Vietnam aims to become a modern industrial country with upper-middle income by 2030, and a developed, high-income country by 2050. According to the resolution on the national master plan for the 2021-2030 period with a vision to 2050, the country’s average annual GDP growth should be some 7% a year …
Read More »Fermented fish noodle soup: A captivating southern specialty
Chau sells Mekong Delta-style fermented fish noodle soup in Saigon and for almost 10 years, her restaurant on Nguyen Thien Thuat Street in District 3 has been a hit. Its piping hot bowls of broth prepared with fermented fish include a variety of seafood as well as slices of roast …
Read More »State Securities Commission has first chairwoman
Vu Thi Chan Phuong, vice chairwoman of the State Securities Commission for over 6 years, became its first chairwoman on Monday. Phuong, 52, a holder of a master’s degree in economics, started working at the commission in 1998, two years after it was established. She was the commission’s deputy chief …
Read More »VN-Index gains 0.26%
Vietnam’s benchmark VN-Index rose 0.26% to 1054.21 points Monday. The index closed 2.77 points higher after losing 4.38 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 28.7% to VND8.52 trillion ($355 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 14 tickers …
Read More »Gold prices down
SJC gold price downed 0.49% over the weekend to VND66.9 million ($2,852) per tael Monday afternoon. Gold ring price went up 22.68% to VND66.2 million per tael. A tael equals 37.5 grams or 1.2 ounces. Gold prices extended gains to an eight-month high on Monday as a weaker dollar made …
Read More »PM urges visa policy changes to facilitate foreign tourist entry
Prime Minister Pham Minh Chinh has ordered relevant agencies to simplify administrative procedures in grating e-visas to foreigners and to change current visa policies to better facilitate tourist entry. The prime minister’s decision came as a result of Vietnam lagging far behind several Southeast Asian neighbors in tourism recovery, despite …
Read More »HCMC supermarkets offer discounts amid low demand
Seeing lower demand, most supermarkets in HCMC are offering discounts of 5-50% on many products and plan to remain open throughout the Lunar New Year (Tet) holidays this month. Hoa of Go Vap District said she has bought many products at discounts. “A three-kilogram pack of detergent currently sells for …
Read More »Cement producer Vicem profits down to record low
Cement producer Vicem reported its lowest ever profits of VND1.53 trillion (US$63.9 million) last year as costs surged. Its profits were down 30% from 2021, while revenues rose by 17% to VND39.45 trillion. It sold nearly 27.5 million tons of cement, a 6.7% fall from 2021, mostly because of a …
Read More »Vinachem profits soar 2.8-fold
State-owned chemical manufacturer Vinachem saw profits surge by 2.8 times last year to VND6.02 trillion (US$256.50 million) thanks to high fertilizer prices. Revenues were up 17% to a record VND62.26 trillion. It sold over three million tons of fertilizers, 3,700 car tires, 2,300 million kilowatt-hours of batteries, 280,000 tons of …
Read More »VinFast to start handover of cars in US this month
Vietnamese electric carmaker VinFast is all set to deliver vehicles to its first U.S. customers this month. “We are currently signing sales contracts with our customers and will hand over vehicles in January,” Bloomberg quoted the subsidiary of private conglomerate Vingroup as saying. It is also tying up with banks …
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