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Business

Banks to lower loan interest rates by 50 basis points

Banks to lower loan interest rates by 50 basis points

Banks are set to cut loan interest rates on Monday on the directions of the central bank, which is seeking to speed up economic recovery.
May 27, 2023 | 01:15 am PT
Dollar ups on black market

Dollar ups on black market

The U.S. dollar rose against the Vietnamese dong on the black market Saturday morning.
May 26, 2023 | 08:34 pm PT
Lender NCB to sell its Bamboo Airways shares at $0.23

Lender NCB to sell its Bamboo Airways shares at $0.23

National Citizen Commercial Joint Stock Bank (NCB) wants to sell the 203 million Bamboo Airways shares it owns at VND5,500 ($0.23).
May 26, 2023 | 08:34 pm PT
Electricity imports a fraction of demand: ministry

Electricity imports a fraction of demand: ministry

Electricity imports from Laos and China account for only a fraction of the demand in northern Vietnam, where shortages are expected, according to the Ministry of Industry and Trade.
May 26, 2023 | 08:33 pm PT
Baby product chain sees plummeting profit

Baby product chain sees plummeting profit

Con Cung JSC, Vietnam’s largest mom and baby product store chain, saw its profit plunge 95% after its two bond repayments worth a total of VND115 billion ($4.9 million) last year.
May 26, 2023 | 04:10 pm PT
Bad debt on the rise at banks

Bad debt on the rise at banks

Bad debt ratios at Vietnam’s commercial banks rose dramatically in the first quarter of the year as the property and finance sectors continued to struggle.
May 26, 2023 | 06:30 am PT
Foreign investors net sell in 5th straight session

Foreign investors net sell in 5th straight session

Vietnam’s benchmark VN-Index dropped 0.08% to 1,063.76 points Friday, with foreign investors net selling for the fifth session in a row.
May 26, 2023 | 12:56 am PT
Houses fail to attract buyers despite price cuts in southern market

Houses fail to attract buyers despite price cuts in southern market

Only three townhouses were sold last month in the south, the lowest number in the last four months, according to real estate services firm DKRA Group.
May 26, 2023 | 12:19 am PT
 
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