Business

The U.S. dollar dropped against the Vietnamese dong Wednesday at both banks and unofficial exchange points. Vietcombank sold the dollar at VND23,860 Wednesday, down 0.08% from Tuesday. Eximbank sold the greenback at VND23,840, down 0.29%. The rate at Techcombank is VND23,860, down 0.21%, and at ACB is VND24,000, down 0.41%. …

Gasoline prices plunged to the lowest since June 2021, with RON95 dropping 2.36% to VND20,700 ($0.87) per liter. E5 RON92 fell 1.82% to VND19,970. Diesel dropped 0.32% to VND21,600. Gasoline prices have fallen four times in a row since mid-November. They are now 37% lower than the previous peak on …

Accor is offering a series of dining experiences and parties at its hotels and resorts for the festive season in Vietnam and other Southeast Asian countries. Christmas decorations at Sofitel Legend Metropole Hanoi. Photo by Accor Sofitel Legend Metropole Hanoi will become a Nutcracker Wonderland this December with 500,000 twinkling …

Strict visa policies, low-preparedness and poor services have hindered Vietnamese tourism in the post-lockdown era, experts say. Vietnam was one of the first Southeast Asian countries to fully reopen to international tourism after the Covid-19 pandemic thanks to its widespread vaccination campaign. However, the country has failed to take advantage …

India, Vietnam and Brazil could account for as much as 30% of Apple supplier’s Foxconn production in upcoming years as Apple seeks to diversify its supply chain out of China. Key electronics manufacturers are moving faster to diversify their capacity globally, taking advantage of local incentive policies, according to Counterpoint …

British newspaper The Telegraph has named Vietnam one of 15 budget-friendly destinations for a winter sun break, recommending Nha Trang and Hoi An in the central region as ideal options. It is ideal to visit Vietnam in January as the average temperature then is 25 degrees Celsius, it said. The …

Confectionary maker and food producer KIDO will sell over 22 million treasury shares to a foreign consumer goods company that will help the Vietnamese company expand on the global market. “This is a partner we will cooperate with for the long term,” KIDO CEO Tran Le Nguyen announced the news …

Vietnam replaced the U.K. as the U.S.’ seventh-largest trading partner over the first 10 months of this year. Vietnam’s share of the U.S. merchandise trade rose to 2.7% during the period, while U.K. goods dropped to a 2.6% share in the category, according to U.S. Census Bureau data as cited …

Apple’s MacBooks are set to be produced in Vietnam starting next year for the first time, the latest of several Apple products that will be shifted to the country. Apple has tapped its top supplier, Taiwan’s Foxconn, to start making the laptops in Vietnam as early as around May, sources …

The U.S. dollar surges against the Vietnamese dong at banks Tuesday afternoon. ACB sold the dollar 0.84% higher at VND24,100, while VIB set the rate at VND24,150, a 1.05% rise. The greenback goes up 0.83% to VND24,400 at SCB. Vietcombank sold the dollar at VND23,910, up 0.38%. The State Bank …