Business

Vietnam’s benchmark VN-Index rose 0.26% to 1168.4 points Friday, closing the week with all five sessions in the green. The index closed 2.98 points higher after gaining 11.22 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 25.29% to VND20.87 trillion ($883 million). The VN-30 …

Domestic and foreign funds have disbursed up to VND5.84 trillion ($24.69 billion) in the first half of 2023 after the capital flow of exchange-traded funds (ETFs) returned to the market last month. ETFs modestly net purchased VND257 billion, according to a report by SSI Securities Corporation. The report revealed that …

Binh Thuan Province has granted approval to U.S. energy firm AES and Petrovietnam Gas to build the US$1.34-billion Son My LNG Terminal. The country’s biggest facility for managing the import and export of liquefied natural gas when completed in 2027 will have a capacity of 450 trillion British thermal units. …

HONG KONG SAR – Media OutReach – 8 December 2023 – Hong Kong-based WOW Technology Holding Group Company Limited (“WOW Technology” or the “Group”) is pleased to announce it has become a member of the Guangdong-Hong Kong-Macao Supercomputing Interconnection Overseas Network. Along with the accelerated technological innovation and strategic industry …

Vietnam’s aviation market is projected to grow by 7-10% during this summer compared to the same period of 2019, reaching 3.5-4.5 million passengers per month between June and August. Director of the Civil Aviation Authority of Vietnam (CAAV) Director Dinh Viet Thang pinned high hopes on the outlook of the …

Banks have to lower lending interest rates to stimulate demand for new loans as credit growth falters and deposit interest rates have also dropped sharply. BIDV recently announced to set aside VND300 trillion for loans with a preferential annual interest of 0.5-2% lower than normal lending rates. Pham Thi Van …

Apartments and villas in the western area of Hanoi’s West Lake have seen prices nearly double in the last five years thanks to new infrastructure being developed. The Ngoai Giao Doan neighborhood in Bac Tu Liem District has seen apartment prices surging 70% from VND35 million ($1,480) to VND60 million …

Australian foods and beverages on display at MM Mega Market An Phú in HCM City. — VNS Photo Thu Hằng HCM CITY — MM Mega Market Vietnam in co-operation with the Australian Trade and Investment Commission (Austrade) on Thursday kicked off the Taste of Australia retail promotion campaign, showcasing Australian …

  Delegates at the “Beyond Global Business Promotion & Connection” programme in HCM City on December 7. — Photo courtesy of the organiser HCM CITY — Around 300 major foreign corporations who have invested in Việt Nam and Vietnamese businesses attended the “Beyond Global Business Promotion & Connection” programme held to …

Oil and gas giant Petrovietnam has liquidity issues because it has not been able to collect payables of VND23 trillion ($971 million) from state-owned utility Vietnam Electricity. Over VND14 trillion of the amount is past due, and this is having a major impact on its own business, the oil company …