Investments in logistics and industrial real estate in the Asia Pacific will double in the next three to five years as investors look to increase exposure to the asset class, property consultant Jones Lang LaSalle has forecast in a recent report.

Deposit mobilisation by credit institutions in HCM City grew by 4 per cent as of July 31 to VNĐ3.02 quadrillion (US$132.5 billion), according to the State Bank of Vietnam.

Banks at the end of July reported significant increases in first-half profits on strong credit growth despite pressures from the pandemic

SeABank will reduce interest rate by maximum one per cent a year for loans of its existing customers till the end of this year to share their difficulties caused by the COVID-19 pandemic.

The State Bank of Vietnam (SBV) has directed credit institutions to reduce some transaction fees from August 1 this year to support customers amid the outbreak of the latest COVID-19 pandemic.

Banks would continue to tighten lending in risky sectors including securities, real estate, financial and tourism business, seeing higher credit risks in the remaining months of this year.

HDBank has just announced that it will close the list of shareholders entitled to receive 2020’s stock dividend at the rate of 25 per cent on August 27.

Corporate bond issuances in the second quarter of this year rose by 3.7 times from the first and 30 percent year-on-year.

The State Bank of Việt Nam is studying a proposal for developing a law on resolving the non-performing loans (NPLs) of credit institutions over the risk of rising bad debts as the COVID-19 pandemic weighs on production and business.

Although local iron and steel prices have dropped, they are still at high rates, up 1.7 times compared to the end of 2020, causing investors and construction contractors to suffer.