The banking sector will continue providing support for its customers affected by the pandemic, including ongoing efforts to restructure debt payments and waive and cut interest rates. Credit institutions in Hanoi have so far waived and lowered lending interest rates for 316,000 customers with a total outstanding loan of VND521 trillion (US$22.7 billion), according to […]
Read MoreThe baht opened at 34.04 to the US dollar on Thursday, surging back from its previous close of 34.53. The currency is expected to move in a range between 33.95 and 34.15 on Thursday, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the factors that would cause the baht to weaken are decreasing because […]
Read MoreThe Regional Comprehensive Economic Partnership (RCEP) trade agreement has boosted Cambodia’s economy in a big way, with export to member countries of the pact hitting $1.95 billion in the first quarter (Q1) this year —up by 11 per cent from $1.75 billion over the same period last year. The top three export destinations were Vietnam, […]
Read MoreThailand can expect to welcome 20 million tourists next year, or about half the pre-pandemic level, Prime Minister Prayut Chan-o-cha said on Tuesday. That projection is likely to materialise provided the Covid-19 situation doesn’t deteriorate again and no new threats to tourism appear on the horizon, he said. Tens of thousands of tourists are arriving […]
Read MoreMANILA, Philippines — The government yesterday borrowed P35 billion from the debt market at a higher yield to investors due to the impending rate hike by the US Federal Reserve. The Bureau of the Treasury issued all of the P35 billion worth of reissued three-year Treasury bonds (T-bonds), with a remaining term of two years […]
Read MoreBualuang Securities (BLS) is bullish on the Vietnamese stock market despite a sharp decline of 11.6% in April, citing Vietnam’s high economic growth prospects. According to BLS Mutual Funds, an investment unit of BLS, the drop in the Vietnam Stock Index can be attributed to three factors. The first factor was the arrest of an […]
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