VnExpress News The News Gateway of Vietnam

Japan’s coastguard said Monday it was searching for seven people missing after their boat capsized and was spotted in waters off the Tokyo-controlled Senkaku islets, which are also claimed by China. The overturned boat was spotted on Sunday afternoon, drifting in waters north of the islands by a Japanese navy …

A group of 31 people running seven debt collecting firms in Hanoi were detained Sunday facing charges for “appropriating properties.” The companies, all based in Ho Chi Minh City’s District 11, bought more than 330,000 lending contracts worth thousands of billions of dong of bad debts from financial companies and …

Ten banks have reduced deposit interest rates by 0.3-1 percentage points over the last two week. The highest rate any Vietnamese bank is now paying out as interest on deposits is 9.5% a year. PGBank slashed the rate by 1 percentage point. Early last month, some 20 banks offered depositors …