Culture ministry proposes increasing TV advertising time
industries | 453976596The Ministry of Culture, Sports and Tourism has proposed increasing the advertising time for TV channels to increase their revenues.
Deposit interest rates reach 11.45%
industries | 453996596Over 20 banks are listing deposit interest rates of 9-10% a year, and smaller lenders are offering negotiable interest rates of up to 11.45% for deposits over a hundred million dong (VND100 million=$4,264).
Private bank profit tops $1B
industries | 453346596After the four state-run banks announced profits of around the US$1-billion mark for 2022, private lenders Techcombank and VPBank have followed suit.
Pharma firms see profits soar post-Covid
industries | 453126597Many pharmaceutical firms have reported record profits in 2022 thanks to high demand for drugs and other healthcare products post-Covid.
Global smartphone shipment slowdown could hurt Vietnam
industries | 453106596Manufacturing hubs like Vietnam and South Korea could be hurt this year as global smartphone shipments suffered its worst quarterly drop on record, signaling a cool down in consumer demand.
HCMC hotel rates jump in Q3
industries | 452156597Room tariffs at four- and five-star hotels in HCMC in the third quarter were 22% up from the previous quarter and 50% up year-on-year, according to Savills Vietnam.
Vietnamese buy Bitcoin in hope it has bottomed
industries | 452136597Many investors are buying Bitcoin after the cryptocurrency’s price fell to US$20,000, its lowest level since December 2020.
Steel giants report huge losses in Q4
industries | 451976597A drop in prices and consumption put major steel businesses Hoa Phat, Nam Kim and VNSteel in the red in the fourth quarter of 2022, dragging their annual results to the lowest level in many years.
Vietnam cryptocurrency miners install more rigs as Bitcoin climbs
industries | 451546597Cryptocurrency prices have surged this month, prompting Vietnamese to install mining rigs although it’s not yet a lucrative trade.
Food delivery platforms see gross merchandise value rise 37.5%
industries | 451396597The total gross merchandise value (GMV) of food delivery platforms in Vietnam hit $1.1 billion in 2022, up from $800 million in 2021, said Singapore-based venture outfit Momentum Works.