Business

The U.S. dollar rose against the Vietnamese dong Friday morning to the highest since Nov. 4, having surged non-stop in five days. Vietcombank sold the dollar at VND24,690, up 0.22% from Thursday. The State Bank of Vietnam kept its reference rate unchanged at VND23,976. The dollar was stable at VND24,850 …

A customer during a policy consultation. — Photo courtesy of Baoviet Life Corp HÀ NỘI — Việt Nam’s domestic insurance market managed to pull through a difficult time in 2023 but it will take time for the market to rebuild trust among consumers, according to policymakers and industry insiders. Experts …

An employee performs a transaction at NCB’s office. — VNA/VNS Photo HÀ NỘI — It is anticipated that there will be significant changes in the scale of the banking sector’s charter capital this year as several joint-stock commercial banks have announced their plans to raise capital. In a recently issued …

A plant at Tân Phú Trung Industrial Park in Củ Chi District, HCM City. — VNA/VNS Photo Hồng Đạt HCM CITY — The management board of the Hồ Chi Minh City Export Processing and Industrial Zones Authority (Hepza) has set a target to attract US$550 million in investment capital this …

Global minimum tax is not a big concern as multinational corporations not only consider tax incentives but also other factors and support policies when investing in Vietnam, experts assess. Many firms are worried that the global minimum tax, effective since the beginning of this year, might drive away foreign direct …

CUB announced the enlargement of its consumer finance segmentation, identifying Vietnam as its second home due to the country’s growing significance in the worldwide supply chain. Benny Miao, Executive Vice President (Head of Southeast Asia Region) of Cathay United Bank (CUB), unveiled the strategic business repositioning at the Jan. 4 …

Family members of Samsung Electronics chairman Jay Y. Lee have sold 2.8 trillion won (US$2.12 billion) worth of shares in the company and its affiliates to pay inheritance taxes. The sale of about 29.8 million shares, or a 0.5% stake in Samsung Electronics, was at a discount of 1.2% to …

Despite challenges, the recycling industry hopes to grow this year with the implementation of the extended producer responsibility. — VNA/VNS Photo Huỳnh Thế Anh HCM CITY — Extended producer responsibility (EPR), to be implemented this year and expected to foster the recycling industry, remains a huge effort for Vietnamese businesses, …

Inside a trading room of MXV. — Photo mxv.com.vn HÀ NỘI — Aside from increasing transaction volume, the Vietnam Commodity Exchange (MXV) is currently studying and developing specialist commodity trading systems that will highlight Việt Nam’s strengths in the coming years. This plan is a key priority for MXV during …

A fishing trawler built by the Ha Long Shipbuilding Company, a subsidiary of SBIC, in 2018. — Photo SBIC HÀ NỘI — A process has begun to allow the Vietnam Shipbuilding Industry Corporation (SBIC) to declare bankruptcy, according to Deputy Minister of Transport Nguyễn Xuân Sang. The Ministry of Transport …