Sunday , November 24 2024

Business

Business

Masan maintains strong momentum

Masan’s performance remained resilient with strong momentum, according to its unaudited management accounts for the first quarter released Friday. The CrownX (TCX), Masan’s integrated consumer-retail platform that consolidates WinCommerce (WCM) and Masan Consumer Holdings (MCH), recorded a slight top-line decline in a challenging macro environment. This also weakened consumer sentiment, …

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PM tells banks to lower interest rates

PM tells banks to lower interest rates

Prime Minister Pham Minh Chinh has called on public banks to reduce deposit and lending interest rates to enhance businesses’ access to credit. At a recent meeting attended by officials from the government and state-owned banks, he said the public banks account for a large proportion of credit in the …

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Toyota, Hyundai battle for top spot in compact car segment

Toyota, Hyundai battle for top spot in compact car segment

Toyota and Hyundai fought closely for the top spot in the auto market last quarter, Ford threatened Kia’s third place and Mitsubishi edged out Mazda from fifth. Overall sales during the quarter plummeted by 25% year-on-year despite slight increases in February and March due to promotions by various brands. The …

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Hong Kong Express Airways opens direct route to Hanoi

Hong Kong Express Airways on Friday launched a direct air route linking Hong Kong with Hanoi. The first flight, coded UO550, landed at Noi Bai International Airport at 09:01 a.m. on the same day. The low-cost airline operates a round-trip flight, using Airbus A320, with the flight time of around …

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Camping at natural hot springs in northern Vietnam

Ban Mac Village is not only a beautiful, peaceful place to pitch your tent. It is also home to some of Vietnam’s best natural hot springs, which are nestled into rocky mountainside. Ban Mac village is in Trinh Tuong commune, Bat Xat district, 100 km north of the resort town …

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Gold edges up

Gold edges up

SJC gold price gained 0.07% to VND67.2 million ($2,863.84) per tael Friday morning. Gold ring price dropped 0.35% to VND56.7 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices were poised for a second monthly gain on Friday as lingering economic concerns drove investors to …

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VN-Index posts biggest gain in 4 weeks

VN-Index posts biggest gain in 4 weeks

Vietnam’s benchmark VN-Index rose 0.91% to 1,049.12 points Friday. The index closed 9.49 points higher after losing 1.17 points on Thursday. This was its biggest increase since April 3. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 18.34% to VND10.28 trillion ($438 million). The VN-30 basket, comprising …

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Parkson Vietnam files for bankruptcy

Parkson Vietnam files for bankruptcy

Mall operator Parkson Vietnam on Friday filed for bankruptcy in Ho Chi Minh City, ending its 18 years of operations with million-dollar losses. It is not commercially feasible to continue Parkson Vietnam operations, the parent company Parkson Retail Asia said in a statement. Parkson Vietnam has historically operated at a …

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