Bond issuance was expected to be an effective channel for property developers to raise capital. (Photo: kinhtedothi.vn)

Property developers diversify capital sources

Property developers are looking to other channels to raise capitals, such as bond issuance, as credit policies for property development are gradually being tightened.
A clean water station in Binh Chanh District (Photo: SGGP)

Gov’t raises credit loan for clean water construction

The Prime Minister decided to raise the loan for construction of clean water facility and rural environment hygiene facility to VND10 million ($428.6) instead VND6 million each household.

Remittance to HCMC reaches $1.12bln in first three months

Remittance to HCMC reaches $1.12bln in first three months

Remittance sent through credit institutions to Ho Chi Minh City in first three months reached $1.12 billion, a year-on-year increase of 4.5 percent, the State Bank of Vietnam’s branch in HCMC said.

Credit card holders will not be allowed to withdraw cash at card readers of domestic points of sale (POS) from March this year, says the State Bank of Vietnam (SBV) (Photo: tuoitre.vn)

No cash withdrawal at domestic POS from March

Credit card holders will not be allowed to withdraw cash at card readers of domestic points of sale (POS) from March this year, said the State Bank of Vietnam (SBV).