Many banks have issued large amounts of bonds to raise thousands of billions of Vietnamese đồng, pushing interest rates to around 8 per cent per year, much higher than that of normal savings.
While real estate bond issuance value has recovered year-on-year, its proportion of total issuances has ped sharply - from nearly 55 per cent in the first half of 2023 to just 25 per cent in the first half of 2023.
The Republic of Korea (RoK)’s Ministry of Justice on Thursday announced the extension of the pilot e-group visa programme for citizens of the Philippines, Indonesia and Việt Nam for an additional two years.
Several companies associated with property developer Vạn Thịnh Phát, whose chairwoman is currently facing trial for financial fraud, have been fined for fraud related to bond issuance and trading worth trillions of Vietnamese đồng.
ABBANK has completed payment of dividends in shares at a rate of 10 per cent, thus also increasing its charter capital from VND9.4 trillion (US$403.1 million) to over VND10.35 trillion ($444.7 million).