A report from the Hồ Chí Minh Securities Company shows that bank interest rates have risen by 0.46 percentage points for short-term loans since the end of last year to 7-9 per cent and to 9-12.5 per cent for medium- and long-term loans. — Photo vietnambiz.vn A report from the Hồ Chí Minh Securities Company shows that bank interest rates have risen by 0.46 percentage points for short-term loans since the end of last year to 7-9 per cent and to 9-12.5 per cent for medium- and long-term loans. The report named lenders such as Agribank, Military Bank, Sacombank, VP Bank and ACB as adjusting their rates upwards in the last two months. According to experts from the Ministry of Planning and Investment’s National Centre for Socio-economic Information and Forecast, inflation and exchange rates remain under control but are under great pressure, and so prudent monetary policies are needed to curb inflation, especially demand-pull inflation. They have … [Read more...] about Tight monetary policy: where can businesses find funds?
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Vietnam’s Macroeconomic Policies-Third Quarter 2018 under scrutiny HCM City Securities Corp tops derivatives market share HCM City Securities Corporation (HSC) had the biggest market share on the derivatives market in the third quarter of 2018, according to the Ha Noi Stock Exchange. Of the 11 securities companies that are allowed to operate in the derivatives market, HSC held a 25.35 per cent market share. HSC was followed by VNDirect Securities JSC (23.98 per cent), MB Securities JSC (15.88 per cent) and Saigon Securities Inc (15.40 per cent). Other securities firms with less than 10 per cent market share included VPBank Securities JSC (9.87 per cent), BIDV Securities JSC (4.65 per cent) and Viet Capital Securities Co (2.84 per cent). The three new securities companies whose operation on the derivatives market had been accepted earlier by the HNX were Viet Dragon Securities JSC, KIS Vietnam Securities Co and Vietcombank Securities Co Ltd. Those three … [Read more...] about BUSINESS NEWS IN BRIEF 16/10
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Jenna Russell Globe Staff October 06, 2018 LAWRENCE — On the summery morning in May when she first unveiled her South Broadway bakery and cafe, Elizabeth Bautista unlocked the door and waited nervously, gazing out the front window at the busy street. She had dreamed for years of opening this little shop. Since immigrating to America from the Dominican Republic, in 2010, she had picked up extra waitress shifts whenever she could, tucking away every spare dollar she earned. When at last she was ready, and had found a space she could afford to rent, Bautista and her friend and business partner, Dya Garcia, worked night after night to make it beautiful.They re-tiled the floor, re-plastered the walls and painted them a pale celestial blue, hung blue wallpaper scrolled with delicate gold. They painted the ceiling, balancing on ladders, and painstakingly assembled … [Read more...] about Lawrence businesses fight for survival as gas remains shut off
Vietnam-EAEU FTA produces positive outcomes Officials of Vietnam and the Eurasian Economic Union (EAEU) lauded the upbeat outcomes brought about by the EAEU – Vietnam free trade agreement (EAEU – Vietnam FTA) in more than one year and a half since it took effect. The enforcement of the FTA was reviewed at a working session between Vietnam’s Minister of Industry and Trade Tran Tuan Anh and Minister for Trade of the Eurasian Economic Commission (EEC) Veronika Nikishina, in Moscow on June 18. According to statistics of the Vietnam Customs, trade between the two sides hit 3.9 billion USD in 2017, up 31 percent from 2016. Also in 2017, Vietnam recorded a trade surplus of nearly 1 billion USD with the bloc. In the first four months of 2018, the bilateral trade was at 1.53 billion USD, an annual increase of 35 percent. Key exports of Vietnam to EAEU were phones – components, computers – electronic devices, apparel, footwear, fruit – … [Read more...] about BUSINESS IN BRIEF 20/6
Wood furniture firms advised to optimise domestic materials The world’s wooden interior décor market is predicted to grow 3.5 percent in 2018 and continue expanding, bringing chances for Vietnamese businesses to raise exports of the products. If Vietnamese businesses optimise the material sources they have and make the best use of trade promotion activities, their export earnings can surpass 8 billion USD. According to Huynh Van Hanh, Vice President of the Handicraft and Wood Industry Association of Ho Chi Minh City, in the past 15 years, the wood industry has maintained the growth rate of 8-15 percent a year despite world economic fluctuation. The biggest issue of the wood processing enterprises in Vietnam is they are focusing on a market section with low added value, mostly concentrating on outsourcing for foreign clients. To further develop the domestic wood sector, the businesses should pay attention to a higher target of selling abroad the whole space of high-end … [Read more...] about BUSINESS IN BRIEF 14/6