Business

Vietnam’s consumer price index (CPI) in February grew by 0.45% month-on-month, fueled by higher prices of oil, petrol, gas, and rental houses, the General Statistics Office said on Feb. 28. This month’s CPI and core inflation increased by 4.6% and 5.08% year-on-year, respectively. Among the 11 main commodity groups, five …

Skoda cars are expected to be imported from the Czech Republic and sold from May before being assembled in the country, according to sources at Skoda Vietnam. In the C-segment, CUV Karoq, one of the company’s bestselling models, will compete with the Hyundai Tucson, Kia Sportage, Mazda CX-5, Honda CR-V, …

Most retailers occupying the 3rd to 6th floors of the 68-story Bitexco Financial Tower in HCMC have moved out in recent times, unable to afford the enormous rents. When VnExpress visited the building on Feb 24 the ground floor remained as vibrant as ever with cafes and cosmetics stores bustling …

Vietnam saw the lowest amount of initial public offering (IPO) funds mobilized in all Southeast Asia last year, according to a Deloitte report. Thailand raised $3.6 billion in IPO funds while the figure in Vietnam was a mere US$71 million. Vietnam witnessed 8 successful IPOs last year, down from 13 …

Vietnam’s benchmark VN-Index rose 0.34% to 1,024.68 points Tuesday, a marginal gain after five losing sessions. The index closed 3.43 points higher after losing 18.31 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 30.54% to VND6.48 trillion ($272.50 million). The VN-30 basket, comprising the …

Macorner’s gift makers have been hard at work personalizing holiday gifts since Christmas Eve, and they’ll be getting busier as Mother’s Day, Father’s Day and other major holidays approach. Liam Nelson, CEO of Macorner, a U.S.-based gift company, explained the market’s potential: “Personalized gifts are great for any occasion. Whether …

Vietnamese banking brands are riding high with a growth of 31.3% in brand value in 2023, according to Brand Finance Banking 500 Report. Almost all the 12 Vietnamese banks featured in the report have climbed in their global rankings. Agribank’s brand value grew by just 1.7% to hit $1.4 billion. …

Vietnamese electric vehicle maker VinFast announced on February 27 that it will start delivery of VF 8 City Edition vehicles to U.S. customers beginning March 1 (or March 2 in Vietnam). The delivery event will be held at the VinFast store in California, marking its new journey in the international …

The U.S. dollar retreated against the Vietnamese dong Tuesday morning at most banks but remained steady on the black market. Vietcombank sold the dollar at VND23,980 Tuesday, down 0.04% from Monday. Eximbank let the rate slide 0.08% to VND23,940. Techcombank sold the greenback 0.13% at VND23,965. The State Bank of …

English language teaching center Apax Leaders is seeking loans from shareholders to remain afloat, saying it might have to close down its branches since it cannot cover their expenses. Nguyen Ngoc Thuy, chairman of Apax Holdings, the parent company of Apax Leaders, said at an online meeting Sunday with shareholders …