and challenges, IFC’s disbursement of the 150 million USD loan to VPBank affirmed the bank’s capacity and reputation in the international arena. As a dynamic, innovative, and creative bank, VPBank was constantly looking for international capital sources at reasonable costs in order to meet the credit … [Read more...] about VPBank receives loans from large financial institutions, affirming its reputation

Hanoi is among the few cities and provinces with the fastest tourism growth in Vietnam. Director of the Hanoi Tourism Department, Dang Huong Giang, shares with The Hanoi Times her plans to promote the image of Vietnam and its capital city via new tourism packages. Director of the Hanoi Tourism Department Dang Huong Giang. Hanoi is the heart of Vietnam, playing an essential role in connecting provinces and cities across the country. Please tell readers about the capital city's specific plans to promote the image of Vietnam to international friends. As the heart of the country, Hanoi continually defines a leading role in tourism with special activities to connect localities nationwide, especially those with relics and heritage sites. We have recently collaborated with the northern provinces of Quang Ninh and Ninh Binh to open a tour passing ancient cities of Vietnam. We will continue to join hands with the northern mountain provinces of Son La and Lao … [Read more...] about Hanoi rebuilds tourism for future

The showcase is part of the Green Economy Forum & Exhibition (GEFE) 2022, hosted by the European Chamber of Commerce in Vietnam (EuroCham), which is taking place over November 28-30. The Norwegian pavilion at GEFE 2022 Norwegian deputy head of Mission Mette Møglestue said, “We commend the creative initiative of EuroCham to organise GEFE. Green growth has become dispensable in today’s world. To reach the targets, it is impossible not to involve businesses, industries, and social partners, for they play a crucial role in the just transition towards a renewable, circular, and sustainable future. As many as 11 Norwegian companies took part: Equinor, Norsk Solar, Scatec, Empower, TerraMarine, Tomra, Jotun, Vard, Yara, Emarasia, and Visco. “Together with these companies, the Norwegian Embassy and Innovation Norway in Hanoi want to show our readiness and interest to support the government of Vietnam in its green growth efforts as well as implementation of the net-zero … [Read more...] about Norwegian companies bring green tech solutions to Vietnam

The province’s location in the southeastern region, bordering many southern economic hubs such as Ho Chi Minh City, Dong Nai and Binh Thuan provinces, is also an advantage for Ba Ria - Vung Tau to attract both domestic and international visitors. * Developing diverse tourism products In the 11-month period from January to November this year, Ba Ria – Vung Tau welcomed around 12 million visitors, equal to nearly 350% of the yearly plan and up 248% from the same period last year, according to the provincial Tourism Department. The outstanding result is attributable to the province’s efforts to upgrade and diversify its tourism products and services. Over the recent past, Ba Ria – Vung Tau has invested in many high-class leisure tourism properties, which has helped the province attracted both domestic and international tourists. Some examples are Morito Beach Ho Tram, Ixora Ho Tram by Fusion, Hyatt Regency Ho Tram Resort & Spa, Binh Chau Hot Spring Resort, and Coastar Estates … [Read more...] about Ba Ria – Vung Tau – attractive leisure tourism destination