Sixteen commercial banks cut over VNĐ21.24 trillion (US$936 million) of loan interest for COVID-19-hit customers from July 15 to December 31, 2021. VNA/VnExpress News Photo HÀ NỘI — Sixteen commercial banks cut over VNĐ21.24 trillion (US$936 million) of loan interest for COVID-19-hit customers from July 15 to December 31, 2021, …
Read More »Government must carefully manage financial support for businesses: experts
A business begins its production in the New Year. More loans from banks will help domestic businesses quickly overcome difficulties and recover production. — VNA/VnExpress News Photo HÀ NỘI — The Government needs to carefully monitor and outline economic stimulus packages to assist businesses affected by the pandemic to quickly recover the national economy, according …
Read More »Shares gain on the rise of construction, residential real estate stocks
A worker of COMA 18 Joint Stock Company (CIG) at its factory. CIG rose 6.2 per cent on Thursday. Photo courtesy of CIG HÀ NỘI Vietnamese markets rose slightly on Thursday, supported by gains in construction and residential real estate stock groups. The market benchmark VN-Index on the Hồ Chí Minh …
Read More »$1.95 bln to build new Mekong Delta expressway
Chau Doc – Can Tho – Soc Trang expressway is proposed to start construction in 2023 with a total investment of VND44.3 trillion ($1.95 billion). The expressway will stretch 188.2 kilometers (117 miles) and connect four Mekong Delta localities of An Giang, Can Tho, Hau Giang and Soc Trang. Construction …
Read More »Fuel supply adequate for February: trade ministry
Vietnam has enough gasoline stocks to meet demand through February and has plans in place to ensure they are adequate for March, a trade ministry official has assured. Tran Duy Dong, head of domestic markets department at the Ministry of Industry and Trade, said oil companies could supply 1.8-2 million …
Read More »HCM City housing rental market to recover after Tết: analysts
The COVID-19 pandemic significantly affected the housing rental market, but experts predict a sharp recovery after Tết. Photo baodautu.com HCM CITY — The HCM City housing rental market is expected to recover sharply after Tết as students and workers return to what has been designated a ‘green zone’. According to analysts, …
Read More »Recovery programme will support business and long-term national development
Minister of Planning and Investment Nguyễn Chí Dũng. — VNA/VnExpress News Photo Minister of Planning and Investment Nguyễn Chí Dũng talks to the Vietnam News Agency about the key objectives and priorities of Việt Nam socio-economic recovery programme for 2022. The VNĐ350 trillion (US$15.42 billion) programme, the largest in history, …
Read More »Masan Group’s profit soars in 2021; TCX to power 2022 growth
People shop at a Winmart store in Hà Nội. In 2021, Masan reported consolidated net revenue of VNĐ88.6 trillion, a rise of 14.8 per cent year-on-year. — Photo courtesy of Masan HÀ NỘI — Masan (stock code: MSN) expects its consolidated net revenue to reach between VNĐ90 trillion and VNĐ110 …
Read More »VN-Index closes 5th session in the green
Vietnam’s benchmark VN-Index rose 0.09 percent to 1,506.79 points Thursday, its fifth session in the green, with foreign investors’ net selling value highest in nine sessions. The index went sideways throughout the day and closed one point higher. It has gained 36 points in the last five sessions. Trading value …
Read More »Man faces trial for stealing $7 mln with real estate Ponzi scheme
A man who allegedly defrauded 817 people in southern Vietnam with a real estate scheme to swindle VND160 billion ($7 million) is set to go on trial. Vo Thanh Long of Chau Thanh District, Hau Giang Province, and nine accomplices face charges of defrauding and misappropriating assets, the province procuracy …
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