Business

Women are strongly represented in Vietnam’s banking sector, but are absent from many senior leadership positions, according to a new study. Women make up 68% of employees at the 18 banks surveyed, but are overrepresented at the entry level, where they account for 60% of the workforce. They are also …

Two associations have proposed that auto registration fees be cut by half for cars manufactured and assembled locally to boost sales. The Vietnam Automobile Manufacturers Association (VAMA) and the Vietnam Association of Mechanical Industry (VAMI) also jointly proposed to the government that the special consumption tax on cars be delayed …

Policymakers are continuing to debate whether it’s necessary to put an ownership duration on apartments, a policy proposed by the Ministry of Construction but opposed by the public. As the construction ministry continues to work on a draft bill to modify the Housing Law, most government officials have approved placing …

Authorities in the southern province of Ba Ria-Vung Tau have approved a VND256-billion ($10 million) renovation of a historical prison on Con Dao Archipelago, once dubbed “Hell on Earth.” The work will include upgrades to Ma Thien Lanh Bridge, which was built by hundreds of prisoners during the French colonial …

SJC gold price slipped 0.37% to VND66.45 million ($2,801.43) per tael Wednesday morning, lowest in 5 months. Gold ring price also dropped 0.46% to VND53.95 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices slipped to a one-week low on Wednesday after U.S. Federal Reserve …

Vietnam’s benchmark VN-Index rose 1.09% to 1049.18 points Wednesday. The index closed 11.34 points higher after gaining 10.66 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 3.48% to VND8.54 trillion ($360.07 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers …

Two Vietnamese will go on trial in Ho Chi Minh City (HCMC) for helping a group of foreigners defraud a U.S. company of $94,700. Nguyen Thi Lan Anh, 50, and Nguyen Khac Chuong, 45, will be tried on March 16 at the HCMC People’s Court for illegally obtaining the assets …

The U.S. dollar rose against the Vietnamese dong at most banks on Wednesday morning. Vietcombank sold the dollar at VND23,880 Wednesday, up 0.21% from Tuesday. Eximbank set the rate 0.46% higher at VND23,910. The rate at Techcombank was at VND23,900, up 0.31%. The State Bank of Vietnam kept its reference …

Many Ho Chi Minh City restaurants have bought giant fish weighing up to 100 kilograms to attract customers on International Women’s Day, March 8. A sushi restaurant chain said it has been delivered a 100-kilogram yellowfin tuna from Phu Yen Province just in time for the occasion. It is the …

Hanoi has been ranked 97th in a global listing of the 100 best tourist cities in the world, according to leading tourism advisory firm Resonance Consultancy. Vietnam’s capital was chosen based on its high safety level and busy nightlife. To compile the ranking, the Canada-based company assessed the world’s tourist …