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The State Bank of Vietnam (SBV) is monitoring bank interest rates and will take measures to deal with lenders who keep hiking their rates. Central bank governor Nguyen Thi Hong said in a statement Thursday that banks need to reduce their expenses and administrative procedures to create room for lowering …

Prime Minister Pham Minh Chinh requested Samsung to manufacture chips in Vietnam starting 2023 after it inaugurated a $220 million R&D Center in Hanoi, its largest in Southeast Asia. Chinh said he hoped that Samsung would “prepare necessary requirements to manufacture ball grid array products as a trial, aiming towards …

Indonesia’s Second-Home Visa program that enables foreigners to stay in the country for up to 10 years came into effect Wednesday, as Southeast Asia’s largest economy seeks to attract more tourists. The Second Home Visa only requires a single application, which means foreigners only need to apply once for a …