Vietnamplus

The Airports Corporation of Vietnam (ACV) expects profit this year will reach just 1.7 trillion VND (73.4 million USD), a decrease of more than 6 trillion VND compared to the year’s forecast, due to the effect of COVID-19.

As the State Bank of Vietnam (SBV) has ordered tight control over real estate loans by credit institutions, property firms and developers have to seek alternative ways to raise their capital, and many of them have decided to issue shares to fund their business.

After pushing long-term rates to a two-year high of 8.38 percent, some commercial banks continue to raise short-term deposits to the 5.5 percent cap.