Business

Vietnam’s benchmark VN-Index dropped 0.46% to 1120.18 points Friday. The index closed 5.21 points lower after losing 12.96 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 27.25% to VND12.62 trillion ($535.29 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 19 tickers …

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is one of two platinum sponsors for the 2023 Singapore Regional Business Forum to be held in Hanoi on July 7. This year marks the 50th anniversary of bilateral ties and 10th anniversary of the strategic partnership between Singapore and Vietnam. The …

NNO (Nourishing Night Oil) Capsule was honored as one of the top 10 brands of the year at the 2023 Asia Excellent Brand awards. NNO has passed the evaluation rounds of the advisory council and was honored as one of the top 10 brands at Asia Excellent Brand 2023 for …

Ho Chi Minh City’s GRDP growth is expected to be nearly 7% this year, even under the most favorable conditions, as many economic difficulties linger, its chairman Phan Van Mai has said. Vietnam’s biggest city recorded a 3.55% GRDP growth in the first six months with public investment and services …

Vietnam saw a record-high number of new business registrations, including those resuming operations, in June, according to the Department for Business Registration Management under the Ministry of Planning and Investment. This is a positive signal seeing as firms are still facing many difficulties in production and business activities, the department …

Consumer price index (CPI) increased 3.29% in the first six months of this year, said Nguyen Thi Huong, General Director of the General Statistics Office (GSO), at a press conference. The official said that in June alone, CPI rose 0.27% over that of May and 2% over the same period …

Vietnam recorded a trade surplus of about $12.25 billion in the first half of this year, according to the General Statistics Office of Vietnam (GSO) Thursday. In the period, the total import-export turnover of goods hit $316.65 billion, an annual decrease of 15.2%. Specifically, exports and imports fell by 12.1% …

Vietnam had attracted a total of $13.43 billion in foreign direct investment (FDI) from the beginning of this year to June 20, down 4.3% year-on-year, according to the General Statistics Office. In the period, there were 1,293 newly-registered projects with a combined capital of $6.49 billion, up 71.9% in the …

The U.S. dollar rose to the highest since March 16 against the Vietnamese dong on Friday morning. Vietcombank sold the dollar at VND23,755 Friday, up 0.11% from Thursday. Eximbank kept the greenback at VND23,670, and Techcombank maintained it at VND23,755. The State Bank of Vietnam (SBV)’s reference rate is at …

Chinese manufacturer Wuling has introduced the cheapest electric vehicle models in Vietnam. The newly-launched mini electric vehicle models were launched Thursday for prices starting at VND239 million ($10,139). The Wuling Hongguang Mini EV, which is assembled in Vietnam’s northern province of Hung Yen, is one of the smallest electric vehicles …