Business

Vietnam’s foreign exchange reserves will rise back to US$95 billion this year, Moody’s Investor Service has forecast. “The recent appreciation of the dong, which reflects the improved external position, would give the central bank space to rebuild the FX buffers that were spent down during the U.S. dollar’s rally last …

Most property stocks ended in the green Wednesday, some even hit the ceiling, helping VN-Index closed 0.43% higher at 1,058.26 points and reached the highest since April 13. NVL of property developer Novaland Group and PDR of Phat Dat Real Estate Development closed 2.7% and 2.2% higher, respectively, and both …

About 150,000 new jobs will be created in the second quarter of this year, including 28,200 in electronics and optical device manufacturing, according to the Ministry of Labor, Invalids and Social Affairs. The ministry forecast the most sought jobs will be related to manual works in the industrial sector, sales …

The index of industrial production (IIP) in April increases 3.6% month-on-month and 0.5% over the same period last year, according to the General Statistics Office (GSO). However, the office also reported that IIP in the first four months of 2023 decreased by 1.8% year on year. The IIP growth in …

Education startup TEKY Alpha has raised US$5 million from Singaporean investment firm Sweef Capital to expand its operations. TEKY plans to expand its educational services at public schools and after-school programmes for children aged five to 18, Sweef Capital said in a statement. The startup, founded by Dao Lan Huong …

Taxi firm Mai Linh Group reported its first profit of VND1 billion ($42,600) after four years in 2022. Its revenues surged by 57% to VND1.65 trillion on recovering demand for transportation after two years of Covid-19. It had posted a loss of over VND270 billion in 2021. The company has …

Vietnam accounted for 10% of semiconductor chip exports to the U.S. in the 12 months ending this February, ranking third after Malaysia and Taiwan. The Vietnam chip industry’s revenue from the U.S. market rose by 74.9% during the period, from $321.7 million in February 2022 to $562.5 million this February, …

Local non-profit organisations Children’s Wishing Well, Club Rainbow (Singapore), Fei Yue Family Service Centre and Glyph Community received a cash donation of S$100,000 during the launch of ‘Page to Page: Amazon Singapore Books Pop Up’ at Punggol Regional Library. SINGAPORE – Media OutReach – 2 December 2023 – (NASDAQ: AMZN) …

Bamboo Airways owes one of its directors, Le Thai Sam, almost VND7.73 trillion ($329.50 million) as of April 10, according to a meeting on Tuesday. Sam, who became a member of the board in July last year, will soon receive a 21.7% stake from FLC, which has been operating the …

  An expert delivers a speech at the “Enhancing Competitive Capacity for Textile and Garment Enterprises on the Green Growth Pathway” seminar in HCM City on Friday. — VNS Photo Thu Ngân HCM CITY — The imperative for enterprises, including those in the textile and garment sector, to proactively embrace the …