Tour guides get by in wake of COVID-19 Society

Tour guides get by in wake of COVID-19

As tourism activities have come to a complete halt and many firms gone bankrupt, a large number of tour guides end up losing their jobs. They have to do other jobs to earn a living.
Banks struggle to lure long-term capital Business

Banks struggle to lure long-term capital

Banks have to mobilise long-term capital at high costs by issuing certificates of deposit (CD) in Vietnamese dong with high interest rates to lure depositors, causing concerns about a domino effect on lending rates.
FDI firms expand local textile-garment sector to maximise on CPTPP Business

FDI firms expand local textile-garment sector to maximise on CPTPP

Vietnam has become increasingly appealing to large foreign investor groups in the textile and garment industry who want to seize opportunities before the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in January next year, according to analysts.
Economy shows signs of losing momentum: expert Business

Economy shows signs of losing momentum: expert

Vietnam’s economy grew at a fast pace in the first half of 2018 compared to the previous years, but there are indications that it is losing momentum – a problem not only in the last half of the year but also in 2019 and 2020.
Law to allow bank bankruptcies Business

Law to allow bank bankruptcies

The State Bank of Vietnam (SBV) is drafting a law on supporting credit institutions to restructure and resolve bad debt in an effort to quicken the process.
Business

Officials say price transparency needed

Officials agreed on March 16 that they need to do more to ensure commodity prices operate on market mechanisms with greater transparency, even as national utility Electricity of Vietnam (EVN) was roundly criticised for opacity in its price calculations.
Business

Petrol import tax cut to 17 percent

In an effort to help petrol dealers stabilise prices, the Ministry of Finance (MoF) has decided to reduce petrol import tax rates from 20 percent to 17 percent beginning on April 21.
Business

Bailout rumour leads to market rally

Strong buys early in December 14’s trading session on the Ho Chi Minh Stock Exchange lifted the VN-Index to a close of 458.39 points, a gain of 3.2 percent despite strong sales by foreign investors.