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Banks continue to slash deposit rates

Local lenders have lowered 6-month deposit interest rates since August. Interest rates for 12-month terms range from 6–7% per year.

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Vietnam borrows more than $530 million from international partners

The Vietnamese government signed six loans totaling $531.79 million in the first seven months of 2023, according to the Debt Management and External Finance Department.

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Vietnam's Nghi Son refinery could face a $1 bln loss in 2023

A document signed by Kuwait's oil minister and seen by Reuters showed that Vietnam's largest oil refinery, in which Kuwait Petroleum International (KPI) owns a stake, could lose $1 billion this year.

  • "Copycat layoffs" won't do the tricks

    Layoffs might seem like a quick and effective short-term solution but will come at higher costs in the long run, especially in terms of employee loyalty and productivity.
  • Furniture market to see increased competition

    Vietnam's furniture market has been said to be among some of the fastest growing in the Pacific region, attracting major international brands to enter the country in recent years, said industry experts.