Day: February 20, 2024

Path to modern north-south hi-speed railway construction outlined

Hanoi: The building of the north-south hi-speed rail line must ensure modern, cohesive, and sustainable elements in line with the Politburo’s guideline as outlined in Conclusion No. 49-KL/TW, permanent Government members made the conclusion in a docum…

Metfone celebrates 15 years of operation in Cambodia

Phnom Penh: Metfone under the Viettel Military Industry and Telecoms Group (Viettel) marked its 15 years of operation in Cambodia at a ceremony held in Phnom Penh on February 19.

Speaking at the event, Viettel Chairman Tao Duc Thang said that the gro…

Vietnam to send 125,000 labourers abroad in 2024

Hanoi: Vietnam aims to send 125,000 labourers abroad to work under contracts in 2024, focusing on key traditional markets such as Japan, Taiwan (China) and the Republic of Korea (RoK), according to the Ministry of Labour, Invalids and Social Affairs (…

Companies increase deposit amounts to maximise interest earnings

Hanoi: Due to challenging business conditions and high deposit interest rates earlier this year, many companies were quick to increase their deposit amounts to earn interest.

As of the end of 2023, Mobile World Investment Corporation (MWG) held 24.3 …

Slower credit growth makes banks set modest targets in 2024

Hanoi: Slower than expected credit growth and a large number of non-performing loans have resulted in conservative growth targets among commercial banks for 2024, said industry insiders and experts.

In 2023, the country’s largest commercial banks, in…

Experts upbeat about real estate prospects

HCM City: Experts from top real estate consulting companies in Vietnam have expressed optimism about development prospects of the real estate market, particularly regarding the office and industrial segments.

According to Savills Vietnam, despite num…

MoMo remains most popular e-wallet in Vietnam

HCM City: MoMo has solidified its position as the most popular e-wallet in Vietnam for two consecutive years, according the Fintech Industry Rankings 2023 announced by Viettel’s information monitoring and analysis system on the network environment (Re…

Hanoi’s real estate awaits new supply

Hanoi: House buyers in the capital can pin hopes on new supply coming from infrastructure development this year, which is expected to push up demand for housing in neighbouring localities with reasonable prices and larger land reserves.

Savills Vietn…

Central bank takes credit growth as 2024 key task

Hanoi: Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong on February 20 said propelling credit growth is the key task in 2024 to ensure ample capital for the economy.

In an online conference of the banking sector, the official also highligh…