Monday , December 23 2024

Business

Business

Stocks inch up

Stocks inch up

Vietnam’s benchmark VN-Index rose 0.34% to 1,179.65 points Tuesday. The index closed 3.96 points higher after gaining 0.02 points in the previous session. Trading on the Ho Chi Minh Stock Exchange decreased by 4% to VND13.74 trillion ($563 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 14 …

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Anti-drunk driving campaign slashes brewers’ profits

Anti-drunk driving campaign slashes brewers’ profits

Vietnamese brewers saw their profits dropping double-digit last year as authorities tightened control on drunk driving. Hanoi Beer brewer Habeco saw post-tax profit plunging 30% last year to VND355 billion (US$14.5 million), the lowest non-pandemic year since 2008. Its revenue dropped 8% to VND7.76 trillion as authorities tightened control on …

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Vinasun’s profit plunges 18%

Vinasun's profit plunges 18%

Major taxi firm Vinasun posted VND151 billion (US$6.17 million) in after-tax profit in 2023, down 18% from the previous year. According to its consolidated financial report for the last quarter, Vinasun earned VND277 billion in revenue and VND25 billion in after-tax profit, down 14.6% and 54.6% year-on-year, respectively. Over the …

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Gold shoots up to two-week high

Gold shoots up to two-week high

Saigon Jewelry Company gold bar price rose 0.52% to VND77.15 million ($3,153.48) per tael Tuesday, highest since Jan. 13. Gold ring price went up 1.46% to VND64.05 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally spot gold was up 0.01% to $2,032.73 per ounce Tuesday morning, …

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