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Da Nang City has estimated the losses caused by last week’s flooding, the worst ever, at VND1.48 trillion (US$60.3 million). The floods caused by Storm Son Ca inundated 70,000 houses and damaged 2,000 cars and 30,000 motorbikes, city chairman Le Trung Chinh said at a meeting with President Nguyen Xuan …

Banking credit growth this year has been nearly 11%, the highest in years, with lending to the property sector rising by 15.7%, according to the central bank. A report to the National Assembly by the governor of the State Bank of Vietnam, Nguyen Thi Hong, said loans outstanding on Sept. …

Room tariffs at four- and five-star hotels in HCMC in the third quarter were 22% up from the previous quarter and 50% up year-on-year, according to Savills Vietnam. The average rate was VND1.7 million (US$69.30) per night, the property consultancy said. It also reported that the average occupancy rate for …