Business

SJC gold price fell 0.15% to VND67 million ($2,847.73) per tael Monday morning. Gold ring price gained 0.18% to VND56.45 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold climbed on Monday after a weaker dollar made bullion more attractive for overseas investors, although prices hovered …

South Korea’s Doosan Group said it is eyeing to expand eco-friendly energy investment in Vietnam as one of the future strategies that it is aiming at the potential clean energy market in the Southeast Asian country. Doosan Enerbility company has signed agreements with three companies operating thermal power plants in …

The State Bank of Vietnam (SBV) has cut regulatory interest rates for four consecutive times since the beginning of this year, in the context that world interest rates continue to rise and stay at a high level. The central bank’s decisions clearly reflect its efforts to support economic growth through …

HONG KONG SAR – Media OutReach Newswire – 7 December 2023 – Today, KGI Asia has released its 2024 Global Market Outlook, which covers Mainland China, Hong Kong, Taiwan, the US, Singapore, and Indonesia. (From left to right) James Chu, Chairman at KGI Investment Advisory and Kenny Wen, Head of …

A shop in the Central Highlands has been fined VND50.5 million (US$2,100) for selling counterfeit Chanel and Lancome perfumes and sunscreen through Facebook livestream. The shop in Pleiku, Gia Lai Province, was busted during a livestream session, the local police said. They had been monitoring the shop for some time, …

High Interest Rates Set to Impact Residential Prices Through 1H 2024, End-Users to Drive CRE Investment Market 2023 YTD Grade A office net absorption (as of mid-November) was negative at –267,100 sq ft NFA; rents remained under pressure, down 7.2% YTD. The retail market continued its gradual recovery process, with …

  Chairman of the Việt Nam Tourism Association Vũ Thế Bình. — VNA/VNS Photo The media has played an essential role in helping domestic and foreign tourists better understand the tourism industry, spreading the country’s beautiful image and people of Việt Nam, and supporting the Vietnamese tourism industry to improve its shortcomings. However, the tourism industry …

The retail price of Australian tangerines sold in Vietnam in late June halved over the same period last year because the fruit is in season and competing with China-grown tangerines. In traditional markets and fruit shops in Ho Chi Minh City, Australian tangerines are sold for VND90,000-120,000 (US$3.83-5) per kilogram. …

Vietnam’s four biggest banks, Vietcombank, VietinBank, BIDV and Agribank, reduced deposit interest rates by 0.5 -1 percentage points last week. The highest interest rate at the four state-owned banks is 6.3%, applied for a deposit term of 12 months or more. The rate has decreased by 0.5-0.7 percentage points since …

Property brokerages have been forced to sell assets like cars, reduce office size and payrolls and offer other services to remain afloat. The Finance – Economics – Real Estate Institute belonging to Dat Xanh Services said brokerages have resorted to selling insurance, furniture and coffee, and leasing their offices to …