Money

Banks lure deposits before rate cut

HCMC – Several banks rushed to encourage their clients to deposit money on Monday to enjoy the interest rate of 14% per year, before the lower deposit rate of 13% becomes applicable on Tuesday.

Japan megabanks rise in credit standings: report

The European debt crisis has helped Japanese banks rise in international credit standings as they remain relatively stable compared with their US and European peers

$7.64 bln liquidity support for Tet won’t boost inflation: Cbank

The money supplied by the central bank for liquidity support before the Tet holiday will not cause any impact on inflation, said a central bank’s official

Black market sells ‘lucky money'

With the lunar new year approaching, the scramble for low-denomination currency notes has begun.

Demand for small change rises ahead of Tet

With the Lunar New Year approaching, the scramble for low-denomination currency notes has begun

50 years of savings needed to buy a home in Vietnam

HCMC – Housing for low-income people has become a buzzword in recent years but to buy a so-called low-cost home, average-income Vietnamese people must have to save money for more than 50 consecutive years.

Dollar prices down as demand slumps ahead Tet

Selling prices of the greenback have cooled down for the last week thanks to increased supply against falling demand

Buying apartments requires 50 years saving: CBRE

An average-income earner has to save money for more than 50 years to afford an average-class apartment, according to CB Richard Ellis

3 men arrested for extorting bus passengers

The police in Binh Duong Province yesterday arrested 3 members of a gang that threatened bus passengers to exhort money on National Highway 1A

Stock market hits bottom in 2011

The Vietnamese stock market last year seemed to wipe out what it had gained in its 11-year history

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From Health

ASEAN task pressure talks about mental health

The very first meeting from the ASEAN task pressure on mental health has been heldin Hanoi from May 23-25, with associates from regional and globalorganisations participating. Addressing the openingceremony, Deputy Minister of Public Health, Nguyen Thi Xuyen stated theevent offers nations an opportunity to share good practices in protectingmental health, adding to strengthening cooperation within the regionand fulfilling the aim of “Healthy people, healthy ASEAN”. Xuyen known as on nations to

Desperate people get free facial, eye surgery

Forty-two kids with harelips and cleft palates within the two CentralHighlands provinces of Dak Nong and Dak Lak have obtained free check-upsand procedures. The programme for poor children inremote and ethnic minority areas, worth about 500 million VND, wascarried out and based on the Center for Research and Aid forOperation Smile (OSCA) at Dak Nong province’s general hospital from May19-21. OSCA Director Bui Tu Anh stated this isthe very first time the center provides free check-ups and surgical