Business

A fundamental issue in Việt Nam which needs to be overcome to ensure healthy and sustainable growth is the underdevelopment of the institutional investor base. The Vietnamese economy is forecast to grow 6.1 per cent in 2024 and 6.5 per cent in both 2025 and 2026, up from 5 per …

The potential for India and Việt Nam to collaborate in textiles, food, pharmaceuticals, and various other sectors is immense, a seminar heard in HCM City on August 26. Executives from Indian and Vietnamese firms exchange information at the Business and Investment Seminar organised by the Indian consulate in HCM City …

The number of scams in Singapore increased by 16.3% year-on-year to a record-high 26,587 in the first half of 2024, leading to over S$385.6 million (US$295 million) in losses. Compared to the same period last year, Singaporeans lost 24.6% more to scams in the first half, The Straits Times reported, …

Vietnam’s benchmark VN-Index fell 0.41% to 1,280.02 points Monday while European shares were little changed. The index closed 5.30 points lower after gaining 2.54 points in the previous session. Trading on the Ho Chi Minh Stock Exchange increased by 9% to VND18.301 trillion (US$736 million). The VN-30 basket, comprising the …

Saigon Jewelry Company gold ring price rose 0.13% to VND78.5 million (US$3,153.88) per tael Monday morning as global bullion prices were stable. Gold bar price was unchanged at VND81 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally, gold prices held ground on Monday, buoyed by a …

Gymnast Carlos Yulo’s total rewards from his dual gold medal wins at the Paris Olympics have now surpassed 113 million pesos (US$2 million). Filipino gymnast Carlos Yulo. Photo from International Gymnastics Federation’s Instagram The Manila Times reported that the latest contribution to Carlos’ incentives, amounting to 3 million pesos, was …

The U.S. dollar fell against the Vietnamese dong Monday morning while staying near a 13-month low against the euro. Vietcombank sold the dollar at VND25,070, down 0.32% from the weekend. The greenback was stable at VND25,300 at unofficial exchange points. The State Bank of Vietnam raised its reference rate by …

A Vietnamese coffee cup sold at a local store costs only VND15,000 ($0.60), but why are customers willing to shell out four or five times more for the same drink at foreign brand outlets? This is perplexing to me because Vietnamese coffee, renowned globally for its quality, struggles to find …

Norway’s state-controlled energy giant Equinor has canceled plans to invest in Vietnam’s offshore wind sector, a company spokesperson told Reuters. “We have decided to discontinue our business development in Vietnam and to close our office in Hanoi,” Magnus Frantzen Eidsvold, an Equinor spokesperson, said in an interview. It is the …

Australian employees can now ignore those and other intrusions into home life thanks to a new “right to disconnect” law designed to curb the creep of work emails and calls into personal lives. The new rule, which came into force on Monday, means employees, in most cases, cannot be punished …