Business News

Macau’s biggest junket operator Suncity Group Holdings Ltd. is undaunted in its ambition to start operating Vietnam’s largest casino in the central province of Quang Nam. The project is expected to be launched next year.

For the purpose of supporting all businesses of the South Central Coast and Central Highlands in applying science and technology for agricultural development, popularizing their brands and attaining good competitiveness in the integration period, the Ministry of Science and Technology and nearly 30 central and local agencies organize the Program on “Science and Technology for Agricultural Development In South Central Coast And Central Highlands 2018” to introduce agricultural technologies, equipment and products; facilitate experience exchanges; strengthen the cooperation between domestic and foreign scientists and businesses; promote investment, technological innovation and market development; and commercialize products that are generated from successful research outcomes in order to contribute to economic growth in the integration period.

According to experts, Vietnam’s real estate market will continue to charm foreign investors thanks to high liquidity and alluring profit-making prospects.  The latest report by CBRE, a leading real estate advisory firm, showed that a total of 8,800 new condos were put on sale in Hanoi’s realty market over the first quarter this year, 6,600 units of which have already found buyers.

The real estate market continues to be attractive to investors, but the level of competition would be much higher this year and the following years. This was heard at the Vietnamese business forum: voices of property companies in the 2018-19 period held in Ha Noi on Wednesday. The forum was under the award ceremony of c.

Garment and textile firms should understand the needs of their workers and invest in enhancing human resource management to sustain a productive and quality workforce, a seminar heard in HCM City last Saturday.

Real estate lending continued to remain high at more than 10 per cent of the total outstanding loans in several banks. Online news portal Bizlive.vn reported that the top five banks recording a high proportion of real estate lending by the end of last year were Sacombank, 17.6 per cent; Techcombank, 12.6 per cent; LienVietPostBank, 11.6 per cent; Kienlongbank, 10.1 per cent and VPBank, 8.5 per cent.

Many banks have slashed deposit interest rates by 20-40 basis points given their ample liquidity, Tien Phong newspaper reports. Vietnam Prosperity Commercial Bank (VPBank) has lowered rates by 20 basis points for deposits of less than six months, 30 basis points for six- and seven-month tenors, and 40 basis points for savings of between eight and 11 months. This is the third deposit rate cut of VPBank in two months.

The e-commerce sector in Việt Nam has seen remarkable growth in recent years, but a lack of uniformity in delivery and payment methods may lead to many businesses missing opportunities.