Business

Prime Minister Pham Minh Chinh has called on banks to stop prioritizing a few corporates for loans to reduce risks and increase other customers’ access to funds. Speaking at a meeting with bank executives Thursday, he said: “Banks need to stop focusing their funding only on a few companies and …

Home Credit Vietnam was named among Top 50 Employers of Choice by Vietnam Students, Top 15 Representative Companies with Happy Workforce – Large Enterprises, and Top 100 Vietnam Best Places to Work – Large Enterprises this year. Home Credit Vietnam and other companies receive awards at Vietnam Best Places to …

Townhouse prices in HCMC have risen seven-fold in the last decade to $14,000 per square meter, according to property consultancy Cushman & Wakefield. They were US$2,000 on average in 2013-2016 and have risen to $14,000 now, it said, adding that supply has increased by almost the same rate. Property listing …

Prime Minister Pham Minh Chinh has instructed banks to adopt a more ‘flexible’ approach in approving loans while maintaining their assessment criteria. “We should not lower our lending assessment criteria, but we need to be more flexible,” Chinh advised bank leaders during a Thursday morning meeting. Banks have been approving …

The average price of apartments in Ho Chi Minh City has decreased by 10-20% due to the secondary property market’s downturn. Anh Tuan is selling a 78-square-meter apartment at the 4S Linh Trung building in HCMC’s Thu Duc City for VND28 million (US$1,116.2) per sq.m., down 15% from the beginning …

Thai billionaire Charoen Sirivadhanabhakdi’s company has received a total of VND9.3 trillion ($383 million) in cash dividends from brewer Sabeco since its acquisition of the company in 2017. The Saigon Beer brewer is set to pay its shareholders a total of VND1.92 trillion in cash dividends this year. Its biggest …

Vietnam’s exports rose last month with positive growth in shipments of computers and machines, but trade prospects for the remainder of this year remain uncertain amid weak demands, lender HSBC says. November exports rose 6.7% year-on-year with shipments of computers and parts surging 20.2% while those of machines went up …

Vietnam’s benchmark VN-Index fell 0.44% to 1,121.49 points Thursday. The index closed 4.94 points lower after gaining 10.46 points in the previous session. Trading on the Ho Chi Minh Stock Exchange increased by 52% to VND27.45 trillion ($101 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 14 …

RON95 gasoline and diesel prices on Thursday afternoon both dropped to the lowest since July 21. The popular fuel RON95 fell 1.89% to VND22,320 ($0.92) per liter in its third straight decline. Biofuel RON92 declined by 2.29% to VND21,290. Diesel dropped 2.76% to VND19,720 in its fourth decrease in a …

The yen surged more than 1% against the dollar on Thursday after comments from the head of the Bank of Japan stoked speculation it will tighten its ultra-loose monetary policy. Governor Kazuo Ueda said handling monetary policy “will become even more challenging from the year-end and heading into next year”, …