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Foreign investors net buy 3 weeks straight

Foreign investors net buy 3 weeks straight

Vietnam’s benchmark VN-Index dropped 0.27% to 1,052.48 points Friday, with foreign investors net buying for three weeks in a row. The index closed 2.84 points lower after gaining 4.89 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 25.73% to VND15.51 trillion ($658.04 million). Foreign …

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Banks told to hold deposit interest rate at 9.5% maximum

Banks told to hold deposit interest rate at 9.5% maximum

The Vietnam Banks Association (VNBA) has called on local lenders to keep deposit interest rates at 9.5% or below to reduce lending interests and boost economic recovery. VNBA Chairman Nguyen Quoc Hung said at a meeting with bank representatives Thursday that the popular interest rate is now at 9-10% annually …

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