Business

Thai police have arrested two Chinese citizens, wanted in separate fraud cases worth 2 billion baht ($60 million), on the charge of staying in Thailand illegally. Thai immigration police officers arrested a 44-year-old man in Chiang Mai Province at the request of Chinese authorities, the Bangkok Post reported. The man, …

Vietnam’s benchmark VN-Index rose 0.06% to 1,056.39 points Thursday, having gone sideways since January 3. The index closed 0.63 points higher after gaining 2.41 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 1.65% to VND8.71 trillion ($371.54 million). The VN-30 basket, comprising the 30 …

SJC gold prices fell 0.07% to VND66.9 million ($2,854) per tael Thursday afternoon. Gold ring prices dropped 0.09% to VND54.5 million. A tael equals 37.5 grams or 1.2 ounces. Global gold prices rose on Thursday, supported by a softer dollar, while market participants awaited U.S. inflation data that could influence …

Vietnam’s largest refinery has nearly completed repair of a damaged unit and will resume 107% of the unit’s capacity next week to compensate for the loss in production. Issues in the residue fluid catalytic cracking system, which were discovered at the end of last month, have been 94% repaired and …

The U.S. dollar fell against the Vietnamese dong on the black market Thursday morning but remained stable at banks. Unofficial exchange points sold the dollar at VND23,485, down 0.7% from Wednesday. Vietcombank kept its rate unchanged at VND23,610. Eximbank maintained the rate at VND23,580, while Techcombank sold the greenback 0.01% …

Garuda Indonesia was the world’s most punctual airline in 2022, with 95.6% of its flights taking off and landing in time, according to British aviation data provider OAG. It was followed by South Africa’s Safair and Germany’s Eurowings with an on-time performance of 95.3%, its Punctuality League report said. Thai …

Focusing on core competencies and investing in initiatives to improve user experience are strategies to help businesses stay strong despite the volatile market, according to deputy general director of Lazada Vietnam.     Innovation helps increase e-commerce firms’ competitiveness: Lazada exec E-commerce use innovation to increasing competitiveness

Tech company VNG has named Vo Sy Nhan as its new chairman in place of founder Le Hong Minh, who remains the CEO. The decision was reportedly made on January 1 but only announced recently. Minh, who owns around 10% of the company, has been chairman and CEO since 2004. …

The American Chamber of Commerce in Vietnam said Wednesday that Greg Testerman, CEO of banking advisory firm Gregory Advisory, has been elected its chairman. He replaces Winnie Wong, country manager of Vietnam, Laos, and Cambodia for Mastercard. AmCham Vietnam is one of the largest business organizations in Vietnam with over …

There has been chaos at construction giant Hoa Binh Construction Group for the last two weeks, with its board of directors bickering over who the chairman is. On December 14 the board had approved the resignation of chairman Le Viet Hai, effective January 1, and the appointment of outside director …