Real estate stocks revive but not yet stable
Policies to remove difficulties for the real estate market have brought back confidence to investors in this industry's stock group.
Real estate stocks have recovered a lot compared to early 2023, although there was a correction after the recent sharp decline. Observing the supply and demand of the market recently, experts have analyzed the real estate market rescue policies that have built trust and created expectations for investors.
The bottom-fishing force appeared after August 22, 2023 at the 1,150 point area of the VN-Index. When anxiety increased, all stocks were sold off and raced to the floor, however, the bottom-fishing force absorbed all of it. This helped the market recover spectacularly. See more...
Highest 6-month interest rate is 6.6%, deposit 500 million and "pocket" 16.7 million in interest
The 6-month term interest rate is fluctuating from 4.5 - 6.6%, in which, the group of 3 banks with the highest interest rates include: NCB, PVcombank, SCB...
According to Lao Dong Newspaper (September 21, 2023), at 20 banks, 6-month savings interest rates range from 4.5 - 6.6%.
In particular, NCB's highest interest rate for a 6-month term is 6.6% when customers deposit savings online. In the case of depositing savings at the counter, NCB's highest interest rate is 6.3%.
Currently, NCB's interest rate table ranges from 4.75 - 6.7%, including 2 high interest rate terms of 12 months and 13 months.
Next is PVcombank with the highest online savings interest rate of up to 6.4% for a 6-month term. In addition, in this form of savings, PVcombank also has higher interest rates such as: 18 months, 24 months and 36 months. See more...
TikTok Shop tightens policies, online food sellers "cry"
TikTok Shops around the world are cracking down on accounts selling homemade food to clean up the e-commerce platform.
Specifically, the TikTok Shop platform prohibits "all homemade food products, including freeze-dried candy, chamois gum, crystal candy, or home-baked foods." Products that violate the policy will be removed.
A TikTok spokesperson said the company is not changing its policy, but instead adding more specific language prohibiting the sale of homemade food products.
The policy had an immediate impact on small business owners who have relied on TikTok Shop as a tool to promote sales of homemade food.
“A lot of small sellers who used to have hundreds of sales a day are now down to zero overnight,” said Chrystian Linares, an online seller on TikTok Shop. See more...
What caused EVN to lose nearly 29,000 billion VND in the first 8 months of 2023?
Thanks to the electricity price increase in early May, EVN is expected to reduce its losses in the first 8 months of 2023 to more than VND28,700 billion, a significant decrease compared to the loss of more than VND35,400 billion in the first half of the year. A representative of this enterprise affirmed that the reason for EVN's losses is because input fuel prices are still high in the first months of 2023...
Talking to Lao Dong Newspaper about the financial situation of Vietnam Electricity Group (EVN), a representative of this group said that according to financial report data, in the first 8 months of 2023, EVN is expected to lose more than 28,700 billion VND.
A report by the State Capital Management Committee at Enterprises also confirmed that EVN's loss in the first 6 months of 2023 was more than 35,400 billion VND, and in the first 8 months of 2023, EVN's loss is expected to be more than 28,700 billion VND. Thus, together with the loss of 26,500 billion VND in 2022, up to now, the parent company EVN has a total loss of about 55,000 billion VND.
The increase in electricity price from 4.5 to 1,920.3732 VND/kWh helps EVN earn an additional 8,000 billion VND. However, EVN representative affirmed that compared to the huge financial difficulties in 2022 and 2023 due to high input fuel prices for electricity production, this increase in revenue only partially offsets EVN's financial difficulties in 2023. See more...
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