Advertisements No matter how much money you earn, you’ll always be poor if you spend more than you make. In a world of average people — and average salaries — many of us aspire to join the 7-figure club. Who doesn’t dream of becoming wealthy, so they can stop working, go on guilt-free shopping spreesContinue reading “Things Wealthy People Do to Keep Getting Richer”
Category Archives: Finance
VN-Index drops for three straight days
Advertisements The VN-Index declined for three straight days on Thursday as many large caps unexpectedly lost value by the end of the session. The VN-Index on the Hồ Chí Minh Stock Exchange lost 0.09 per cent to close Thursday at 976.79 points, totalling a three-day fall of 0.8 per cent. Nearly 160 million shares wereContinue reading “VN-Index drops for three straight days”
Former Da Nang leaders caused city $1.5 billion losses in land deals
Advertisements Land-related violations by two former Da Nang chairmen caused the city losses of VND36 trillion (over $1.5 billion), police allege. Tran Van Minh, 63, leader from 2006 to 2011, and Van Huu Chien, 64, leader from 2011 to 2014, face charges for wrongdoing in connection with land and public property administration and use, theContinue reading “Former Da Nang leaders caused city $1.5 billion losses in land deals”
Steel exports generated US$1.93 billion in the first seven months of 2019
Advertisements Steel exports generated US$1.93 billion in the first seven months of 2019, with the US remaining the largest importer of Vietnamese steel products. NhanDan Online reports. The figure is up 14.7% compared with the same period of 2018, according to the General Department of Customs. Steel exports in July alone rose 4.7% after threeContinue reading “Steel exports generated US$1.93 billion in the first seven months of 2019”
VN stocks fall as worries over potential risks increase
Advertisements Vietnamese shares declined on Wednesday morning, dragged by the banking and realty sectors as investors worried about increasing risks. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange fell 0.26 per cent to close at 976.78 points. The VN-Index was down 0.48 per cent on Tuesday as the stock market re-opened after theContinue reading “VN stocks fall as worries over potential risks increase”
Vietnam startups gain on Indonesia and Singapore with new funding
Advertisements E-tailer Tiki receives lion’s share of $246m investment in first half of 2019. Vietnam’s startup sector is growing at a rapid clip despite the global economic slump, as it closes the gap with regional leaders Indonesia and Singapore. Nikkei Asian Review reports. According to joint research by Ho Chi Minh City-based venture capital ESP CapitalContinue reading “Vietnam startups gain on Indonesia and Singapore with new funding”
Flywire and Vietnam’s VPBank partner on international tuition payments for students
Advertisements New partnership will simplify international tuition payments for Vietnamese students. Working together the companies are addressing the unique requirements and nuances of the Vietnamese market and ensuring compliance with local regulations while offering students and their families greater convenience and choice. By partnering with VPBank, Flywire enables Vietnamese students to make their international tuitionContinue reading “Flywire and Vietnam’s VPBank partner on international tuition payments for students”
Enjoy unlimited cash back and transaction security with VIB international card
Advertisements Vietnam International Bank (VIB) just upgraded its international debit card (IDC) to include the first comprehensive protection applied to this card in Vietnam, consisting of ATM protection and e-commerce purchase protection, along with attractive and unlimited cash back, up to 2% for all transactions. Talking about IDC’s upgrading, Ms Nguyen Mong Tuong, Head ofContinue reading “Enjoy unlimited cash back and transaction security with VIB international card”
Vietnam Is The Next Payments And Commerce Frontier, Here’s Why
Advertisements Here’s a thought as the unofficial end of summer draws near and a new decade looms: Pay more attention to Vietnam. No doubt you already are, but maybe pay even more attention, especially to get a better sense of how digital and mobile payment and commerce trends are playing out in one of theContinue reading “Vietnam Is The Next Payments And Commerce Frontier, Here’s Why”
Vietnam is ripe for private equity investors as US-China trade war drags on
Advertisements The prolonged trade fight between the United States and China is reordering the global supply chain and Vietnam could stand to be a winner for investors, according to a senior executive at U.S. investment firm General Atlantic. CNBC reports. As American companies plan to move their manufacturing bases outside China, countries in Southeast AsiaContinue reading “Vietnam is ripe for private equity investors as US-China trade war drags on”
Central bank warns against high deposit rates
Advertisements The central bank has threatened to sanction banks offering high interest rates on deposits fearing a race could destabilize the banking sector. Some lenders, like Viet Capital Bank, have announced deposit rates as high as 10.2 percent. The rates at the beginning of the year were around 8-9 percent. Interest rate hikes threaten theContinue reading “Central bank warns against high deposit rates”
Grab will invest $500 million in Vietnam over the next five years
Advertisements Southeast Asian ride-hailing giant Grab said Wednesday it will invest $500 million in Vietnam over the next five years to expand its services in the country. CNBC reports. Ride-hailing firm Grab announced on Wednesday it will invest $500 million in Vietnam over the next five years to expand its services in the Southeast Asian country. TheContinue reading “Grab will invest $500 million in Vietnam over the next five years”
Vietcombank in Forbes’ top 50 listed Vietnamese companies
Advertisements The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has entered Vietnam’s 50 best listed companies in 2019 by Forbes Magazine for the seven consecutive years. Honoured companies this year were rated on the basis of compound annual growth, profit, return on equity, earnings per share growth between 2013 and 2018, branding,Continue reading “Vietcombank in Forbes’ top 50 listed Vietnamese companies”
Illegal foreign currency transactions rampant in Danang
Advertisements Many shops in Han Market, Danang City, have been found to be illegally offering foreign currency trading for tourists. A seller in Han Market received Thai baht from tourists without question. After being asked whether her shop trades in foreign currency, the seller denied the accusation and said that the tourists couldn’t exchange theContinue reading “Illegal foreign currency transactions rampant in Danang”
UOB Vietnam expands to Hanoi
Advertisements United Overseas Bank (UOB) continues to deepen its presence in Vietnam with the opening of its Hanoi branch on Thursday (Aug 22) – the bank’s first beyond Ho Chi Minh City. The expansion comes a year after the incorporation of UOB’s fully-owned subsidiary in Vietnam, reflecting the bank’s commitment to providing its financial servicesContinue reading “UOB Vietnam expands to Hanoi”