Business

CJ Olivenetworks Vina, a subsidiary of CJ Group Vietnam, has launched a rooftop solar business to provide green energy solutions to all CJ Group’s factories and its Korean customers. The rooftop solar business is part of CJ Group’s commitment to sustainability, which brings direct economic benefits by helping factories save …

Vietnam’s benchmark VN-Index dropped 0.22% to 1045.14 points Friday, dragged down by selling pressure in the last minutes of trade. The index closed 2.26 points lower after losing 14.79 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 9.44% to VND10.29 trillion ($436.20 million). The …

Property developer Novaland has appointed Dennis Ng Teck Yow as its first foreign CEO as part of a major restructuring after key leaders resigned. The Malaysian national will take over from Nguyen Ngoc Huyen, who resigned the same day, for the 2023-2028 term, the company said in a statement Friday. …

Rising bad debt from “disappearing” borrowers and the shutting down of unauthorized debt collecting agencies are damaging the reputation of legal financial companies and threatening to hurt their performance. FE Credit, Vietnam’s top consumer lending firm, is struggling to collect debts as many borrowers are deliberately defaulting on their loans, …

Da Nang airport has been ranked the third most improved in the 2023 Skytrax World Airport Awards. It was the only Vietnamese representative in the list of 10 most improved airports globally put out by the British airline and airport review and ranking site after surveying travelers from across the …

SpaceX, Netflix and Boeing are among the companies joining the “biggest-ever” U.S. business mission to Vietnam next week to discuss investment and sales opportunities in the booming Southeast Asian nation, the organizer said. More than 50 companies, including defense, pharmaceutical and tech firms, will participate in the mission organized by …

Bamboo Airways has found a buyer who is also willing to help disgraced former chairman Trinh Van Quyet deal with the financial consequences of his alledged crime. A spokesperson told VnExpress Thursday that the identity of the investor would be revealed later. The buyer has agreed to take over the …

The U.S. dollar plunged against the Vietnamese dong Friday morning on unofficial exchange points but remained stable at banks. The greenback was sold at VND23,620 on the black market, down 0.42% from Thursday. Vietcombank maintained the dollar at VND23,750. Eximbank kept the greenback unchanged at VND23,740. Techcombank hiked the rate …

SJC gold price gained 0.3% to VND67.2 million ($2,848.66) per tael Friday morning, highest since Feb. 15. Gold ring price went up 0.27% to VND55.2 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices were poised for their biggest weekly gain since mid-November as the …

Japanese trading company Sumitomo Corp and Vietnamese real estate developer BRG Group hope to start work on a US$4.2-billion smart city in Hanoi this year. Sumitomo chairman and CEO Shiomi Keigo said during a meeting with Hanoi chairman Tran Sy Thanh and Japan’s ambassador to Vietnam, Yamada Takio, on Wednesday …