Business News

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GARMENT FIRMS SHOULD MEET WORKERS’ NEEDS

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.

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REAL ESTATE LOANS REMAIN HIGH IN SOME BANKS

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.

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VIETNAM’S FDI ATTRACTION: WHICH SECTORS TO PRIORITISE?

Vietnam has very good achievements in foreign direct investment attraction, however, it needs to change its strategy and orientation to focus on the necessary sectors to improve efficiency.

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BANKS CUT DEPOSIT RATES

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.

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NEW POLICIES COME INTO EFFECT IN APRIL

A series of policies in fields of sea lanes and traffic separation schemes in the territorial sea of Viet Nam, State’s special goods transported and protected by the Viet Nam People's Security Forces and compulsory fire and explosion insurance products will come into effect since April 2018.

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VN ENJOYS $2.7B TRADE SURPLUS IN Q1

Việt Nam witnessed a trade surplus of nearly US$2.7 billion in the first quarter of this year, according to a report from the General Department of Customs. This far exceeds the previous estimated figure of the General Statistics Office of $1.3 billion.

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JLL: 1Q18 VIETNAM PROPERTY MARKET BRIEF

​• Vietnam's economy growth hits 10 year high of 7.38%• Total retail sales and international arrivals continue to uplift• Vietnam's FDI continues to attract the majority of investments from Asian countries

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TASTE OF MONGOLIA - LAND OF ETERNAL BLUE SKY AT WINDSOR PLAZA HOTEL (20 – 29 APRIL 2018)

From the vast and open sweep of the Mongolian steppe a hardy nomadic people have developed a cuisine unique in the world, and this will form the centre-piece of Windsor Plaza Hotel’s Mongolian Culinary Fair.

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LOGISTICS SECTOR STRUGGLING TO MEET DEMANDS OF E-COMMERCE

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.