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HCM City (VNA) – The interest rates were kept stable in the first six months of 2018 while the lending rates for priority fields have decreased. The information was revealed at a meeting to review the banking activities in the first half of 2018 in Ho Chi Minh City on June 13. State and commercial banks cut about 0.5 percent per year in interest rates for consumers with good credibility. At current, interest rates of short-term loans stand at 6-9 percent while those of mid- and long-term loans are about 9-11 percent. Those with high credibility and financial capability could enjoy rates of 4-5 percent per year.  According to Vice Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong, to ensure the liquidity of credit organisations and stabilisation of the monetary and forex market, the central bank will focus on the flexible management of open market operations in line with market developments and available capital of credit organisations. The bank will make it … [Read more...] about Interest rates kept stable in first half of 2018

Based on the master plan, the first phase of the HCM City Water Environment Improvement Project in Tàu Hủ – Bến Nghé river basins was carried out in 2017, with a wastewater treatment plant with a daily capacity of 141,000 cubic metres being built and drainage capacity improved in the Tàu Hủ – Bến Nghé canals, and new interceptors and sewer pipes being installed. … [Read more...] about Japan provides HCM City non-refundable grant of $16.8m to upgrade sewer system

Dorufoam plans to ship its wholly Vietnamese natural products to Russia, European and American markets. — Photo tapchicaosu.vnViet Nam News HÀ NỘI — Đồng Phú Rubber Technology JSC (Dorufoam) plans to ship its wholly Vietnamese natural products to Russia and European and American markets, apart from the traditional markets in China and Cambodia.  … [Read more...] about Dorufoam expands exports to Russia, Europe, American markets