Business

Vietnamese lender SeABank is getting a $100-million investment from IFC to provide lower and middle-income families with access to housing loans. The investment increases International Finance Corporation’s investment in the bank to nearly $400 million. SeABank Vice Chairwoman Le Thu Thuy was quoted in an an IFC press release on …

While returning to her hometown in the central province of Thanh Hoa for Tet, Ngoc Bich noticed a billboard put up by a company from her province. Leading Star Thanh Hoa Garment Company in the Bim Son Industrial Park was seeking to recruit workers and offered them a monthly salary …

Fuel prices are being managed “half-heartedly” and retailers are suffering losses because they are unable to set their own prices, the Vietnam Federation of Commerce and Industry (VCCI) said. There is widespread supply disruption mostly caused by the government’s management which allows distributors to pay retailers zero commission thereby robbing …

Rookie carrier Vietravel Airlines wants to gradually increase its charter capital nearly sixfold to VND7.64 trillion ($323.66 million) by 2025. The airline recently made this proposal to the government after two years of operating with a charter capital of VND1.3 trillion. It owns three narrow-body Airbus A321 jets. Viettravel made …

Volvo Vietnam said it is planning to sell electric vehicles assembled in Malaysia this year. The first EV model expected to arrive in Vietnam is the C40, an SUV. Auto news site Paultan reported that Volvo Car Malaysia (VCM) has announced plans to export EVs to Vietnam and the Philippines …

Ho Chi Minh City expects to attract an investment of US$3.3 billion in a new project from Intel though the U.S. tech giant has not disclosed any details. Pham Tuan Anh, deputy head of the city Department of Planning and Investment’s Foreign Economic Relations Office, said attracting FDI would be …

Several Ho Chi Minh City’s tourism products have been listed among the top 20 unique tours promising interesting experiences for travelers in Vietnam. Among them, a tour gives travelers a chance to try working as a physician and learn about traditional medicine at the Museum of Traditional Vietnamese Medicine in …

Bank deposits, gold and stocks are forecast to rise this year while property and cryptocurrencies remain risky, analysts say. Deposit interest rates to remain high Banks are offering a deposit interest rate of 7.5%-10.5% annually and the rate is likely to stay at this high level during the year. Analysts …

Heineken Vietnam is continuing its 14-year partnership with the National Traffic Safety Committee for developing a “road safety” culture and inculcating the habit of “When you drink, never drive.” The two-year program has trialed activities to reinforce a “road safety” culture and promote healthy drinking and driving habits among government …

Banks need to make credit easily accessible to property developers and buyers, and cut costs to reduce loan interest rates, Prime Minister Pham Minh Chinh has said. He was cited in a resolution passed at the January meeting of the Cabinet. Real estate accounts for 11% of the country’s GDP …