The Vietnam Association of Financial Investors (VAFI) has called for gradually bringing bank deposit interest rates down to zero so that lending interest rates could be cut to boost growth. The current rates of 3.5-6.2 percent are high compared to other countries, and lead to higher loan interests, it said. Short-term deposit rates in ASEAN […]
Read MoreSINGAPORE: Singapore and Vietnam are discussing ways they can prepare to “gradually and safely” resume business travel and travel to “selected tourist sites”, said Singapore’s Foreign Affairs Minister Vivian Balakrishnan on Wednesday (Jun 23). Dr Balakrishnan said this will “hopefully” be done by the end of the year. The minister was wrapping up his four-day visit to Hanoi. It marked the […]
Read MoreThe move will help ensure the effective utilization of the Agreement on Singapore-Vietnam Economic Connectivity. The Vietnam-Singapore Industrial Park (VSIP), which has been a symbol for bilateral economic cooperation between the two countries, should be upgraded to become an environmentally friendly and high-tech industrial park model. Deputy Prime Minister Pham Binh Minh made the suggestion […]
Read MoreVietnam exported a total of 4.88 million tonnes of iron and steel worth US$3.61 billion during the five months of the year, with China emerging as the largest buyer, according to the General Department of Vietnam Customs. This figure represents a rise of 61.6% in volume and 117% in value compared to the same period […]
Read MoreReal estate, in the eyes of investors, is the most profitable and least risky business field. Nguyen Manh Thang, director of an investment company in Hanoi, is well known for his education projects. However, he has now injected money into real estate. Thang said as schools have been hit hard by Covid-19, he has had […]
Read MoreWith the pandemic complicating movement and forcing many employees to work from home more often, coworking space operators in Vietnam are using the time to improve their interiors and services, while trying to continue expansion. The pandemic impacted the real estate market in a significant way and coworking spaces are seeing the after-effects of the […]
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