Business

SJC gold price rose 0.68% to VND74 million ($3,046.52) per tael Saturday morning. Gold ring price went up 0.63% to VND62.65 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally, gold prices rallied to an all-time high on Friday after remarks from Federal Reserve Chair Jerome Powell …

The government has instructed the Ministry of Finance to make it mandatory for gas stations to switch from paper to electronic bills within this month to prevent tax evasion. It had issued the order two weeks ago, warning that noncompliance would attract penalties. It had in fact wanted fuel stations …

Overseas Vietnamese businesspeople in the United Arab Emirates want the Vietnam government to roll out incentive policies to reduce transport costs between the two countries. Many of them have difficulty affording the high costs of shipping goods from Vietnam to the UAE, Huynh Bao Khuong, a representative of the Vietnamese …

Turkish construction firm IC Holdings, which has won a hotly-contested major bid for a project at southern Vietnam’s highly-anticipated Long Thanh International Airport, wants to build Vietnam’s new metro lines. During an official Vietnamese delegation’s state visit to Turkey on Thursday, IC president Ibrahim Cecen told Vietnamese Prime Minister Pham …

Legal difficulties and limited access to high-quality property are the main challenges faced by foreign buyers in Vietnam, analysts say. Although there are many assets are being available for sale due to economic slowdown, few of them are accessible to foreign buyers due to lack of legal permits, differences in …

AstraZeneca Vietnam has been ranked 14th among the top 100 best places to work in Vietnam, and 4th in the pharmaceutical/medical equipment/healthcare industry for the fifth consecutive time. In its 10th year, Vietnam Best Places To Work continues to attract the participation of nearly 64,000 experienced employees representing 18 diverse …

Turkey and Vietnam have agreed to boost the partnership between their private sectors in manufacturing electric vehicles at a recent high-level meeting. Turkish Minister of Industry and Technology Fatih Kacir on Thursday agreed with a proposal by Prime Minister Pham Minh Chinh to boost their EV industry collaboration making use …

State-owned lender Vietcombank, Vietnam’s biggest lender by market cap, has cut its interest rate for one-month deposits to a record low of 2.4%. Its three-month rate is 2.7%. Its highest rate, for 12 to 24 month deposits, has come down to 4.8%, from 7-8% in January. This is the third …

Mayhomes, with Masterise Homes’ best sales record in the north, continues to accompany investors with a high-end product line called Lumière Evergreen in Hanoi. The Lumière by high-end real estate developer Masterise Homes features aesthetically pleasing, balanced architecture and refined, luxurious living aspects. Masterise Homes’ collaboration with architectural masters led …

Conglomerate Thaigroup plans to buy a 4.92% stake in agriculture firm Hoang Anh Gia Lai. Thaigroup, which manufactures cement and develop properties, will purchase 52 million shares of HAGL as part of the latter’s plan to sell 130 million shares in a private placement. The other buyers are LPBank with …