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Net interest income (NII) for the first half grew to VND8.1 trillion, up 23 per cent from the same period last year. Net Fee and Commission Income (NFI) was VND2 trillion, posting 57 per cent year-on-year increase. NFI was 16.8 per cent of TOI as compared to 13.8 per cent in the first half of 2019, with a strong contribution from bond underwriting activity during the period. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 3

Nam Khuat, owner of Kin Dee - Thai Gastropub in District 1, HCM City told local media: “If the social distancing resumes, we will renegotiate the rent, reduce the number of full-time staff and reduce the number of part-time employees and move to a delivery model with menus to fit new needs and ensure quality takeaway." … [Read more...] about F&B businesses prepare for possible second round of social distancing

In order to successfully issue international bonds, the state-owned enterprises like EVN need to offer interest rates with the minimum gap of 100 basis points (compared with the domestic market) to call for capital by issuing 5-year bonds in the international market. … [Read more...] about VN businesses seek low-cost capital to develop infrastructure

Phnom Penh (VNA) – The Cambodian government has decided to extend tax breaks for another two months for tourism-dependent businesses to overcome difficulties during the COVID-19 crisis, the Ministry of Tourism said on August 3. The exemption, which takes effect in August and September, is granted to hotels, guesthouses, restaurants and tour companies in capital Phnom Penh and in Siem Reap, Sihanouk, Kep and Kampot provinces, as well as in Bavet and Poipet cities, according to the ministry. It added that the government will continue transferring 40 USD per month for staff and workers in the tourism sector for another two months. Tourism Minister Thong Khon said over 3,000 tourism-related businesses in Cambodia have been closed due to COVID-19, leaving more than 50,000 workers unemployed. Last weekend, the government announced that it will continue supporting unemployed workers in the garment-textile sector for another two months. Each will receive 40 USD per month from … [Read more...] about Cambodia extends tax breaks for tourism-dependent businesses

Another loan worth 250 million USD in partnership with the World Bank is intended for a separate programme to strengthen the public healthcare response to the crisis, including testing, prevention and treatment of the virus, and to boost hospital readiness. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia June 24