At the International Exhibition of Science and Technology Innovation, more than 400 leading Asian scientific and innovative works were selected from 16 Asia Pacific countries. Countries and ideas that bring scientific and creative achievements were celebrated at the conference held at the Coex convention centre. The Korea Invention Promotion Association awarded a silver medal to Nam Cau Kien Eco-Industrial Park The Vietnamese delegation to the conference included works that have won the Vietnam Innovative Science Prize - Vifotec 2021 and were selected by the scientific council of the organising committee as the leading scientists and economists in Asia. Nam Cau Kien Industrial Park, Hai Phong, was awarded a special creative award by the Masaei Charitable Association for Pham Hong Diep. The investor of Nam Cau Kien Industrial Park has successfully built an ecological industrial park model and was awarded a silver medal by the Korean Invention Promotion Association for … [Read more...] about Nam Cau Kien Industrial Park honoured at international innovation exhibition
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Bank deposit interest rates still climb continuously
Illustrative image. (Photo: SGGP) From December 1, some commercial banks have continued to raise deposit interest rates sharply by more than 1 percent per annum compared to before. Specifically, VietCapital Bank continues to adjust deposit interest rates in some terms by 0.8-1.1 percent to the highest level of 9.5 percent per annum. This is the bank's third adjustment since September 2022. VietCapital Bank increased the deposit interest rates for six and 12-month terms from 7.6 percent and 8.2 percent per annum to 8.4 percent and 9.2 percent per annum. Meanwhile, long-term deposits of 18, 24, 36, 48, and 60 months have risen to 9.4 percent per annum. Especially, if depositing money online, customers will receive an interest rate of 8.8 percent per annum for a six-month term, 9.4 percent per annum for a 12-month term, and 9.5 percent per annum for a 24-month term. It is also the highest interest rate at VietCapital Bank applied to personal deposits. Not only increases interest … [Read more...] about Bank deposit interest rates still climb continuously
Textile groups at pains to regather momentum
The Vietnam Textile and Apparel Association (Vitas) forecasts that the business results of textile and garment enterprises in the fourth quarter will decline compared to the same period last year due to the impact of many geopolitical factors. Importers in the United States, EU, and Japan have been lowering prices and reducing orders. Despite this, textile and garment exports in the first 10 months of 2022 reached $37.9 billion, up 17.2 per cent over the same period last year. Textile groups at pains to regather momentum, source: shutterstock Vitas chairman Vu Duc Giang said, “Enterprises’ warehouses are full and inventories are so large that many customers are forced to stop ordering or even delay the delivery time. Businesses are missing 35-50 per cent of orders for November and December.” The outlook for apparel orders in 2023 is clouded by the effect of the inventory cycle extending from Q4. This is also an indicator that the textile and garment industry will face … [Read more...] about Textile groups at pains to regather momentum
Shares slump after five days of gains
Customers at a branch of Bao Viet Holdings (BVH). BVH lost 1.3 per cent on Thursday. — VNA/VNS Photo The Vietnamese stock market settled lower on Thursday, ending its five-day gaining streak due to the slump of heavy-weight stocks. On the Ho Chi Minh Stock Exchange, the VN-Index lost 1.16 per cent, to close Thursday at 1,036.28 points. The index had risen 1.58 per cent, to close Wednesday at 1,048.42 points. Liquidity hit a 7-month high with more than 1.34 billion shares worth VND21.8 trillion (US$888 million) traded in the southern market. The market breadth was positive with gainers outnumbering losers by 281-166. Another 75 closed flat. Blue chips led the market downtrend. Nineteen out of the top 30 shares by market value and liquidity on the HoSE lost value and only nine gained. The VN-30 Index, tracking the 30 biggest stocks on HoSE, declined 0.63 per cent to close at 1,042.64 points. In the VN-30 basket, Property giant Vinhomes (VHM), steelmaker Hoa Phat Group … [Read more...] about Shares slump after five days of gains