(SGI) - Despite investor fears, the stock market has seen an increase of approximately 1.1 percentage points in the VN Index in May. Although, it is the influx of short-term capital that has been driving the markets during this subdued phase.
(SGI) - Thai billionaires who have invested in Vietnam and who have over time endured endless challenges and setbacks, are now reaping the rewards of their investment acquisitions in lucrative businesses such as in Sabeco and BMP.
(SGI) - At a time when most businesses are facing serious losses, with some even in dire situations and having to sell off much of their assets, banks continue to announce profits of thousands of billion dongs.
(SGI) - By early May, commercial banks have started to reduce deposit interest rates. With this the average deposit interest rate that had peaked in January at 9 percent per year for a 6-month term decreased to around 7.5 percent per year.
(SGI) - Even as the biggest real estate businesses struggle with debts and bankruptcy, banks continue to stay afloat and tackle the bad debts situation over a period of time. This ability of banks helps in bank stocks not falling too low, despite overdue payments.
(SGI) - The life insurance market was in the news recently for having duped an actor. Now much needs to be done, according to Mr. Trần Nguyên Đán, a lawyer and a lecturer at the University of Economics in Ho Chi Minh City.
(SGI) - At the fifth session of the National Assembly that was held this May, it was decided that the Government will submit an amended Bill on Credit Institutions for approval at the next session of the National Assembly in October.
(SGI) - Banks in Vietnam are now very keen to tie up with financially strong foreign partners to increase their capital, especially in the current situation where capital flow is limited to small deposits and people in general are holding on to their savings.
(SGI) - When the general public at large begins to distrust the policies of life insurance, then it is the banks that life insurance companies turn to so as to regain their market base. Banks then compel their customers on some pretext or monetary scheme to buy life insurance.
(SGI) - During the first three months of the year, it has become apparent that China is emerging as a strong export destination for many Vietnamese agricultural products. With the US and European market still struggling to recover, China may well be the much-needed answer for Vietnam.
(SGI) - These days, anyone passing through Đông Thành commune in Bình Minh town in Vinh Long province, along the area leading to Can Tho bridge, can admire the golden hues of the Marian mango or Plum mango.
(SGI) - For the last four decades, Ho Chi Minh City has held its position as the major economic hub of Vietnam. According to the General Statistics Office, in 2020 the economic growth of Ho Chi Minh City contributed around 21.8 percent towards the GDP of the country.
(SGI) - Since February, domestic stocks have been almost flat, while the US Dow Jones is back near historic heights. Both domestic and foreign stock markets have had a positive start in 2023, but expectations for the rest of 2023 are much awaited.
(SGI) - Vingroup Joint Stock Company ("Vingroup") (ticker "VIC") released its unaudited consolidated financial statements of the first quarter of 2023 (1Q2023) prepared in accordance with Vietnamese Accounting Standards (VAS).
(SGI) - After the General Statistics Office announced that the GRDP index of Ho Chi Minh City in the first quarter of 2023 had only increased by 0.7 percent, leaders in Ho Chi Minh City are looking at drastic actions to revive the economic hub of the country to its old glory again.
(SGI) - During his first official visit to Vietnam , during the 50th Anniversary of diplomatic relations between Vietnam and Australia, Senator the Hon Don Farrell, Minister for T rade and T ourism and Special Minister for State , joined Australia ’s Ambassador to Vietnam Andrew Goledzinowski and delegation in congratulat ing Vietjet on the inauguration of direct routes connecting Vietnam and Australia.