An individual stands in front of an electronic board featuring stock information. The local stock market advanced on April 6, 2020 - PHOTO: THANH NIEN HCMC – Hundreds of stocks, including bluechips, shot up to their ceiling prices at the close today, April 6, helping the VN-Index of the Hochiminh Stock Exchange to gain nearly 5%. … [Read more...] about Bluechip stocks fuels stock market rally
Joint stock commercial bank for foreign trade of vietnam
Banks cut deposit rates as credit demand dwindles
The third largest lender in the country, Vietinbank, has lowered its interest rates by 0.2 percentage points to 6.6 percent for terms of six to less than 12 months, keeping the rate for a 12-month fixed deposit unchanged at 6.8 percent. … [Read more...] about Banks cut deposit rates as credit demand dwindles
Poor households to receive support from social policy bank
Hanoi (VNA) - The Vietnam Bank for Social Policy (VBSP) has proposed cutting the loan interest rate for poor households by 15 percent from April 1 until the end of the year. Under the proposal, families who made a great contribution to the nation will also receive a reduction of 10 percent. The bank also proposed that employers can borrow money at the bank with no interest for a year to pay employees who must cease working for three months due to the pandemic. It is estimated a total of 16.2 trillion VND (688 million USD) will be borrowed and 3 million workers will benefit from the programme. In recent days, relevant ministries and the VBSP have been completing the Government’s draft resolution about supporting residents in coping with COVID-19 pandemic. VBSP Deputy General Director Nguyen Duc Hai said most people borrowing money at the bank were poor, or families who made great contributions to the nation. He said the bank had implemented different … [Read more...] about Poor households to receive support from social policy bank
Vietnam’s proposed increase in minimum taxable income ‘thoughtless’
In its latest proposal, the Ministry of Finance has suggested raising the minimum taxable personal income from VND9 million ($389) per month to VND11 million ($476) per month, while the tax reduction for each of the taxpayer's dependents would also be increased from VND3.6 million ($156) per month to VND4.4 million ($190) per month. … [Read more...] about Vietnam’s proposed increase in minimum taxable income ‘thoughtless’
SE Asia Stocks: Up as global equities cheer slowing virus; Vietnam surges 5%
Financials were the top gainers, with PT Bank Central Asia Tbk climbing 4.4% The Philippine benchmark closed up 4.2%, with gains in big cap conglomerates SM Investments and Ayala Land boosting the index. … [Read more...] about SE Asia Stocks: Up as global equities cheer slowing virus; Vietnam surges 5%
