Business News

The market opened the week on a negative note, with both benchmark indices losing more than 1 per cent, as selling pressure weighed on investors' sentiment from the beginning of the session.

According to the experts, the participation of real estate companies in banks can adversely influence these banks’ lending practices. Leaders of real estate companies, who are also ultimate owners of certain banks, can channel more loans to their real estate projects, online newspaper bnews.vn reported.

Resolution on fiscal and monetary policies supporting the socio-economic recovery and development programe was ratified at the 15th National Asembly's first extraordinary session (January 4-11, 2022).

More initiatives from the government to develop the real estate industry, particularly taxation and credit limitation, are believed to lay a foundation for curbing land speculation, maximising residential properties and creating a set of diversified financing options.

HCM City received a record US$7.1 billion worth of remittances last year, a 16 per cent increase from 2020 and accounting for more than half of the country’s total remittances, according to the State Bank of Việt Nam.

The COVID-19 pandemic has sparked a boom in e-commerce in Việt Nam since consumers shift their spending habits towards online platforms. However, as online sales continue to grow, so does tax evasion.

Ahead of the 2022 Lunar New Year, the stock market saw a strong correction, with hundreds of stocks closing at lower levels. However, this is expected to be a short-term trend.

According to the latest data from the State Bank of Vietnam (SBV), deposits of individual customers at banks by the end of November last year increased by just 2.63 per cent, the lowest growth rate in many years.