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Some key interest rates fall further early next week

HCMC – The State Bank of Vietnam, the central bank, announced five separate decisions today, March 31, to further lower some key interest rates,...

HCMC’s CPI rises 4.5% in Jan-Mar

HCMC – The Consumer Price Index (CPI) in HCMC this month inched up 4.5% on average in the year’s first quarter, according to the...

HCMC’s GRDP edges up 0.7% in Q1

HCMC – HCMC’s gross regional domestic product (GRDP) expanded a mere 0.7% in the first quarter of this year, the lowest among five centrally-governed...

Loan rescheduling proposed for construction companies

HCMC – The Saigon Association of Construction and Building Materials (SACA) has proposed the prime minister allow banks to reschedule loans owed by construction...

World’s largest container ship arrives in Ba Ria-Vung Tau

HCMC - OOCL Spain, one of the world’s largest container ships, arrived at Gemalink Port in the southern province of Ba Ria-Vung Tau for...

Foreign ownership at some local banks may rise to 49%

HCMC - The State Bank of Vietnam (SBV) has proposed increasing the foreign ownership cap at some commercial banks from 30% to 49%. The Governor...

Vietnam’s Party leader has phone conversation with U.S. President

HCMC - Party General Secretary Nguyen Phu Trong spoke on the phone with U.S. President Joe Biden yesterday, March 29. The two sides expressed pleasure...

Dong Nai approves US$3-billion urban area project

HCMC – The government of Dong Nai Province has approved of a 293-hectare urban area project worth more than VND72 trillion (US$3 billion) in...

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