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Interest rates on bank deposits have surged back to the pre-Covid levels, with VietABank offering the highest rate of 8.7%. Since late September 25 out of 36 banks surveyed by VnExpress have increased interest on term deposits, with eight raising them across the board. The average rates for six-month deposits …

After school, Ni Ngoc Chien returns to his rented room in a four-story house in Hoai Duc District for which he and three others pay VND2.7 million ($112.69) a month. The 19-year-old from Quang Ninh Province, a first-year student at the Hanoi International College, says: “It is spacious, airy, secure, …

The recovery in the retail market post-Covid and the entry by foreign luxury brands have sent rents soaring in Hanoi, especially the downtown area. In a report CBRE Vietnam released Thursday, the property consultancy said rents increased by up to 39.5% year-on-year in the third quarter. Space in the ground …