Business News

The State Bank of Vietnam (SBV) has announced plans to reduce the ceiling levels of deposit rates for short-term tenors and lending rates for priority sectors from today, November 19. Local commercial banks have also raced to lower their interest rates in recent days.

The world has around 50 mega cities. Mega cities and rapid urbanization are creating pressures on infrastructure, housing, services and environment to meet the living requirements of current and future generations. These cities have been experiencing a large-scale change revolution regarding innovative building solutions, adjusting living space and infrastructure to accommodate changes of economy, environment, technology, society and culture.

JP Morgan rated shares of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), the Vietnam Technological and Commercial Joint Stock bank (Techcombank) and the Asia Commercial Joint Stock Bank (ACB) at over weight and the Vietnam Prosperity Joint Stock Commercial Bank (VPBank) at neutral.

Speeding up the construction of the new Liên Chiểu Cargo Port would help promote Đà Nẵng as a key international logistics centre, and allow the existing Tiên Sa Port to be reserved for cruise ships only.

The report focuses on the management of entry, exit, transit, and residence of foreigners in Viet Nam, policies on investment, business, housing, labor, education, training, healthcare, culture, sports, and tourism for foreigners in the context that Viet Nam has signed a series of bilateral and multilateral agreements which facilitate free flows of foreign organizations and individuals.

“After a quiet period, the fibre sector has started to prosper. Customers are showing more interest in it while the price has also recovered. We hope the market will correct itself over the next year and return to the highs seen in 2016-17,” Hiếu said.

Leader of Xiamen Port Group, Zhiping Chen, said Xiamen is a coastal city in Fujian Province in China. Xiamen Port is among the top seven largest ports in China and the 16th largest container port in the world. The port is a deep-water one that can accommodate up to 100,000-ton ships. It has routes to Asia, Europe, the Americas and the Mediterranean.

Digital technologies have had a strong impact on the country's economy and nowhere that impact has been more strongly felt like in the banking and finance sector. Technologies helped improve business models and processes as well as created new products and services to serve the need of customers.