Tin kinh te

Financial Markets Banks race to lower service fees The Saigon Times Daily Friday,  Nov 15, 2019,15:01 (GMT+7) Banks race to lower service feesThe Saigon Times Daily Customers withdraw cash from Vietcombank’s ATMs in HCMC. Many commercial banks, including major players, have reduced and even eliminated their service fees - PHOTO: THANH HOA HCMC - A number of local commercial banks, including major players, have reduced and even eliminated service fees to attract more service users and depositors. Since early this month, Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has offered free services for the first 10 money transfer transactions made on its VPBank Online app. From the 11th transaction, customers will be refunded the fee if their account balance is at least VND10 million, Nguoi Lao Dong newspaper reported. At Tien Phong Bank (TPBank), customers have also been exempted from fees when transferring … [Read more...] about Banks race to lower service fees

Property Property firms outpace banks in bond issuance By Dung Nguyen Thursday,  Nov 14, 2019,19:27 (GMT+7) Property firms outpace banks in bond issuanceBy Dung Nguyen Two apartment buildings in HCMC. Real estate enterprises outpace banks in issuing the largest volume of corporate bonds in October - PHOTO: THANH HOA HCMC – Real estate enterprises outpaced banks to issue the largest volume of corporate bonds last month, according to a newly released report by SSI Securities Corporation. Specifically, property firms issued more than VND9.3 trillion (US$400.9 million) worth of bonds in October, accounting for nearly 55% of the total. Of the total, Vinametric Co., Ltd, the owner of Saigon Prince Hotel, issued over VND3.7 trillion worth of two-year bonds with a floating interest rate. In addition, Saigon Vina Land JSC offered VND1.85 trillion worth of three-year bonds with a fixed interest rate of 11% per year. Real … [Read more...] about Property firms outpace banks in bond issuance

Other News Local food-processing industry ripe for investment The Saigon Times Daily Thursday,  Nov 14, 2019,19:56 (GMT+7) Local food-processing industry ripe for investmentThe Saigon Times Daily Employees at the Hanoi-based facility of the wholly Thailand-owned CP Vietnam Livestock JSC produce sausages using European pasteurization technology – PHOTO: VNA HCMC – Vietnam’s food-processing industry has great potential for investment attraction, thanks to its large population, rising average income and consumption trends, according to experts at a conference held in HCMC today, November 14. The conference, which was held by the Vietnam Trade Promotion Agency (Vietrade), under the Ministry of Industry and Trade, and the Foreign Investment Agency, under the Ministry of Planning and Investment, was aimed at stimulating foreign direct investment in the food-processing industry, reported the Vietnam News … [Read more...] about Local food-processing industry ripe for investment

Friday's Tale Policing gangster-like behaviors By Son Nguyen Thursday,  Nov 14, 2019,21:25 (GMT+7) Policing gangster-like behaviorsBy Son Nguyen The public indignation has reached a high pitch following gangster-like behaviors captured on  camera at a rest stop in the northern province of Thai Nguyen this Sunday, when a man was seen assaulting two employees – a man and a woman – of a shop in broad daylight. The incident, widely covered in social and mainstream media, has drawn widespread criticism, and also has stolen the spotlight at discussions on the sidelines of the ongoing National Assembly sitting in Hanoi. All are of the opinion that tough sanctions must be taken against the man, a police officer of Pho Yen Town of Thai Nguyen Province. Video footage at Hai Dang rest stop in Pho Yen Town shows how the man, later identified as Senior Lieutenant Nguyen Xo Viet of Pho Yen Town’s police division, … [Read more...] about Policing gangster-like behaviors

International Ronaldo bags hat-trick, closes on 100 goals in Portugal rout The Saigon Times Daily Friday,  Nov 15, 2019,09:53 (GMT+7) Ronaldo bags hat-trick, closes on 100 goals in Portugal routThe Saigon Times Daily Portugal's Cristiano Ronaldo celebrates scoring their second goal at Estadio Algarve, Faro, Portugal November 14, 2019 – PHOTO: REUTERS FARO (REUTERS) - Portugal captain Cristiano Ronaldo scored another treble, moving closer to 100 international goals, as he led the European champions to a 6-0 drubbing of Lithuania in a Euro 2020 qualifier on Thursday. Ronaldo, whose hat-trick was the 55th of his career and ninth for Portugal, has 98 goals and could become only the second player to score a century for his country after Iran’s Ali Daei. Pizzi, Goncalo Paciencia and Bernardo Silva shared the other goals in the one-sided Group B match. The European champions, however, were left waiting to secure a … [Read more...] about Ronaldo bags hat-trick, closes on 100 goals in Portugal rout