Official Smooth Gold Ring Breaks 69 Million VND Per Tael, Highest in History
On the morning of March 8th, the domestic gold price continued to rise sharply. Especially, the price of 24k (9999) smooth round gold rings has officially reached a new peak, surpassing the 69 million Vietnamese Dong per tael mark in many stores.
BIDV secures record-breaking 9 awards for Best Retail Bank in Vietnam
Vietnam Investment and Development Bank (BIDV) has been named the "Best Retail Bank of the Year 2024" by The Asian Banker magazine, thanks to its impressive business results and outstanding services for individual customers. The award was presented to BIDV at the Excellence In Retail Financial Services Global Awards Ceremony 2024 held in South Korea on March 7, 2024. BIDV is the only bank in Vietnam to receive this prestigious award 9 times.
MB Boss: “Actions speak louder than words”
Engaging with investors, MB's leadership openly shares not only the 2024 business plan but also addresses sensitive issues that other banks often shy away from in their operations.
“Stunned” by the 15% annual interest rate for home loans
Enjoying a special interest rate of 8.5% per annum for home loans, customers have recently been notified of a nearly doubled increase in the loan interest rate, leading to a significant surge in monthly repayment amounts.
SHB Bank’s Latest Interest Rates in March 2024: Highest Rate for a 36-Month Term
Starting from March 2024, the deposit interest rates for individual customers at Saigon - Hanoi Commercial Joint Stock Bank (SHB) have been adjusted downwards across various terms. Among them, the highest interest rate of 5.8% per annum is applied to online deposits with a term of 36 months or more.
Are Short-term Deposit Rates Set to Rise amid Decreasing Interest Rates?
In early March, amidst the general decline in deposit interest rates, several banks are starting to raise the interest rates for certain deposit terms of less than 6 months.
Abundant liquidity, interbank interest rates sharply decreased
After a period of increase in the first half of February, starting from the last week of February 2024, the average interbank interest rates began to cool down as liquidity gradually becomes surplus.
VPBank’s Playful Strategy to Target Segments
The period of sluggish growth in 2018-2019 was followed by a strong growth phase in 2020-2022. Therefore, will the "downturn" of 2023 be compensated for by the "upturn" in the upcoming period?
More than 1 billion NAB shares officially list on HOSE, prices up 6% after...
On the morning of March 08, 2024, over 1 billion shares of NAB (Nam A Bank Joint Stock Commercial Bank) were officially listed on HOSE.
USD Soars to New Heights, Approaching 25,700 VND
The USD price in the free market continued to rise by 90 dong this morning, pushing the selling price to the highest level in history, nearly 25,700 dong. The buying price of USD in the free market is currently higher at banks by 1,000 dong.
Latest article
“Vietnam Aims for Eco-Industrial Revolution: First Eco-Certified Industrial Parks Still a Dream”
The concept of an eco-industrial park is novel to Vietnam, with no certified eco-industrial parks in existence as of yet. While a select few industrial parks have begun to experiment with eco-friendly, circular, and waste-recycling models, their presence is minimal. Notably, there have been instances of "greenwashing" by businesses and industrial parks, where claims of environmental sustainability are exaggerated or misleading.
The Evolution of Lending Rates: A Comprehensive Overview
With an average lending rate of just 6.29% annually, a decrease of 0.64% from last year, affordable loans are now more accessible to individuals and businesses alike.
The Art of Thai-US Trade Negotiations: Ceding Ground for Mutual Gain
Thailand aims to reduce its $46 billion trade surplus with the United States by 70% over the next five years, working towards a balance between the two nations within 7 to 8 years.
