MAJOR BANKS CONTINUE CUTTING DEPOSIT INTEREST RATES
Vietcombank last week cut its rate by 0.2 per cent per year for terms under 12 months, pulling interest rates for 1-2 month, 3-month and 6-9-month deposits down to 1.7 per cent, 2 per cent and 3 per cent per year, respectively. The highest interest rate at the bank is 4.7 per cent per year when customers deposit for 12 months or more.
CREDIT INSTITUTIONS FORECAST BANK CREDIT TO INCREASE BY 4.4% IN Q1 2024
Outstanding loans of the banking system are forecast to increase by 4.4 per cent in the first quarter of 2024, according to the State Bank of Vietnam (SBV)’s survey of business trends of credit institutions in the first quarter of 2024. Under the latest survey released last week, credit institutions forecast the rise of the outstanding loans in the whole year of 2024 would be 14.2 per cent, 0.4 percentage points higher than the forecast in the previous survey.
CENTRAL BANK POLICIES WILL ADDRESS MODEST SLOWDOWN
The global growth rate for 2024 is projected at approximately 2.9 per cent, a slight decrease from the 3.1 per cent observed last year. This trend indicates a modest slowdown, yet it’s important to note that the economy remains above the recessionary threshold, typically marked by growth rates below 2 per cent.
SEND ALL THE SWEETNESS FOR THE FIRST DAY OF THE YEAR AT LEGEND LOUNGE
Let's bid farewell to 2023 and welcome the new year at LOTTE HOTEL SAIGON.
With a vibrant color scheme filled with joy and color, LOTTE HOTEL SAIGON wishes you a happy and prosperous new year. As a luxurious and sophisticated hotel, LOTTE HOTEL SAIGON will provide an exciting adventure to explore promotional events and mark a memorable holiday season.
SOUTHERN REGION FACES SCARCITY OF NEW SUPPLY OF INDUSTRIAL LAND
According to a report by Cushman & Wakefield released this week, the industrial real estate market in the south, specifically key areas such as HCM City, Bình Dương, Đồng Nai, Long An and Bà Rịa-Vũng Tàu provinces, did not have any launches in the last quarter of 2023.
INCENTIVES NEEDED TO RAISE COMPETITIVENESS OF LOGISTICS INDUSTRY: INSIDERS
The logistics industry has made big strides in recent times, significantly contributing to the country’s economic growth and generating a number of jobs. In the World Bank rankings, Việt Nam currently ranks 64th out of 160 countries in terms of logistics development and fourth in Southeast Asia after Singapore, Malaysia and Thailand.
SPRING GETAWAY
Experience the vibrant Tet Holidays in the heart of Saigon with our Spring Getaway promotion at Sedona Suites. Immerse yourself in the city's festive spirit with flower-bedecked streets, traditional Tet flavors, and lively lion dance performances.
HOT DEAL UP TO 90% OFF FOR MANY BRANDS
Established in 1996 in Vietnam, IMV is a member of one of Asia’s most influential corporations & the distribution company with a wide range of products from baby to cosmetics category. Don't miss the exclusive opportunity to enjoy discounts of up to 90% from 10+ renowned international quality-standard brands such as Pigeon, Astalift, Cathy Doll, Instax, Floralpunk, and more at the IMV EXCLUSIVE GARAGE SALE. With a diverse range of products including beauty, cameras, and mother and baby items, this is a chance for you to shop for yourself and your family in preparation for the upcoming Tet holiday.
