Business

The State Bank of Vietnam is urging banks to further reduce loan interest rates in the coming months, said its deputy governors Dao Minh Tu. At its urging, banks had recently cut both deposit and lending interest rates, he said at a regular government press conference on Friday, pointing out …

Taylor’s Education Group is considering selling a minority stake in a unit that owns private universities in Malaysia and Vietnam. The Loy family, which is behind the group, is working with a financial adviser on the potential stake sale in the unit, which comprises Taylor’s University in Malaysia and British …

Vietnam rice price was US$526 a ton on average in Q1 2023, 7.6% up year-on-year, which overtook Thailand to top the world. This is also the highest price in 2 years. Vietnamese 5-percent broken rice sells at $500 a ton, $50 more than last month, and the highest since April …

Over the past eight months Tan has had to mortgage his house and car and borrow money from relatives to repay bank loans. He had borrowed to buy lands and a villa in five provinces in the south. He owns residential and agricultural lands in Lam Dong, Binh Duong, Long …

The State Bank of Vietnam (SBV) has bought US$4.9 billion from commercial banks in the first four months to increase the national foreign exchange reserves. It bought nearly $1 billion last month alone, Ministry of Planning and Investment Nguyen Chi Dung said at a meeting Friday. VNDirect analysts forecast that …

The government has again proposed a policy to tax owners on second properties in a draft law submitted to the National Assembly. The proposal also states that a tax should be imposed based on how long the owner sells a property after acquiring it. It also says that property transactions …

Vietnam’s benchmark VN-Index dropped 0.03% to 1040.31 points Friday. The index closed 0.3 points lower after losing 8.51 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 11.37% to VND9.30 trillion ($396.60 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 20 tickers …

SJC gold price fell 0.07% to VND67.15 million ($2,863.60) per tael Friday afternoon. Gold ring gained 0.44% to VND57.45 million per tael. Globally gold eased on Friday from near record highs as traders waited for more economic cues, but was still bound for its best week in nearly two months …

  The inauguration of the 114th Cargill Care school in Tuyên Quang Province. — Photo courtesy of Cargill HCM CITY — US agricultural company Cargill has built the 114th school under its flagship Cargill Cares programme in Việt Nam in the northern mountainous province of Tuyên Quang. The Hồng Quang …

  Bia Saigon accompanies the “Việt Nam Grand Sale 2023” programme. — Photo courtesy of SABECO   HÀ NỘI — Sài Gòn Beer, Alcohol and Beverage Corporation (SABECO) and its Bia Saigon have always committed to investing in business development associated with building a national brand. Therefore, SABECO constantly strives …