Business

Vietnam saw the lowest amount of initial public offering (IPO) funds mobilized in all Southeast Asia last year, according to a Deloitte report. Thailand raised $3.6 billion in IPO funds while the figure in Vietnam was a mere US$71 million. Vietnam witnessed 8 successful IPOs last year, down from 13 …

Vietnam’s benchmark VN-Index rose 0.34% to 1,024.68 points Tuesday, a marginal gain after five losing sessions. The index closed 3.43 points higher after losing 18.31 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 30.54% to VND6.48 trillion ($272.50 million). The VN-30 basket, comprising the …

Macorner’s gift makers have been hard at work personalizing holiday gifts since Christmas Eve, and they’ll be getting busier as Mother’s Day, Father’s Day and other major holidays approach. Liam Nelson, CEO of Macorner, a U.S.-based gift company, explained the market’s potential: “Personalized gifts are great for any occasion. Whether …

Vietnamese banking brands are riding high with a growth of 31.3% in brand value in 2023, according to Brand Finance Banking 500 Report. Almost all the 12 Vietnamese banks featured in the report have climbed in their global rankings. Agribank’s brand value grew by just 1.7% to hit $1.4 billion. …

Vietnamese electric vehicle maker VinFast announced on February 27 that it will start delivery of VF 8 City Edition vehicles to U.S. customers beginning March 1 (or March 2 in Vietnam). The delivery event will be held at the VinFast store in California, marking its new journey in the international …

The U.S. dollar retreated against the Vietnamese dong Tuesday morning at most banks but remained steady on the black market. Vietcombank sold the dollar at VND23,980 Tuesday, down 0.04% from Monday. Eximbank let the rate slide 0.08% to VND23,940. Techcombank sold the greenback 0.13% at VND23,965. The State Bank of …

English language teaching center Apax Leaders is seeking loans from shareholders to remain afloat, saying it might have to close down its branches since it cannot cover their expenses. Nguyen Ngoc Thuy, chairman of Apax Holdings, the parent company of Apax Leaders, said at an online meeting Sunday with shareholders …

Many office building leasing firms in Ho Chi Minh City (HCMC) say they received fewer customers in the first two months of this year compared to the same period last year. The firms reported weaker renting demand in the 1, 3 and Tan Binh districts due to economic difficulties. Nguyen …

The Vietnam Beer, Alcohol & Beverage Association has called for delaying a proposed tax increase on liquor saying the industry has yet to recover from the effects of Covid. The association president, Nguyen Van Viet, called for putting off the tax hike until at least 2025, saying the alcohol industry …

Providers of cross-border over-the-top (OTT) television services such as Netflix and iQiYi will be blocked and sanctioned if they do not establish legal entities in Vietnam, said an official. “If a cross-border OTT television service provider does not have a legal entity in Vietnam, the Ministry of Information and Communications …