Business

Vietnamese exports and production have slowed in recent months, especially November, due to struggling global market, according to lender HSBC. HSBC’s latest economic report has reported that Vietnam’s export turnovers in November decreased 7.4% against November 2021. Earlier, HSBC predicted exports would drop by only 2.3%. The world’s Purchasing Managers’ …

Thien Long Group Corporation was honored by Vietnam Chamber of Commerce and Industry as one of the “Top 100 Sustainable Businesses” on December 1. The group was also honored by Nhip Cau Dau Tu Magazine as one of the “Top 50 Best-Performing Companies in Vietnam 2022” for 19 years (2011-2022). …

Vietnam’s benchmark VN-Index dropped 0.73% to 1041.02 points Wednesday. The index closed 7.67 points lower after losing 44.98 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 40.32% to VND14.04 trillion ($588.31 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 15 tickers …

HCMC factories are facing obstacles recruiting workers who have lost their jobs. Shortly after Taiwanese shoemaker Ty Hung Co. laid off 1,185 workers at its HCMC factory in November due to falling orders, Thuan Phuong Embroideries Garments Co. reached out to those workers and offered them new jobs at its …

SJC gold prices gained 0.37% to VND67.15 million ($) per tael Wednesday morning, bouncing up from a seven-week low recorded 24 hours before. Gold ring prices fell 0.19% to VND53.9 million per tael. A tael equals 37.5 grams or 1.2 ounces. Gold prices struggled for momentum in early Asian trade …

The U.S. dollar continues to slide against the dong at both banks and on the black market. Vietcombank sold the dollar at VND24,140 Wednesday, down 0.17% from Tuesday. The greenback weakened by 0.06% to VND24,260 at TPBank. It stayed the same at Eximbank and Vietcombank. The State Bank of Vietnam …

Vietnam’s electric-vehicle maker VinFast said on Tuesday it has filed for an initial public offering (IPO) in the United States to list on the Nasdaq under ticker symbol “VFS” to fund its expansion with a planned plant in North Carolina. VinFast, which began operations in 2019, is gearing up to …

Nearly 40 companies in the southern province of Binh Duong, mainly making auto parts, food, garments, and electronics, want to hire around 9,000 workers for their factories. Japanese auto part maker Yazaki EDS Vietnam wants 500 workers, Vietnamese food producer LC Foods wants 200 and South Korean garment firm ASG …

Many workers who are furloughed because factories lack orders are not entitled to unemployment benefits and find it hard to get new jobs. Nguyen Quoc Hung, 40, who has worked for garment maker C.T. Vina in Tan Thuan Export Processing Zone in HCMC for 11 years, and some of his …

Bank loans need to be accessible by three growth-driving areas of investment, exports, consumption while only suitable property projects can borrow, said Prime Minister Pham Minh Chinh. After the State Bank of Vietnam extended the credit growth limit by 1.5-2 percentage points to 15.6-16% this year, the bank should operate …