Foreign banks oppose Van Thinh Phat chairwoman’s proposal to sell Capital Place building in Hanoi

Foreign banks oppose Van Thinh Phat chairwoman’s proposal to sell Capital Place building in Hanoi

HSBC and OCBC Bank Singapore have opposed a proposal by Truong My Lan, chairwoman of real estate developer Van Thinh Phat, to sell the Capital Place building in Hanoi to remedy the consequences she had caused in a scam.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deposit interest rates at foreign banks lower than Vietnamese peers

Deposit interest rates at foreign banks lower than Vietnamese peers

Deposit interest rates at many foreign banks and branches in Vietnam are below 9.5%, the level that Vietnamese banks have adopted only recently after the State Bank of Vietnam's warning over lending rate hikes.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

FPT Retail debt hits record high

FPT Retail debt hits record high

FPT Retail’s profit rose nearly 20 times year-on-year in 2021, but its liabilities were 5.4 times more than equity, mainly short-term debt.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

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