Weather and rising import costs blamed for hikes in essential goods

The prices of essential household items like fresh and processed food, cosmetics and paper have been rising steadily, causing big worries to housewives, reports Thoi Bao Kinh Te Saigon after a market survey. Nga stopped her bicycle at a small market on Tan Thoi Hiep Road in HCM City’s District 12 to buy five duck [...]

Housing developer invests 890b dong in Centum Wealth Complex project

Thu Duc Housing Development Joint Stock Co (coded TDH) has invested 890 billion dong in construction project of Centum Wealth Complex that covers an area of 11,582 square metres in Hiep Phu Ward, Dist 9, HCM City. This complex includes trading centres, high-class apartments, swimming pool, and sport complex with synchronous infrastructure facilities. At present, [...]

Two markets slump in last session of June

The VN index closed the last session of June with a slight decline due to negative information from the US stock exchanges. The two previous gaining trading sessions turned out to nothing when the two indexes sharply slumped at the beginning of today session. In the first trading session, VN Index approached the threshold of [...]

Inward remittances, FII inflows help stabilise Vietnam’s forex market

Thanks to the positive economic growth and the prosperity of the stock market, foreign indirect investment (FII) has started to flow strongly into Vietnam, State Bank of Vietnam (SBV) said. To date, the amount of foreign currencies from foreign investors transferred into accounts in Vietnam is estimated at about $350 million. Thus, after a period [...]

VIB supports loans for purchasers at Mulberry Lane project

Vietnam International Commercial Joint Stock Bank (VIB) has recently signed the cooperation contract with Hoang Thanh CapitaLand Co Ltd, in which the bank committed to offer financial support for customers to buy apartment in the high-end apartment complex of Mulberry Lane in Ha Dong Dist, Hanoi. In details, VIB would offer maximum loans of up [...]

Accessing cheap loans from banks still tough for businesses

Although many commercial banks are inviting corporate clients to participate in their cheap loan programmes, those programmes always come with a variety of conditions, which makes businesses find it really difficult to access. The Hanoi-based bank, Habubank, has decided to reduce interest rates for loans for enterprises, but it comes with the condition on the [...]

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