The move by the four state-owned banks was followed by joint stock banks. The 7 percent interest rate is no longer seen in the bank’s interest rate table. The current highest interest rate is 6.9 percent per annum, applied to 15- and 18-month term deposits. … [Read more...] about Capital in oversupply, banks slash interest rates
Expecting a baby boy
Most companies have shifted their focus from clothes to face masks to meet the rising demand globally. Vietnam exported 557 million masks in the first six months, with the U.S., Germany, Singapore and South Korea being the main markets, customs figures show. … [Read more...] about Plummeting exports threaten textile job cuts
Speaking at a recent seminar on the safety of terraced hydropower systems on the Da River, he said: "Ninety percent of alluvium has been retained by hydropower reservoirs. We cannot expect anything from the remaining 10 percent, because they are just suspended particles." … [Read more...] about Will the sand in the Red River be depleted in 100 years?
Last week, the banking group was the main pillar leading the market up. Most stocks in the industry marked a successful trading week such as Vietcombank (VCB), Vietinbank (CTG), Techcombank (TCB) and Bank for Investment and Development of Việt Nam (BID). … [Read more...] about Shares set to increase, facing corrections
Hanoi (VNS/VNA) - Vietnam’s new immigration law includes a new type of visa for foreigners who come to Vietnam to conduct activities as part of international agreements Vietnam has signed. The change is expected to facilitate the implementation of new agreements that Vietnam has signed such as the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), said Colonel Tran Van Du, deputy head of the Immigration Department under Ministry of Public Security. The department last week held a session to explain immigration laws to diplomatic missions and non-governmental organisations (NGOs) in Vietnam. Vietnam will issue visas with validity from six to 12 months for foreigners who enter to promote services and establish commercial presence according to international agreements. The amendment to the law on entry, exit, transit and residence of foreigners in Vietnam came into force this month. “Strategic foreign investors who … [Read more...] about New immigration law looks to attract investment