Take big toll

Two more State-run commercial banks - Vietinbank and BIDV - lowered their deposit rates on September 19 to match the lowest level during the COVID-19 pandemic. Both cut their rates by 0.2 or 0.3 percentage point on deposits with a term of three months or longer. The rate for deposits with a 12-month term was also lowered by 0.3 percentage point to 5.5% per annum. For one-month and two-month deposits, the rate remains at 3%. These rates are similar to those of Vietcombank and Agribank, which were revised downwards on September 14./. VNA … [Read more...] about “Big Four” banks lower deposit interest rates to COVID-19 levels

Vietnamese singer Hanbin. Photo from TEMPEST's Twitter The Vietnamese artist and his six bandmates held their showcase Wednesday to present their new single "Into the Storm." Footage of his performance has garnered tens of thousands of interactions from the public audience on various South Korean news outlets and social media platforms. Hanbin said during the Q&A section that he wanted to hold more tours with his bandmates in the future, and wanted his home country Vietnam to be one of the stops of the tours. "I can go everywhere as long as you [fans] are there," he said. The group also promised to bring the fans more interesting experiences in the future. Born Ngo Ngoc Hung in the northern Yen Bai province, Hanbin gained attention with his attendance in the South Korean reality show "I-Land," produced by boy group BTS’ management agency Big Hit Entertainment, in 2020. He then signed a contract with Yuehua Entertainment and debuted in the K-pop idol group TEMPEST … [Read more...] about Vietnamese singer creates buzz in South Korea

Prime Minister Pham Minh Chinh (L) and President of the 78th UN General Assembly ( UNGA 78 ) Dennis Francis . (Photo: VNA) New York (VNA) – Vietnam attaches importance to and supports the United Nations (UN)’s central role in the global administration system in order to cope with current big common challenges, Prime Minister Pham Minh Chinh affirmed while meeting with President of the 78th UN General Assembly (UNGA 78) Dennis Francis in New York on September 20 (local time). Vietnam commits to actively contributing to major priorities of UNGA 78, including the consolidation of peace through enhancing trust, fostering cooperation, easing tensions between powers, strengthening solidarity, promoting multilateralism, reforming international financial institutions towards more equality, and realising the sustainable development goals (SDGs), the PM stressed. He held that a global, all-people and comprehensive approach is needed to tackle such challenges, and affirmed that … [Read more...] about Vietnam supports UN’s central role: PM

Liquefied petroleum gas (LPG) tanker at the largest LPG terminal in Việt Nam, PV GAS Vũng Tàu Terminal. Shares of PV Gas plummeted nearly 2.3 per cent on Thursday, pressuring the market's sentiment. — Photo pvgas.com.vn Shares reversed course and inched lower on Thursday after rebounding strongly in the previous session. The market also weighed by continuous outflows of foreign capital. On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index ended the trading day at 1,212.74 points, a decrease of 13.37 points, or 1.09 per cent. The index soared more than 14.6 per cent on Wednesday. The breadth of the market was negative as decliners outnumbered gainers on the southern market. However, liquidity was higher than in the previous session. Of which, both trading volume and value increased 15 per cent and 13 per cent, respectively, to 963.67 million shares and VNĐ23.02 trillion (US$946.7 million). The 30 biggest stocks tracker VN30-Index also declined 15.38 points, or 1.25 per … [Read more...] about Market reverses on sudden sell-off pressure