Several local banks have reduced their interest rates in recent days, going against the banking sector’s general year-end trend of increasing rates to boost earnings. Savings rates were reduced by 0.1-0.2 percentage points by ABBank, Saigon-Hanoi Bank (SHB), VPBank and Techcombank.— Photo vietnamnet.vn On Monday, Saigon Commercial Bank (SCB) cut its 24-month savings rate by 0.2 percentage point to 7.55 per cent per annum. Ban Viet Bank (VietCapitalBank) in early November curbed savings rates by 0.1-0.2 percentage point for accounts with terms of less than 12 months and more than 24 months. But the bank raised rates for 15-month accounts by 0.2 percentage point to 8.5 per cent per annum. At Eximbank, savings rates for 15-month and 18-month accounts were also cut by 0.2 percentage point to 8.1 per cent per annum. Savings rates were reduced by 0.1-0.2 percentage points by ABBank, Saigon-Hanoi Bank (SHB), VPBank and Techcombank. The banks’ third-quarter financial … [Read more...] about VN banks lower savings rates but base rate could still be high
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The document was inked by representatives of the Vietnamese Ministry of Industry and Trade (MoIT) and the U.S. Department of State during a working trip to the U.S. from September 30 to October 2 by a MoIT delegation. The MoU is an important milestone in energy collaboration between the two countries, opening up a new page of more intensive and comprehensive cooperation. The document covers various cooperation areas in the energy sector, ranging from energy security, energy market development and energy transformation to relevant regulations and policies, energy management and energy technology and infrastructure, including the role of public-private cooperation. It establishes a clear collaboration framework and mechanism, thus facilitating specific partnerships between Vietnamese and U.S. firms, towards the goal of sustainable energy development in Vietnam. At the signing ceremony Both sides hoped that the document will create the foundation for the building of … [Read more...] about Vietnam, U.S. establish comprehensive energy cooperation partnership
On average, she saves a liter of milk a day. Once she has eight liters, she tells Tu Du Hospital to send someone to pick it up. It has added up to 172 liters in the last six months, and scores of preemies and orphaned babies have benefited. "It is lucky I produce a lot of milk, and after nursing my baby I hand over the rest to the milk bank," she says. "I don’t have any secrets for producing lots of breast milk". Two months after she gave birth to her child Quyen voluntarily contacted the milk bank and offered to donate. Nguyen Huu Tien, 39, her husband said he has always supported her milk donation to help preemies and children whose mothers have difficulty producing milk. He also gives a hand with cleaning the breast pumps and storage bottles. The couple have also donated a mobile breast milk container to Tu Du Hospital. She has been the biggest donor followed by Nguyen Thanh Tam, who has donated 142 liters. Tam was delivering her second child on March 16 … [Read more...] about Human kindness keeps Saigon milk bank overflowing
Koi fish are released into West Lake to test the water quality in September.—VNA/VNS Photo Thành Đạt HÀ NỘI — The People’s Committee of Hà Nội has assigned the city’s Construction Department to treat a pool of standing water with nano-bioreactor technology. The Japan Environment and Trade Promotion Organisation (JETRO) will undertake the treatment of odour, water and mud in the pool. The committee asked the organisation to send a dossier of technical standards related to the technology, a certificate of processing technology, accredited by the Government of Japan and several documents to the construction department. The move came after the Japanese nano-bioreactor technology, applied to a section of Hà Nội’s polluted Tô Lịch River and West Lake since May, initially showed positive results. Results released on October 30 said the noxious odour and level of mud in the Tô … [Read more...] about Pool be treated with Japanese nano-bioreactor technology
Real estate firms are rushing to issue corporate bonds, which analysts say shows their thirst for capital. But there are risks. A report of the State Securities Commission (SSC) showed that VND60 trillion worth of corporate bonds were issued in the first half of the year. Meanwhile, according to Military Bank Securities, the figure is VND70 trillion. Real estate firms are rushing to issue corporate bonds, which analysts say shows their thirst for capital. But there are risks. The high bond interest rate is what analysts find worrying. Kim Chi Real estate firms switch to bonds due to less bank loans Bond issuance is becoming an ideal channel for real estate firms to raise capital as credit policies for property development are gradually being tightened, experts said. Strong desire for M&A deals in real estate Foreign investment flows into Vietnam’s property sector through merger and acquisition transactions have been reported to be on a strong … [Read more...] about What’s behind real estate firms’ race to issue corporate bonds?