(Saigon Investment) - The year 2020 marked an end of a tumultuous decade that was full of turbulent and unsettling events across the globe that affected the global economy in particular.
(Saigon Investment) - Despite strong net selling in 2020, and positive moves in the last two months of last year, the results show that foreign investors cannot stay out of the market for long. Pressure from domestic investors is one factor that will cause foreign capital flow to reverse in the future.
(Saigon Investment) - In 2021, as also in coming years, real estate is forecast to be an important investment channel that will attract volumes of cash flow, amid a sharp drop in interbank interest rates. Only after the stock market, the real estate market is being favored by investors.
(Saigon Investment) - Vietnam moved at lightning speed very early in 2020 as soon as the first cases of the coronavirus began to emerge. The country’s prompt and efficient response to containing and controlling the Covid-19 pandemic before it could cause much harm to its population helped in also keeping the economy afloat even as the pandemic continued to rage on.
(Saigon Investment) - Analysts were not surprised that Vietnam was labeled with the tag of currency manipulator by the US Department of the Treasury. Vietnam was already on the watch list, along with ten other countries/territories, namely, India, Thailand, Taiwan, China, Japan, South Korea, Germany, Italy, Singapore, and Malaysia.
The company in Guangdong province started fining workers 20 yuan (US$3) for using the lavatory more than once a day, claiming it was to counter laziness at work. While some internet users supported the company’s decision, many more lambasted it for exploiting staff. The local government said the fines were illegal
(Saigon Investment) - Banks must crosscheck and verify all given information of a savings book or savings account holder before sanctioning a loan, so as to avoid any risk to the bank. Dr. NGUYEN TRI HIEU, a banking and financial expert, spoke with Saigon Investment to explain this issue further.
(Saigon Investment) - Although the State Bank of Vietnam has warned against taking out loans on savings books, this practice is still very much prevalent and even gaining in popularity recently, especially during the Covid-19 pandemic when people are facing hard times. Commercial banks too are making a beeline to increase their cash flow by the end of the year due to a serious decline in credit growth.
Iran has resumed 20% uranium enrichment at an underground nuclear facility, the government said on Monday, breaching a 2015 nuclear pact with major powers and possibly complicating efforts by U.S. President-elect Joe Biden to rejoin the deal.
(Saigon Investment) - Since the sudden and virulent outbreak of the Covid-19 pandemic very early this year, the global financial markets have become unpredictable and in disarray.
(ĐTTCO) - House Speaker Nancy Pelosi (D-CA) revealed Friday morning a set of proposed changes to the House rules for the next Congress, which convenes Sunday at noon, including changes that would enshrine gender-inclusive language and cease the use of so-called non-inclusive words.
(Saigon Investment) - The current top economic topic in Vietnam is why the US Department of the Treasury has termed Vietnam as a currency manipulator. There is also discussion as to why only Vietnam and Switzerland have been targeted in this report, and why many other countries and territories such as Taiwan and Germany have been spared by the top US financial body.
(Saigon Investment) - The Hanoi Stock Exchange (HNX) saw 2,311 separate registrations for corporate bonds until November 2020, with 1,970 successful issuances valued at VND 348,400 bn, compared to VND 296,700 bn in 2019.
A printing business in upstate New York that has been a staple in the community for nearly a century burned to the ground on Christmas Eve. Taking 70 firefighters to put out the raging flames, City Blue Imaging Services on Scio Street in Rochester was reduced to rubble by Christmas morning.
(Saigon Investment) - The Government has recently amended a number of regulations in the Land Law via Decree 148, which will be effective from February 2021. Accordingly, thousands of projects on public land that were being held up for last several years will now benefit and be able to settle long standing disputes.
(Saigon Investment) - Governments are already concerned of any post Covid-19 impact on inflation, especially those in rich developed nations where the rate of inflation has remained low for many consecutive years.
