Business

Rubber producer Casumina has been borrowing in dollars at an interest rate of 2-3% per year against 5-6% for dong loans, but the greenback’s gain over the dong has neutralized the advantage. “The market has dampened,” said CEO Pham Hong Phu, adding that export has been difficult lately due to …

The association of HCMC property developers is against changing the law to restrict apartment ownership to a fixed number of years. It would result in insecurity for homebuyers, higher costs, more administrative procedures, and legal inconsistency, the Ho Chi Minh City Real Estate Association said. In considering amendments to the …

Authorities in the central province of Quang Binh have allowed travel agencies to launch new tours to explore the Son Boi cave system and Bru-Van Kieu culture. Qualified travel companies will be allowed to open short-day tour itineraries to the Khe Kieu and Son Boi cave systems that retain their …

Vietnam ranked 63rd out of 113 economies in digital environment and support system for entrepreneurs, according to an index developed by the Asian Development Bank (ADB). The ADB index measures the quality of the environment for digital entrepreneurs by looking at the level of digitalization in eight areas: culture, institutions, …

The Ho Chi Minh City Real Estate Association is against changing the law to restrict apartment ownership to a fixed number of years. It would result in insecurity for homebuyers, higher costs, more administrative procedures, and legal inconsistency, it said. In considering amendments to the Housing Law, the Ministry of …

Energy developer Trungnam Group plans to issue US$500 million worth of bonds in the next three years to fund a number of projects until 2030. It is planning onshore and near-shore wind power plants that will almost triple its renewable energy capacity by 2026 from the current 1.6 gigawatts of …

Vietnam will make 65% of Apple wireless earbuds AirPods by 2025 as the U.S. tech giant continues to shift its production away from China, according to JP Morgan analysts. The country would also account for 20% of iPad and Apple Watch output and 5% of MacBook, TechCrunch quoted them as …

Banks are finding it hard to mobilize deposits, and are engaged in an interest rate race. “Now, it is very difficult for us to mobilize capital,” the deputy general director of a state-owned bank told VnExpress anonymously. In the first half of this year, people put more money in banks …

Vietnam’s exports have maintained double digit growth this year, but could face global headwinds like falling consumption and rising inflation in the remaining months. Exports were up 18.2% year-on-year in the first eight months to over US$252 billion, with August shipments rising to a five-month high thanks to recovery in …

For the first time in two years, Vietnam’s central has increased a series of regulatory interest rates, including deposit, rediscount and refunding rates. The State Bank of Vietnam on Thursday made adjustments to multiple regulatory interest rates, which will take effect starting Friday. The ceiling of deposit interest rates, with …