A bank appears to "sell" a deposit certificate of VND 100,000 with an interest rate of 9.3%
SHB issued VND 5,000 billion in Phat Loc Deposit Certificates to individual customers. SHB said that with a minimum amount of only 100,000 VND, the first-year interest rate for 6-year and 8-year terms is 9.1%/year and 9.3%/year respectively; the interest rate for the following years will be adjusted appropriately, ensuring competitiveness in the market.
"Although the deposit certificate interest rate is very attractive, customers need to calculate carefully because the highest interest rate offered by some banks is only applied in the first year as a form of promotion.
In the following years, flexible interest rates will be applied, usually calculated according to the average mobilization interest rate of 4 state-owned commercial banks, plus the range.This is also only at the average level in the capital mobilization market, because currently the mobilization interest rate of state-owned commercial banks is often 1.5-2% lower than that of small commercial banks", said Dr. - Lawyer Bui Quang Tin, CEO ofbizLight Business School.
See more here
It is Lotte.vn's turn to officially close in Vietnam
After Vingroup's Adayroi, it was Lotte.vn's turn to announce the shutdown.
Talking to Lao Dong newspaper reporters, Lotte Mart representative said that they are currently operating their own e-commerce site, Speedl.vn. In the coming time, Lotte Mart will receive Lotte.vn and merge into Speedl.vn.
Previously, Vingroup announced that the Adayroi e-commerce platform had stopped operating after 4 years of operation. The race to "burn money" into e-commerce platforms shows no signs of stopping as most of the platforms dominating the market have not made a profit.
Lao Dong Newspaper once had an expert interview on the reason why "The money-burning game is still a failure of Vietnamese e-commerce platforms".
See more here
Gold prices increase for 3 consecutive sessions, deposit reaches highest level in 2 months
Gold prices marked 3 consecutive sessions of price increases and the highest closing price since the end of October 2019.
Gold bulls say gold has benefited from recent trading as optimism about a trade deal with China is finalizing and concerns about the recent impeachment of US House of Representatives over US President Donald Trump.
In addition, gold demand could be supported in the coming weeks as traditional gold buyers increase their gold purchases as gifts for holidays like the Lunar New Year.
The world spot gold price is currently at 1511 - 1512 USD/ounce. Meanwhile, February gold futures increased by 9.4 USD to 0
Domestic gold prices are currently listed at 41.90 million VND/tael (buy) and 42.10 million VND/tael (sell).
See more here
The highest Tet bonus in Ho Chi Minh City is 3.5 billion VND, Dong Nai 400 million VND
Mr. Le Minh Tan, Director of the Department of Labor, War Invalids and Social Affairs of Ho Chi Minh City, said that this year, the Tet bonus for foreign-invested enterprises (FDI) has increased sharply.
Accordingly, the highest Lunar New Year bonus of 3.5 billion VND belongs to an FDI enterprise in the financial - banking - insurance sector. The average bonus for this year's Lunar New Year in the city is 10 million VND, a slight increase compared to 2019, and the lowest is 4.4 million VND.
In Dong Nai, the highest Tet bonus in 2020 is nearly 400 million VND. This bonus belongs to a production director at an FDI enterprise.
The highest bonus this year is lower than last year (550 million VND).
