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Business

Business

Industrial production shows glimpses of recovery

Industrial production shows glimpses of recovery

The manufacturing sector is showing signs of revival but a full-blown recovery is only likely in the second half of this year at the earliest, analysts said. With an estimated 80,000 factory workers laid off in the first two months amid plunging orders since the third quarter last year, industrial …

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Gold prices ease

Gold prices ease

SJC gold price dropped 0.07% from Friday closing price to VND67.3 million ($2,860.79) per tael Saturday morning. Gold ring price fell 0.18% to VND55.85 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold dipped on Friday in a volatile week that saw bullion prices north of …

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Vietnam to block payment for unlicensed games

Vietnam to block payment for unlicensed games

The Ministry of Information and Communications said it will deploy solutions to block the payment for unauthorized games in the country. There are hundreds of thousands of unauthorized games, card games, and gambling games which cause insecurity and disorder as well as bad consequences for the society, the ministry’s Authority …

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Vietnam to raise air ticket price cap

Vietnam to raise air ticket price cap

The Ministry of Transport will increase the domestic air ticket price ceiling in Vietnam by an average 3.75% later this year, a decision set to delight local carriers. The maximum airfare on four out of five flight distances will rise in the second or third quarter, according to a recent …

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Durian prices plunge by half

Durian prices plunge by half

Durian prices have plunged by half in nearly two months as harvest season approaches and supply is abundant. Farmers in the southern provinces of Tien Giang, Long An, Binh Phuoc, and Dong Thap are selling their Ri6 durian for VND75,000-VND85,000 per kilogram ($3.19-$3.62), down from VND190,000 in earlier February. Lanh, …

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VN-Index closes week with meager gain

VN-Index closes week with meager gain

Vietnam’s benchmark VN-Index rose 0.16% to 1046.79 points Friday, closing the week with four out of five sessions in the green. The index closed 1.69 points higher after gaining 4.56 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 21.22% to VND9.44 trillion ($401.53 million). …

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Gold posts marginal gain

Gold posts marginal gain

SJC gold price gained 0.07% to VND67.3 million ($2,862.61) per tael Friday afternoon. Gold ring price went up 0.09% VND55.95 million. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices slipped on Friday as the dollar edged higher, while investors assessed the U.S. central bank’s hints at a …

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