Sunday , November 24 2024

Business

Business

Vietnam aims to become a developed country by 2050

Vietnam aims to become a developed country by 2050

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 …

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State Securities Commission has first chairwoman

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 …

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VN-Index gains 0.26%

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 …

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Gold prices down

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 …

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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 …

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HCMC supermarkets offer discounts amid low demand

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 …

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Cement producer Vicem profits down to record low

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 …

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Vinachem profits soar 2.8-fold

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 …

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VinFast to start handover of cars in US this month

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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