Accordingly, the interest rate of compulsory reserves in VND at banks will be 0.5 percent per annum, and the interest rate on dong deposits from banks that exceed the minimum 3 percent requirement will be zero percent per annum, down 0.5 percent compared to the rates stipulated in a decision on March 16 this year. Meanwhile, the interest rate for deposits in VND by the Vietnam Development Bank (VDB) and Vietnam Bank for Social Policies (VBSP), both state-owned banks; People's Credit Funds and microfinance institutions will be reduced by 0.2 percent to 0.8 percent per annum. The interest rate for deposits of the State Treasury, and the Deposit Insurance of Vietnam with the SBV is revised down to 0.8 percent per annum, down 0.2 percent. The SBV said the adjustment was made based on macro-economic developments and the level of interest rates in the market. … [Read more...] about State Bank of Vietnam cuts some interest rates
State owned enterprises
In late 2017, ThaiBev, through Vietnam Beverage, spent $5 billion to acquire 53.6 percent of Sabeco shares and became the holding company of the largest brewer in Vietnam. In late 2017, ThaiBev, through Vietnam Beverage, spent $5 billion to acquire 53.6 percent of Sabeco shares and became the holding company of the largest brewer in Vietnam. … [Read more...] about Who will buy the state’s remaining 36% of shares in Sabeco?
HCM City (VNS/VNA) - The top 10 most valuable brands in Vietnam 2020 are worth 8.1 billion USD, increasing by 17 percent from last year and accounting for 30 percent of the list’s total value, according to Forbes Vietnam magazine. Forbes has announced the list of top 50 brands this year with total value rising by 22 percent to more than 12.6 billion USD. Military-run telecom giant Viettel tops the list with a brand value of over 2.9 billion USD, followed by Vinamilk, the country’s biggest dairy company, at more than 2.4 billion USD. Telecom giant VNPT is in third place at 509 million USD. The rest of the top 10 are brewer Sabeco, real estate corporation Vinhomes, telecom MobiFone, food group Masan Consumer, State-owned Vietcombank, IT giant FPT, and mall operator Vincom Retail. The ranking was classified by industry. Most of the companies have operating time of more than 10 years. The food and beverage and financial services industries continue to dominate … [Read more...] about Top 10 most valuable brands worth 8.1 billion USD
State-owned economic groups had registered 114 outward investment projects as of the end of 2019 with registered capital of $13.8 billion, according to the MInistry of Public Investment. The total investment capital transferred abroad reached $3.8 billion and the profit $270 million. … [Read more...] about How are SOEs’ outward investment projects performing?
Notably, 62 percent of this cash flow went into stocks off the VN30, a basket of market’s 30 largest capped stocks, which usually accounts for more than half of total trading each session. The VN30-Index this session added 0.7 percent, with 13 gainers and 14 losers. … [Read more...] about VN-Index gains narrow in fifth straight gaining session