Business

Commercial banks have increased deposit interest rates by 0.1-0.3 percentage points over the past few days, with SCB offering the highest rate of 9.75 percent. Techcombank hiked its annual deposit interest rates by 0.3 percentage points Tuesday to 9% for 12-month deposits, 8.7% for 6-11 month deposits and 6% on …

Automaker VinFast has launched its first Canada store in Toronto with plans to roll out seven more before year-end. “The opening of the first store in Canada marks the next milestone in VinFast’s global expansion journey,” CEO of VinFast Canada Huynh Du An stated. “Our network of stores will be …

The U.S. dollar plunged on the black market Wednesday after data shows a decline of the greenback’s value globally as U.S. inflation seems to be cooling down. The dollar fell 0.48% from Monday to VND25,000 at unofficial exchange points. It has dropped 1.96% since the peak of VND25,500 last month. …

Vietnam’s benchmark VN-Index surged 3.40 percent to 942.9 points Wednesday, with trade value surging to the highest in nearly four weeks. The index closed 31 points higher after losing 29 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 46.7% to VND14.37 trillion ($579.9 million), …

Bond issuers are solely responsible for redeeming their debts and investors need to be aware they are buying at their own risk, the Ministry of Finance has said. While the bond market is a key source of capital mobilization for companies, buyers need to be aware of regulations, a spokesperson …

Vietnam’s northern highlands town Sa Pa ranked fifth in a list of 10 most ideal destinations in Asia to watch snow as voted by readers of Canadian magazine The Travel. “It comes as a surprise to some that it snows in Vietnam, specifically in the town of Sa Pa. When …

The Thai government plans to introduce a one-year visa for patients seeking medical treatment to cement its position as a regional medical hub. The new type of visa that allows multiple entries is expected to be launched on Jan. 1 next year, Bangkok Post reported, citing Deputy Government spokesperson Tipanan …

The gasoline shortage is caused by improper price management mechanisms that have dried up imports, Nguyen Khac Quoc Bao, vice rector of the University of Economics HCMC’s College of Technology and Design, tells VnExpress. In recent months the gasoline shortage has been severe in the south and also spread to …

Pangasius fish export has weakened since the third quarter and reached its lowest monthly value this year to $159 million in October. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), total pangasius fish export turnover in the first 10 months of the year was $2.1 billion, up …

The Hanoi Department of Transportation has proposed to the municipal People’s Committee that a public bike service be launched in the capital city for a 12-month trial period. Under the proposal, private firm Tri Nam will provide 1,000 bikes, 50% of them electric, at 94 locations in the city. The …