Business

The U.S. dollar rose little against the Vietnamese dong Thursday morning. Vietcombank sold the dollar at VND24,440, up 0.02% from Wednesday. The State Bank of Vietnam (SBV)’s reference rate was steady at VND23,959. The greenback rose 0.08% to VND24,700 on the black market. It has increased against the dong by …

SJC gold price rose 0.13% to VND74.3 million ($3,060.45) per tael Thursday morning. Gold ring price went up 0.08% to VND62 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally, gold price managed to hold above the $2,000 psychological support level during the early Asian session on …

Social housing developer Hoang Quan Group plans to borrow VND15 trillion ($618 million) to build at least 50 projects and renovate 10 others by 2030. The company told the government that HDBank has promised to provide VND15 trillion for the projects, which are set to be in Ho Chi Minh …

The Ministry of Construction has proposed government support measures, including tax cuts for firms and incentives on interest rates, to bolster the struggling construction materials industry. It recommended that the Ministry of Transport incorporate more steel-embedded concrete in unfinished highway projects, particularly in flood-prone and remote areas, like the Mekong …

Ho Chi Minh City eyes GRDP growth targets of 7.5-8% next year as it strives to recover from a year of economic challenges and slower growth. The city is estimated to record 5.8% in growth this year against the target of 7.5-8%, said HCMC Deputy Chairman Vo Van Hoan at …

Obstacles in international trade, capital flow and administrative procedures still remain in the economy, said the Ministry of Planning and Investment at the monthly government meeting on Wednesday. The ministry reported that for the year to date, Vietnam’s economy has regained growth momentum and adapted better to the current global …

Vietnam’s benchmark VN-Index rose 0.94% to 1,126.43 points Wednesday, highest since Oct. 16. The index closed 10.46 points higher after dropping 4.52 points in the previous session. Trading on the Ho Chi Minh Stock Exchange increased by 5% to VND18.03 trillion ($753.61 million). The VN-30 basket, comprising the 30 largest …

Land Rover Vietnam has implemented a new strategy to enhance client experience, its General Manager Ruud Poels said at the JLR Retailer Hanoi launch of its first global standard retail destination on Nov. 23. Ruud Poels, General Manager of Land Rover Vietnam. Photo courtesy of Phu Thai Mobility As Vietnam’s …

Vietnam’s trade in the first 11 months fell 8% to US$620 billion, its lowest point in three years, as factories scale down operations due to the ongoing shortage of orders. Exports in the period dropped 6% to $322.5 billion, an improvement from a decline of 12% in the first few …

The U.S. dollar rose against the Vietnamese dong Wednesday morning. Vietcombank sold the dollar at VND24,450, up 0.08% from Tuesday. The State Bank of Vietnam raised its reference rate by 0.10% to VND23,951. The greenback went up 0.08% to VND24,700 on the black market. It has increased against the dong …