Business

SINGAPORE – Media OutReach Newswire – 3 January 2024 – YouTrip, Singapore’s favourite multi-currency e-wallet, today announced the increased stock and flow cap limits on its digital wallet and new security enhancements to empower users with greater convenience, flexibility and security as they make cross-border transactions. Starting today, YouTrip users …

Property developer Novaland plans to issue 1.37 billion shares to raise a minimum of VND13.7 trillion (US$563 million) to pay off and restructure debts. It will issue 200 million new shares with a one-year lockup period to up to five professional stock investors and 1.17 billion bonus shares to existing …

Vietnam’s distributors of luxury brands such as Louis Vuitton, Chanel, Dior and Hermes posted VND3.8 trillion ($156.57 million) in 2022 profits, up 270% year-on-year, according to latest data from a market research company. The combined revenues of 12 companies that distribute 34 luxury brands surged 67% to VND25 trillion, Vietdata …

Da Nang International Airport in the central city of Da Nang has become the first and the only terminal in Vietnam to be certified as a 5-star airport by international airport rating agency Skytrax. It came nine months after the airport received a 4-star rating from Skytrax thanks to its …

The U.S. dollar rose against the Vietnamese dong on Wednesday to the highest since Nov. 14. Vietcombank sold the dollar at VND24,520, up 0.10% from Tuesday. The State Bank of Vietnam raised its reference rate by 0.16% to VND23,886. The dollar went up 0.40% to VND24,800 on the black market. …

The State Bank of Vietnam has set banks a credit growth target of 15% this year, up one percentage point from last year’s target. In the event, credit growth in 2023 was only 11% as of Dec. 21. The central bank has also given each bank a fixed growth target …

Customers shop at a supermaket in HCM City. — Photo Saigon Co.op HÀ NỘI — In the current difficult economic situation, many businesses say demand may be lower than usual this Tết (Lunar New Year) season. To increase sales, businesses must find ways to diversify sales methods, product types, and …

A worker at Maxport Thái Bình, a textile company in the northern province of Thái Bình. — VNA/VNS Photo Trần Việt HÀ NỘI — Enhancing the quality of the workforce, promoting regional linkages, and developing science, technology, innovation and digital transformation are keys to Việt Nam’s focus on improving labour …

Foreign investors pulled VND24.8 trillion (US$1 billion) out of the Ho Chi Minh Stock Exchange in 2023 and shifted it mostly to developed markets, according to analysts. They bought VND314.9 trillion and sold VND339.7 trillion worth of stocks, bonds, fund certificates, ETFs, and covered warrants, according to statistics from the …

Foreign investors pulled VND24.8 trillion (US$1 billion) out of the Ho Chi Minh Stock Exchange in 2023 and shifted it mostly to developed markets, according to analysts. They bought VND314.9 trillion and sold VND339.7 trillion worth of stocks, bonds, fund certificates, ETFs, and covered warrants, according to statistics from the …