Tag: BIDV

In June alone, the economy received an additional 487 trillion VND, surpassing the total credit growth of the first five months of the year. Notably, in the last two weeks of June, the credit outstanding of the entire economy expanded by nearly 300 trillion VND.

With a web of deceit, Tran Thi Minh Hue concocted a story of having access to cheap USD from banks, luring unsuspecting individuals to invest in her fictitious business venture. Her scheme resulted in the fraudulent acquisition of over VND 140 billion.

Following allegations made by a group of investors accusing the Real Estate Service Joint Stock Company (HOSE: DXS) of violating agreements related to bond issuances, the DXG Corporation (HOSE: DXG), the parent company of DXS, has taken proactive steps by submitting a document to the investigating authorities, requesting a thorough investigation into the matter.

In the first week of July, a slew of banks continued to raise their deposit interest rates. Over 20 banks are now offering interest rates ranging from 5% to 6% per annum on 12-month fixed deposits. This upward trend in deposit rates, which began in May, has now continued for three consecutive months.

The notion that banks only deal in traditional collateral such as real estate and automobiles is a misconception. In recent times, a bizarre array of collateral has been popping up in auctions: from wine barrels and funeral homes to chicken farms, abandoned orchards, scrap metal, used clothing, and even electronic scales. This eclectic mix of assets being offered as security for loans showcases the evolving nature of the banking industry and the diverse range of businesses and individuals it serves.