Monday , December 23 2024

Business

Business

HDBank H1 profit tops $324 billion, NPL ratio at only 1.59%

The bank’s profitability and prudential ratios continued to be improved, affirming its sustainable development direction. Customers at an HDBank branch in HCM City. — Photo courtesy of HDBank HCM CITY — The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – HoSE: HDB) has reported a pre-tax profit …

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Boosting sustainable agricultural exports

Việt Nam is continuing to promote negotiating, signing and upgrading free trade agreements with partners in potential markets, creating favourable conditions for businesses to diversify markets, supply chains and export products. A rice packaging line at Tân Long Factory in the southern province of Tiền Giang. VNA/VNS Photo Minh Trí …

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Gold ring price increases

Saigon Jewelry Company gold ring price rose 0.39% to VND77.3 million (US$3,058.24) per tael Wednesday morning. Gold bar price was unchanged at VND79 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally, gold price attracts some dip-buying following an intraday dip to the $2,400 neighborhood and turns …

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World Bank recommends Vietnam to impose 155% alcohol tax

The World Bank has recommended that Vietnam consider implementing a 155% special consumption tax on alcoholic beverages in response to the rising number of alcohol-related deaths and illnesses. The bank has proposed to the Ministry of Finance that an absolute tax of VND16,500 ($0.65) per liter of alcohol be applied …

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Deposit interest rates rise above 6%

Over a dozen lenders have increased their deposit interest rates by 0.1-1.3 percentage points in the past two weeks, with the highest for a 12-month tenor now being 6.2%. The biggest increases, ranging from 0.6 to 1.3 percentage points, were seen at private lender ABBank, which now offers the highest …

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