Banks cut home loan interest rates Business

Banks cut home loan interest rates

Interest rates of home loans at commercial banks have tended to reduce significantly since the second half of July due to low capital demand from business and production.
HD Bank’s profit up 31.5 pct. in H1 Business

HD Bank’s profit up 31.5 pct. in H1

The HCM City Development Joint Stock Commercial Bank (HD Bank) reported impressive results on August 3 for the first half of 2020, with pre-tax profit growing 31.5 percent year-on-year to over 2.9 trillion VND (124.3 million USD).
AIIB approves 100-million-USD loan to VPBank Business

AIIB approves 100-million-USD loan to VPBank

The Asian Infrastructure Investment Bank (AIIB) said on July 17 that its board of directors had approved a 100-million-USD loan to the Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to help sustain business activities disrupted by the COVID-19 pandemic.
Techcombank to issue 4.7mn shares to employees Business

Techcombank to issue 4.7mn shares to employees

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) plans to issue 4.7 million shares to current employees under its employee stock ownership plan (ESOP), at a price of 10,000 VND (0.43 USD) per share.
Nearly 300 Cambodian SMEs apply for loans from ARDB World

Nearly 300 Cambodian SMEs apply for loans from ARDB

Cambodia’s Agriculture and Rural Development Bank (ARDB) said that it has received more than 288 loan applications so far with a total value of 31 million USD from small and medium sized enterprises (SMEs), according to Khmer Times.
Philippines sees record high in unemployment rate ASEAN

Philippines sees record high in unemployment rate

Unemployment in the Philippines soared to 17.7 percent in April, equivalent to around 7.3 million jobless Filipinos amid the COVID-19 pandemic, the Philippine Statistics Authority (PSA) announced on June 5.