Business

Private lender SeABank is set to sell nearly 95 million shares, a 4.63% stake, to Norwegian Investment Fund. The board of directors has approved for the bank to sell each share at minimum VND12,861 ($0.54). The bank is set to fetch over VND1.2 trillion from the sale. Norwegian Investment Fund …

The U.S. dollar’s rally against the Vietnamese dong continued Thursday morning as the greenback hit an 18-week high against dong. Vietcombank sold the dollar at VND23,930, up 0.04% from Wednesday. Eximbank maintained it at VND23,670, and Techcombank kept it unchanged at VND23,935. The State Bank of Vietnam’s reference rate was …

Retail firms of the South Korea are stepping up efforts to tap into the Vietnamese market, which has huge growth potential thanks to its rapid economic growth and a high proportion of the working age population. Lotte Group, one of the top two retail giants in the South Korea along …

SINGAPORE – Media OutReach Newswire – 8 December 2023 – Right on the heels of the launch of her much-awaited new single “Houdini”, the iconic wax attraction Madame Tussauds Singapore welcomes Grammy Award-winning British pop star, Dua Lipa’s latest wax figure to its doors! Dua Lipa’s fifth wax figure is …

There will be no power shortage for northern Vietnam from now until the end of the year, Deputy Minister of Industry and Trade Do Thang Hai has said. There will be adequate supply for both business and household needs as the ministry has ordered national utility Vietnam Electricity (EVN) to …

Vietnam’s benchmark VN-Index rose 0.23% to 1134.62 points Wednesday. The index closed 2.62 points higher after gaining 6.50 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 17.48% to VND17.20 trillion ($723.68 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 16 tickers …

A real estate brokerage is offering an 18-month return policy for over 150 apartments in Hanoi outskirt to boost demand amid a frozen market. Dat Xanh Mien Bac allows buyers of three- and four-bedroom apartments, from 127 to 141 square meters apiece, at Tecco Garden urban project in Thanh Tri …

Electronics retailers have repeatedly slashed the prices of iPhones to compete with one another, but this threatens to lower the quality of service. In April, The Gioi Di Dong (Mobile World) launched a promotion campaign named “Gia re qua” (Too cheap) for the iPhone 14. Then FPT Shop, Di Dong …

SJC gold price fell 0.07% to VND67.05 million ($2,819.60) per tael Wednesday morning. Gold ring price dropped 0.09% to VND56.1 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold stuck to a narrow range on Wednesday as investors awaited the release of the U.S. Federal Reserve’s …

The U.S. dollar continued its rally against the Vietnamese dong on Wednesday, hitting the highest levl since March 6. Vietcombank sold the dollar at VND23,900, up 0.17% from Tuesday. Other banks kept their rates stable. Eximbank sold the greenback at VND23,670, and Techcombank VND23,880. The State Bank of Vietnam raised …