Business

SJC gold price rose 0.15% to VND67.2 million ($2,833.05) per tael Tuesday morning. Gold ring price fell 0.09% to VND54.5 million per tael. Globally gold traded in a tight range on Tuesday as investors refrained from taking big positions ahead of U.S. economic data that could influence the Federal Reserve’s …

Minh Phu Seafood Corp., a leading shrimp exporter, reported consolidated after-tax profits of nearly VND840 billion (US$35.6 million) last year, up 27% from 2021 and its highest since 2015. Its revenues rose by 20% to VND16.43 trillion. According to the Vietnam Association of Seafood Exporters and Producers, shrimp exports were …

Vietnam’s rice exports to Taiwan rose by 18.5% last year as quality improved and prices were competitive. It shipped 20,281 tons worth over US$10 million to account for more than 16% of Taiwan’s imports, the third highest market share. In recent years Vietnam’s exports of high-grade rice to the market …

Six projects worth over VND7.4 trillion ($310.46 million) are expected to begin this year serving railway infrastructure upgrade. Of the five of these, using State capital for the middle-term public investment plan for 2021-2025, three with a total valued at more than VND3.1 trillion involved the Hanoi-Vinh, Vinh-Nha Trang, and …

Thailand’s Central Retail Corporation has announced it will double the number of its Vietnam stores with its largest ever local investment of 50 billion baht (US$1.45 billion). The chain’s number of stores will jump to over 600 in 57 of 63 cities and provinces with the new investment over the …

Thailand’s Central Retail Corporation has announced it will double the number of its Vietnam stores with its largest ever local investment of 50 billion baht (US$1.45 billion). The chain’s number of stores will jump to over 600 in 57 of 63 cities and provinces with the new investment over the …

Norwegian police have seized nearly NOK60 million ($5.84 million) in cryptocurrency stolen from the game Axie Infinity last year. Axie Infinity was developed by Vietnamese company Sky Mavis. This is the largest amount of cryptocurrency ever seized by the Norwegian police and one of the largest seizures of money ever …

Stimulating investment in affordable housing where demand has been high for years is an ideal solution to unfreeze the property market, analysts say. The government is set to propose to the National Assembly a credit package of VND110 trillion ($4.64 billion) to fund social housing and worker home projects. Half …

Vietnam’s benchmark VN-Index rose 2.58% to 1,086.69 points Monday, highest since Feb. 6, led by property and banking stocks. The index closed 27.38 points higher after gaining 1.02 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 52.16% to VND11.70 trillion ($493.36 million). The VN-30 …

The Hat Yai Songkhla Hotels Association has expressed concern that a new tourist entry fee policy scheduled to take effect from June will negatively impact the recovery of tourism. Under the newly-approved policy, foreign tourists arriving in Thailand by air will have to pay a fee of 300 baht (US$9) …