The project in the Thành Hải resettlement area will include 1,155 social housing units and 197 commercial housing units, with a total investment of over VNĐ1.13 trillion (US$44.4 million).
Experts emphasised the need to channel funds into less risky segments like social and affordable commercial housing to ensure a balanced real estate market. They also urged swift implementation of new regulations under the Housing Law and Land Law to...
According to the SBV, Decision No. 2410/QĐ-NHNN and Decision No. 2410/QĐ-NHNN aim to ensure consistency on a legal basis with other issued circulars on deposit interest rates.
Vietcombank Securities Company (VCBS) forecasts that deposit interest rates in the third quarter of 2024 will continue to increase by about 0.3-0.5 percentage points.
Despite the remarkable surge in gold prices and the gradual increase in deposit interest rates, the stock market continues to stand out as an appealing investment channel.
The SBV applied a dollar-denominated deposit interest rate cap of 1 per cent per year for organisations in 2010 and 3 per cent per year for individuals in 2011.
Despite low interest rates, bank deposits have reached a new historic peak of VNĐ16 quadrillion (US$628.5 billion) as of the end of March, according to the latest data from the central bank.
The dollar depreciation is also a good sign for Việt Nam''s import activities, with global raw material prices expected to decrease and inflationary fears for imports receding.