Focus: Deposits Surge Despite Rate Cuts: Despite the ongoing run of interest rate cuts, deposits have continued flowing into the banking system. This is an omen of economic conditions getting tougher.
Inside Vietnam
The Sand Shortage: Despite having sufficient manpower and equipment, the contractors of expressway projects in the Mekong Delta have been either operating perfunctorily or have suspended work due to a severe shortage of sand for roadbed construction. If the problem is not timely tackled, these projects would fall behind schedule.
Alternatives For River Sand? Looking for substitute materials and measures to deal with a severe shortage of sand for road and bridge projects in the Mekong Delta is an urgent imperative. Otherwise, projects will fall behind schedule, impeding the Mekong Delta’s development.
A Potential Gateway To ASEAN Market: Despite the absence of geographical proximity, the Vietnam – Belarus relationship presents an intriguing example of how nations with diverse backgrounds and interests can discover shared interests in an interconnected world. In an interview with The Saigon Times, Ruslan Varankou, Consul General of Belarus in HCMC, discusses the vision driving the Vietnam – Belarus relationship forward in today’s world.
Business
Revitalizing Corporate Bond Market Through Diversification: Vietnam’s corporate bond market is holding medium and long-term growth potential through the diversification of its investor base and the enhancement of intermediary financial institutions engaged in bond guarantee operations.
What October Holds In Store: In September the VN-Index grew volatile, leading investors to adopt a wait- and-see attitude. With data indicating that the correction phase may not reach a swift resolution, the prospects for October are uncertain.
Living
Sustainable Fashion With Mango Peel Leather: In Tra Vinh City, two students are embarking on a mission to revolutionize the fashion industry while championing sustainability. Meet Nguyen Thi Thanh Van and Nguyen Viet Khanh, who have rallied a team of young innovators with a bold vision: to disrupt the leather industry using an unexpected resource – mango peels.
Noble Act Makes A Difference: More than 130 local and foreign donors participated in a blood drive organized by the Saigon Times Group on October 8, in celebration of the 32nd anniversary of The Saigon Times Weekly (October 10) and the 28th anniversary of The Saigon Times online newspaper (October 2).
Travel
Binh Lieu In Autumn: Binh Lieu, situated in Quang Ninh Province, has emerged as a beloved destination for many travelers, particularly during the autumn season when they can revel in the cool mountainous ambiance, marvel at the enchanting expanse of white reed fields, visit pristine waterfalls, and explore sacred boundary markers.
Phu Quoc’s Distinctive Pepper Sauce: Tieu Ngao Duong: Phu Quoc pepper is celebrated for its unparalleled aroma and flavor. Combined with the tradition of anchovy fish sauce, it has given rise to “tieu ngao duong” (pepper sauce) – a regional delicacy that is truly one of a kind.
