Refinance 15 year fixed mortgage rates

Bangkok (VNA) - Thailand’s Kasikornbank (KBank) and Siam Commercial Bank (SCB) cut their prime lending rates by 40 basis points on April 9 after the Bank of Thailand (BoT) lowered the required contribution by banks to the Financial Institutions Development Fund (FIDF). The banks' new prime lending rates will take effect on April 10. KBank's minimum lending rate (MLR) will be reduced to 5.60 percent from 6 percent, the minimum overdraft rate (MOR) to 6.22 percent from 6.62 percent and the minimum retail rate (MRR) to 6.10 percent from 6.50 percent, KBank Co-President Predee Daochai said in a release. The bank's deposits rates will remain unchanged, he said. At the same time, SCB's new MLR will be reduced to 5.375 percent from 5.775 percent, MOR to 6.095 percent from 6.495 percent and MRR to 6.345 percent from 6.745 percent, said Chief Executive Arthid Nanthawitthaya. The latest rate reduction is aiming at alleviating the financial burden of the bank's retail and corporate … [Read more...] about Thai commercial banks cut lending rate to support firms

With the strength of the pioneer in digital transformation as well as positive results last year, the corporation affirmed that digital transformation would continue to create the corporation’s breakthroughs in terms of position, capacity and growth scale and improve its value of global competition. … [Read more...] about FPT to pay cash dividend for 2020 at rate of 20%

“At the beginning, I just wanted to help parents sell oranges. But the more I helped my parents, the harder I tried to solve the issues, then the deeper I ventured into the field,” Na told VIR. “When I saw farmers overuse chemicals in farming, I was really afraid that Vinh’s specialty would one day disappear. Chemicals not only make the fruit unsafe but the trees get weak, the soil degrades, and the orange quality declines. I started to learn about orange trees, and then I came to love and be passionate about it.” … [Read more...] about Vietnamese women are creating new values

HCM City (VNA) – Real estate business and housing construction in Ho Chi Minh City have been hit hard by the COVID-19 pandemic, with significant decreases recorded in supply and demand, according to market watchers. By the end of the first quarter, rent for the ground floor and first floor property in the downtown area of the city had fallen by 11 percent compared with the fourth quarter of 2019, while rent in the suburbs was down 15.9 percent. For the office market, the average rent of Grade-A offices in Q1 was 44.6 USD per sq.m per month, down 1.2 percent against the previous quarter and 3.6 percent year-on-year. Senior Director and Head of Valuation and Market Research Services at CBRE Vietnam Duong Thuy Dung said that after the COVID-19 pandemic, the office market could reshape, with tenants starting to pay more attention to the health of employees by choosing high-quality buildings instead of just saving money as before. So buildings which are environmentally friendly … [Read more...] about Real estate supply, demand in HCM City decrease amid COVID-19 outbreak

The tourism and export sectors are particularly vulnerable to weaker activity. Tourism accounts for about 10 per cent of GDP directly, but its contribution to overall GDP is considerably higher through indirect spillovers. Tourist arrivals for March fell by about 68 per cent year-on-year. Fitch’s baseline assumes the outbreak is contained by the second-half of this year and the global tourism industry starts to recover at a gradual pace. … [Read more...] about Fitch revises outlook on Viet Nam to Stable; affirms at ‘BB’