Monday , December 23 2024

Business

Business

Market corrects deeply on rising selling force

A Vietcombank employee talks to a client at its transaction office. The lender’s shares slumped nearly 2.8 per cent on Wednesday, leading the market’s downtrend. — Photo courtesy of the bank HÀ NỘI — Shares inched lower on Wednesday as pillar stocks faced a strong sell-off, while foreign investors continued …

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Vingroup revenue jumps 59% in 2023

Vingroup’s revenue surged by 59% in 2023 to reach VND161 trillion ($6.59 billion), driven by property and electric car sales. The conglomerate reported a pre-tax profit of VND13.68 trillion, a 7.2% rise, it said in a financial report. The revenue from property sales nearly doubled to VND94.3 trillion, forming about …

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USD/VNĐ exchange rate surges in first month of 2024

A bank teller counts dollar currency at a transaction office in Hà Nội. The State Bank of Vietnam (SBV)’s central rate of the Vietnamese đồng against the US dollar was adjusted up 0.7 per cent in January 2024 to VNĐ24,036 per dollar. Photo stockbiz.vn HÀ NỘI — The USD/VNĐ exchange …

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Stocks slip to two-week low

Stocks slip to two-week low

Vietnam’s benchmark VN-Index fell 1.30% to 1,164.31 points Wednesday, lowest since Jan. 17. The index closed 15.34 points lower after gaining 3.96 points in the previous session. Trading on the Ho Chi Minh Stock Exchange increased by 70% to VND23.31 trillion ($954.15 million). The VN-30 basket, comprising the 30 largest …

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