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BUSINESS BEAT

As banks hike deposit interest rates, loans set to become costlier

As banks hike deposit interest rates, loans set to become costlier

For over two years Techcombank kept its deposit interest rates at low levels, even lower than the rates offered by State-owned lenders like Vietcombank, Vietinbank and Agribank.
Firms wary after Tan Hoang Minh debacle, retire bonds, cancel issues

Firms wary after Tan Hoang Minh debacle, retire bonds, cancel issues

On June 8 the Gelex Group Joint Stock Company prematurely retired all its bonds totally worth VND500 billion (US$21.74 million).
Real estate market slumps as banks cut off funds

Real estate market slumps as banks cut off funds

Tran Trung Thanh, a real estate broker in Binh Thuan and Ba Ria-Vung Tau provinces, said since the beginning of April demand for agricultural lands has seen a sharp slump.
Fairy tale ends for businesses investing in securities market

Fairy tale ends for businesses investing in securities market

Analysts say returns on investments businesses made by diverting their funds into the stock market are drying up.
Bonds remain companies preferred source of capital despite tightened rules

Bonds remain companies’ preferred source of capital despite tightened rules

In December 2021, the Bach Hung Vuong Joint Stock Company, which is in real estate trading, collected VND2.98 trillion (US$130 million) by successfully issuing corporate bonds with a 12-month maturity.
Fuel shortage raises need of Nghi Sons restructuring

Fuel shortage raises need of Nghi Son’s restructuring

Experts have suggested the Government, the Ministry of Industry and Trade, the Ministry of Finance and localities need to think more carefully about the plan to jointly restructure the NSRP to reduce the adverse impact of the plant’s production problems...
What lies ahead for clothing retailers?

What lies ahead for clothing retailers?

Analysts said demand for clothes has fallen sharply all over the world this year due to the pandemic and Viet Nam is no exception.
Banks begin to hike deposit interest rates

Banks begin to hike deposit interest rates

Faced with the likelihood of inflation, banks have to increase their deposit interest rates to ensure positive real interest rates to prevent depositors from withdrawing their money and investing it in other assets like securities and real estate.
Speculative cash flows: an imminent threat to financial stability

Speculative cash flows: an imminent threat to financial stability

Viet Nam’s benchmark VN-Index ended Friday at 1,479 points and is marching towards a new record high of 1,500 points. HCM City''s index has gained 32 per cent this year and the HNX-Index on the Ha Noi Stock Exchange even...
Several factors in the mix, pose serious threat of inflation

Several factors in the mix, pose serious threat of inflation

In early November Tran Ngọc Hoa, a vegetable vendor in Ha Noi’s Kim Lien market, had to stop selling for three days after fruit and vegetable prices surged in wholesale markets.
Industrial parks target shift to circular economy

Industrial parks target shift to circular economy

The ‘Kyousei-no-niwa” Garden opened on December 1 last year at the Nam Cau Kien Industrial Park in Hai Phong City.
Whats the way out for old apartment buildings?

What’s the way out for old apartment buildings?

Hao Sy Phuong is one of HCM City’s odest alleys. It houses 100-year-old apartment buildings in popular Chinese colours in HCM City’s District 5.
Is it time for resuming tourism?

Is it time for resuming tourism?

The HCM City government said recently it was considering resuming tourism activities in Can Gio, the only coastal district in the city.
Education support needed as COVID hits parents incomes: experts

Education support needed as COVID hits parents’ incomes: experts

Thousands of families with school aged children in HCM City are striving to cope with the financial burden of their education as the new school year starts amid the severe income loss caused by the prolonged COVID-19 pandemic.
More bank shares to hit stock market on bonuses, public issues

More bank shares to hit stock market on bonuses, public issues

At least around seven billion shares issued as dividends, under employee stock ownership plans and public issuances by banks are expected to enter the stock market in the two remaining quarters of the year.