Water supplier blames losses on forex rates

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VietStock FI English 23 hour(s) ago

Listed utility Phnom Penh Water Supply Authority (PPWSA) said in a filing to the Cambodian Securities Exchange (CSX) yesterday that a sharp decline in net profit during the first three months of the year was the result of exchange rate fluctuations.

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Dollar strengthens as central bank lifts rate

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Báo Đầu Tư English 4 day(s) ago

Dollar strengthens as central bank lifts rate

The US dollar strengthened at domestic commercial banks on Monday, following an increase in the reference exchange rate that the State Bank of Viet Nam adjusted for the day.

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Businesses fear loan interest rate hikes as banks pay more for deposits

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Báo Thanh Niên English 5 day(s) ago

Businesses fear loan interest rate hikes as banks pay more for deposits

Commercial banks have hiked deposit interest rates, raising fears about a concomitant lending rate hike, which would deal a big blow to local enterprises that are already struggling to compete with their foreign rivals who can borrow at much lower rates from foreign banks.

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With a British adieu to EU, it's farewell to a Fed rate hike for now

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Báo Thanh Niên English 1 week(s) ago

With a British adieu to EU, it's farewell to a Fed rate hike for now

The U.S. Federal Reserve, already undecided on when next to raise interest rates, now has one more reason to wait: Britain's vote on Thursday to leave the European Union.

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Fuel prices drop slightly

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Báo Dân Trí English 1 week(s) ago

Fuel prices drop slightly

Fuel prices have a small drop on June 20 after six price hikes while diesel and kerosene experienced price increases.

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Banks try to cut loan rates but seek Gov't help

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Báo Đầu Tư English 1 week(s) ago

Banks try to cut loan rates but seek Gov't help

Over a month after the State Bank of Viet Nam called on banks to cut interest rates on loans, particularly to businesses, some banks - including joint stock lenders - have reduced their rates by 0.5-1 per cent.

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Call to raise deposit rates on US dollar

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Báo Dân Trí English 1 week(s) ago

Call to raise deposit rates on US dollar

Several experts have suggested raising the US dollar deposit rates, which are currently pegged at zero percent, in order to attract domestic savers.

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Only one in ten residents believes Ho Chi Minh City is safe: survey

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Báo Tuổi Trẻ English 2 week(s) ago

Only one in ten residents believes Ho Chi Minh City is safe: survey

Only one out of ten respondents to a recent survey believes that Ho Chi Minh City is a safe place to live, with high crime rates seeming to be a huge factor in the dominance of negative feedback.

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Banks required to report monthly interest rates

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Báo Đầu Tư English 2 week(s) ago

Banks required to report monthly interest rates

State Bank of Viet Nam has ordered credit institutions and branches of foreign banks to report their lending, capital mobilisation and interest rates in Vietnamese dong every month going forward.

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Fed leaves interest rates unchanged

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Báo Thanh Niên English 2 week(s) ago

Federal Reserve Chair Janet Yellen announces that interest rates will be left unchanged but signals that the U.S. central bank still plans two hikes this year.

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Euro gains on dollar as ECB launches new bond buying

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Báo Đầu Tư English 3 week(s) ago

Euro gains on dollar as ECB launches new bond buying

The euro pushed higher against the US dollar on Wednesday, hitting its highest level in three weeks as the European Central Bank launched new stimulus operations.

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Local suppliers find blocks to supermarket access

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Báo Dân Trí English 3 week(s) ago

Local suppliers find blocks to supermarket access

Small local suppliers are being confronted with demands for huge trade discount rates and bribery in order to access supermarket distribution.

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Gov’t crafts 2017 socio-economic development plan

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Báo điện tử CP English 1 month(s) ago 1 related news

Gov’t crafts 2017 socio-economic development plan

VGP – The PM has issued Directive 21/CT-TTg, demanding that ministries, agencies, localities, SOEs build a plan for socio-economic development and budget estimate in 2017.

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Precision medicine can widen cancer care options: studies

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Báo Thanh Niên English 3 week(s) ago

Precision medicine can widen cancer care options: studies

Using a patient's individual tumor biomarkers to determine the best treatment can improve success rates, studies showed Saturday.

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Vietnamese race to buy luxury cars as tax hikes near

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Báo Tuổi Trẻ English 1 month(s) ago

Vietnamese race to buy luxury cars as tax hikes near

Vietnamese consumers are racing to buy luxury cars before taxes skyrocket under new special consumption tax rates that will come into effect on July 1.

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