Business

SJC gold price fell 0.07% to VND66.85 million ($2,819.78) per tael Monday morning. Gold ring price dropped 0.09% to VND54.3 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally spot gold was down 0.1% at $1,853.19 per ounce, after climbing to its highest since Feb. 15 on …

The U.S. dollar steadied against the dong Monday morning. Eximbank sold the greenback at VND23,870, unchanged from Sunday. Techcombank maintained its rate at VND23,905. Vietcombank increased the dollar by 0.04% to VND23,900. The State Bank of Vietnam kept its reference rate stable at VND23,636. Unofficial exchange points sold the dollar …

Photos of a foreign man begging on the streets of the tourist city of Da Nang have gone viral on social media over the past few days, prompting city authorities to investigate. The man has been seen standing on downtown streets in the Thanh Khe District holding a sign in …

Vietjet is set to launch new international services and offer millions of tickets priced from VND8,300 (US$0.35) across its network to mark International Women’s Day, March 8. The “No boundary, let’s fly for love” promotion to run from March 3 to 9 will apply across its entire flight network spanning …

A new decree on corporate bonds allows issuers to extend payments by a maximum two years if holders agree. If not, issuers need to negotiate to ensure their rights are fulfilled or go back to the original payment plan. The decree, effective Sunday, drops a previous term which blocked issuers …

Vietnamese airlines are seeking government support to speed up post-pandemic recovery, including scrapping a ticket price ceiling and relaxing visa policies. The outlook for the aviation industry seemed bright in a forecast by the Civil Aviation Authority of Vietnam (CAAV) last month when it said that a full recovery of …

Ten banks have reduced deposit interest rates by 0.3-1 percentage points over the last two week. The highest rate any Vietnamese bank is now paying out as interest on deposits is 9.5% a year. PGBank slashed the rate by 1 percentage point. Early last month, some 20 banks offered depositors …

Vietnam’s shrimp exports face challenges with prices decreasing and competition from Ecuador and India intensifying, according to the Vietnam Association of Seafood Exporters. Global prices have been decreasing since the second half of last year and are expected to fall further this year as supply rises sharply to six million …

Sea shipping costs have plunged by over 80% from the previous peak as consumption has dropped amid inflation concerns. Tran Lam Son, CEO of wood and furniture exporter Thien Minh, said that shipping a container to Europe now costs around $1,700, down nearly 92% from the peak of $20,000 a …

Samsung Vietnam’s four factories recorded a revenue of nearly $71 billion last year, accounting for 30% of the South Korean’s electronic giants. The four factories posted a profit of $4.6 billion, according to the giant’s earnings report. Of the four, Samsung Thai Nguyen was the leading revenue maker by earning …