HCM City firms set for recruitment drive Business

HCM City firms set for recruitment drive

Enterprises are looking to hire more than 20,000 workers in May, an increase of more than 6,000 over the last month, according to the HCM City Labour Market Information and Manpower Needs Forecasting Centre

Banks struggle to comply with lending cap

Despite several efforts, six commercial banks have not been able to reduce loans for non-production sectors to 22 percent by June 30, as required by the State Bank of Vietnam (SBV).

Migrant workers quit HCM City

More manual labourers are moving out of HCM City and returning to their home provinces as the cost of living soars and salaries remain stagnant, according to experts.

Bancassurance starts to boom in Vietnam

Insurance companies in Vietnam have started to work with commercial banks to introduce the Bancassurance Service to the country, hoping to raise revenues and expand their market share. 

Bancassurance includes a range of insurance products sold through banking networks and is also known as the Banking Insurance Model or BIM.
Commercial banks racing to pool capital Business

Commercial banks racing to pool capital

Vietnamese commercial banks have, since late July, lifted interest rates on deposits in VND, especially short-term ones, in a bid to mobilise more capital in the remaining months of the year.