Local banks earn high profits in Q1 Business

Local banks earn high profits in Q1

In the first quarter of this year, all local banks reported high profit growth amid the impact of the COVID-19 pandemic. However, the profit growth does not reflect the complete economic picture, according to banking insiders.
New interest rate level forecast in Q2 2021 Business

New interest rate level forecast in Q2 2021

After staying at a low level last year, deposit and lending interest rates will probably increase in the second quarter of this year as credit demand is high again when the COVID-19 pandemic is controlled and the economy rebounds further, according to experts.
Interest rates remain at lowest levels Business

Interest rates remain at lowest levels

Though some banks increased their deposit interest rates early this month, it is not a common trend and the rate currently is still at the lowest level it has been in many years.
IT, telecoms a bright spot amid COVID-19 Sci-Tech

IT, telecoms a bright spot amid COVID-19

The information technology (IT) and telecoms sector has emerged as a bright spot amid the COVID-19 pandemic as companies have quickly optimised opportunities to move ahead and develop sustainably.
Aquatic product exports forecast to reach 9.4 billion USD in 2021 Business

Aquatic product exports forecast to reach 9.4 billion USD in 2021

Vietnam’s aquatic product exports are expected to rake in 9.4 billion USD this year, a surge from 8.5 billion USD in 2020, driven by a strong rebound in demand of export markets and the support of free trade agreements, according to the Vietnam Association of Seafood Producers and Exporters (VASEP).
Prospects for banking solid in 2021 Business

Prospects for banking solid in 2021

In a report on the prospects for the banking industry this year, analysts from the SSI Securities Corporation forecast that banking profits will bounce bank in 2021.
Banks sprint to transfer listing to official bourses Business

Banks sprint to transfer listing to official bourses

Banks are sprinting to transfer the listing of shares from Unlisted Public Company Market (UpCom) to official bourses before the Law on Securities takes effect from the beginning of 2021, which would require two-year listing on UpCom before a public company could go to official bourses.
Interest rate for home loans forecast to stay low in 2021 Business

Interest rate for home loans forecast to stay low in 2021

Interest rates for home loans are expected to be kept at a low level next year to stimulate demand for real estate, which coupled with macro-economic recovery and an increase in supply is hoped to promote the housing market's development, according to a report from the securities company VNDirect.