Business

Cholimex Food reaped revenue of VND3.2 trillion ($137.17 million) and a pre-tax profit of VND277 billion last year, the highest levels reached since its establishment in 1983. The revenue of mainly came from the sale of chili sauce, ketchup, fish sauce and soy sauce, with the domestic market contributing 70%. …

SJC gold price dropped 0.3% to VND66.95 million ($2,851.97) per tael Thursday. Gold ring price fell 0.18% to VND55.85 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices declined on Thursday as easing concerns about the global banking system fed risk appetite and curbed some …

MB, HDBank and VPBank could see their foreign ownership cap increased from 30% to 49% if they buy some ailing banks, according to a central bank proposal. The State Bank of Vietnam (SBV) has proposed that the government should increase the foreign ownership if a bank buys another credit organization …

The U.S. dollar continued to fall against the Vietnamese dong Thursday morning. Vietcombank sold the dollar at VND23,640, down 0.04% from Wednesday. Its rate still hovers around a seven-week low. Techcombank lowered the rate by 0.06% to VND23,652. Eximbank maintained the greenback at VND23,670. The State Bank of Vietnam kept …

Vietnam’s rice export value rose 30.2% in the first quarter despite export volume falling 19.2%. The country shipped 1.79 million tons of rice worth $952 million abroad in the period, according to a report by the Ministry of Agriculture and Rural Development. The average export price reached $531 a ton, …

With falling demand and rising feed prices pushing them into losses, small animal farms are asking the government for preferential bank loans and a rollover of debts. Many households in southern Dong Nai Province have even stopped breeding altogether, as much as 50% of small breeders in some areas, because …

Seaport operators want the government to increase its terminal handling charge as they claim they lose billions of dollars annually at the current level, which is lowest in Southeast Asia. In a proposal to the government by the Private Sector Development Committee, port operators say that the current terminal handling …

Analysts say Vietnam should stop depending on tax incentives to attract FDI and instead focus on improving the business environment and quality of labor as a minimum corporate tax looms. As foreign direct investment (FDI) business representatives and analysts gathered at an investment forum Wednesday morning, Deputy CEO of Deloitte …

U.S. aerospace company Boeing interviewed 40 applicants at a number of universities in Vietnam and hired two. Luu Van Thuan, head of the faculty of aviation engineering, Vietnam Aviation Academy, said the world’s largest aircraft manufacturer worked with the academy to interview two of its alumni on March 27. Three …

Vietnam’s benchmark VN-Index rose 0.19 percent to 1056.33 points Wednesday in its seventh session in the green, hovering around the highest level since March 15. The index closed 2.04 points higher after gaining the same points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 25.93% …