“The Dutch Disease” in receiving remittances and the case of Vietnam
The impact of remittances appears to vary depending on the specific characteristics of each national economy, the direction of the remittance flow, and the absorptive capacity of the economy.
Factors that can restrain credit growth
In addition to supportive factors, the goal of achieving a 15% credit growth this year may also face some challenges. What are those factors?
Surge in interbank interest rates by 10 times in the days leading up to...
The overnight interest rate (the main term, accounting for around 90% of the trading volume) increased to 1.37% in the session on February 2nd, more than 10 times higher than the rate recorded a week ago.
Gold Ring Prices Continue to Plummet
This morning (6/2), the price of gold rings tends to decrease in the days leading up to Tet, while the price of SJC pieces continues to rise significantly.
Latest ACB Bank Interest Rates for February 2024: Highest Yields for Online Deposits 12...
The highest deposit interest rate currently offered by ACB is 5% per year, for a 12-month term with a minimum deposit amount of 5 billion VND, earning interest at the end of the term.
Will gold prices rise sharply after Tet?
The price of SJC gold bars and gold rings is currently reaching new heights. According to experts, the price of gold is likely to continue rising, especially gold rings, given the strong increase in world gold prices from now until after Tet holiday.
Woman provides black credit lending with “neck-cutting” interest rates
From late 2019 until her arrest, Bui Thi Huong in Thanh Hoa had been providing illegal loans with exorbitant interest rates to many underprivileged people in the area, profiting unjustly over 600 million VND.
OCB Successfully Submits Additional Taxes
OCB recently announced that it has successfully completed the submission of additional taxes promptly upon receiving the official letter from the Tax Department.
SeABank records pre-tax profit of over 4,600 billion dong in 2023, with strong CASA...
SeABank, a commercial bank in Vietnam, has recently announced its 2023 business results with impressive growth indicators. The non-term deposit-to-total deposit ratio (CASA) reached 11.5%, surpassing previous years. The outstanding loans and mobilized capital grew by 16.76% and 25.35% respectively compared to 2022. The non-performing loan ratio was controlled at 1.94%. The bank's pre-tax profit reached over 4,616 billion VND.
The Legacy Lesson of Europe’s Most Prestigious Banking Dynasty
Renowned not only for revolutionizing the finance-banking industry, but also for being the wealthiest dynasty in Europe, this family has also played a significant role in sponsoring the arts and architecture. They have created invaluable legacies that have stood the test of time, promoting sustainable development and eternal endurance.
Latest article
The High-Speed Rail Race: Unveiling the Contrasting Visions of Vietnam’s Billionaires.
THACO and VinSpeed have jointly proposed a high-speed rail project for the North-South corridor with a total investment of over $61 billion. However, the two companies differ in their financial plans, timelines, and operational schedules.
Grand Opening of Sun Group Ha Nam’s Low-Rise Show Home
The four model homes with unique designs in the Kim Ngàn - Kim Tiền subdivision have been unveiled to investors, offering a rare opportunity to experience exceptional architecture in the heart of Sun Urban City, a thriving resort-style urban development in Ha Nam.
‘The Dark Side of Social Housing: Exploitative ‘Cò’ and the Distortion of the Market’
"There is a persistent issue of 'property touts' in the social housing sector in Vietnam, according to Mr. Nguyen Van Khoi, Chairman of the Vietnam Real Estate Association. These individuals buy and sell social housing slots at a premium, creating market distortions and causing frustration for legitimate homebuyers. The high demand for social housing has fueled this issue, with touts taking advantage of the situation to make a quick profit, often at the expense of those in need of affordable housing options."
