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Banks have hiked deposit interest rates by 0.1-0.5 percentage points as the country’s spending demand surges prior to Tet. Private lender Asia Commercial Bank last Friday introduced a new interest schedule with an increase of 0.2-0.3 percentage points in…
The surge in demand for cars before the Lunar New Year means customers have to wait or pay extra to get immediate delivery. With only weeks to go for the Lunar New Year Festival (Tet), which falls on February 5 this year, consumers are rushing to order…
With Vietnamese banks reporting substantial profits last year many of their employees are expecting higher Lunar New Year bonuses. The banking sector’s overall profit before tax increased by 40 percent year-on-year, according to the National Financial…
Average New Year bonus given by HCMC firms to an employee is VND3.4 million ($146), 30 percent higher than in 2018. For the 2019 Roman Calendar New Year, bonuses have been significantly higher than in 2018, Le Minh Tan, director of the HCMC Department of…
Treble fares and heavy traffic add up to the Tet holiday stress in Vietnam. The week before Vietnamese people ring in the Year of the Rooster has been the busiest time of the year for ride-sharing services. Due to the rising demand, GrabBike, a mobile hailing…
The three telecommunication groups under direct management of the Information and Communications Ministry (MIC) will have to develop their equitisation plans in 2017, according to the Minister of Information and Communications, Trương Minh Tuấn. The three…
Lan Anh, an accountant living in District 3, HCM City, is over-worked as the Lunar Year draws to a close. She has plenty of reports to finish and very little time to spare for shopping, even for the most traditional, must-have food items for Tết (Lunar New…
Internet connectivity in Việt Nam will remain slow for the next two weeks. The Asia-America Gateway (AAG) submarine cable broke once again on Sunday, causing bandwidth loss from Việt Nam to Hong Kong, Singapore and the US. The line that snapped on Sunday was…
Vietnam’s aviation watchdog has approved several proposals from local airlines to increase flight frequency to meet spiking demands during the upcoming Tet holiday, though only half the requested additions were approved. Tet, the Vietnamese Lunar New Year…
Top brewer Habeco expects sales of nearly 147 million liters of beer during the biggest holiday, up 6.1 percent year on year. Vietnam’s brewers are gearing up for a massive drink-up this Lunar New Year holidays, or Tet. Hanoi-based top brewer Habeco plans to…
Special flights will be introduced from January 16 to February 12, the Civil Aviation Authority of Viet Nam (CAAV) said. Vietjet has been allowed to increase its number of flights by 8.9 per cent, so it will operate 560 flights, or 100,800 seats. National…
