Business

SJC gold prices went up 0.74% to VND67.2 million ($2,751.84) per tael Friday. Gold ring prices went up 0.09% to VND54.35 million per tael. A tael is equal to 37.5 grams or 1.2 ounces. Global spot gold prices fell 0.3% to $1,796.71 per ounce after hitting its highest since Aug. …

The U.S. dollar continued to fall against the Vietnamese dong Friday as it depreciates globally amid moderated inflation and rising consumer spending in the U.S. Vietcombank sold the dollar at VND24,600 Friday, down 0.16% from Thursday, lowest since October 19. Eximbank sold the greenback at VND24,520, down 0.49%. The rate …

Ho Chi Minh City will set off high-altitude fireworks in 15 minutes on New Year’s Eve after suspending the popular event for a year due to the Covid-19 pandemic. The fireworks will be set off at the Thu Thiem Tunnel between Districts 1 and 2 following a countdown event on …

The Vinamilk – Kido Beverage Joint Venture Company has announced its dissolution after just a year of doing business. Vinamilk, the country’s largest dairy company, decided to end its joint venture with ice-cream producer Kido with effect from December 1 due to “certain changes in the development perspective of both …

Negativity in the corporate bond, capital and property markets should be ‘rectified’ by punishing rule breakers to instill investor confidence, says Vietnam Prime Minister Pham Minh Chinh. This year Vietnam has exposed and corrected violations in these markets to “protect the rights of citizens and businesses,” he said at a …

Vietnam’s SJC gold prices rose 0.74% to VND67.15 million ($2,739.14) per tael Thursday. Gold ring prices went up 0.28% to VND54.3 mllion per tael. A tael is equal to 37.5 grams or 1.2 ounces. Global spot gold prices went up 0.7% to $1,781.15 per ounce, a two-week high, supported by …

Gasoline prices fell for the second time in a row Thursday after four consecutive hikes over the last two months. The government lowered the price of RON95 gasoline 4.54% to VND22,700 per liter. E5 RON92 dropped 4.41% to VND21,670. Regulators also slashed Diesel to VND23,210, down 6.41%. Global rates have …

Vietnam’s benchmark VN-Index dropped 1.16% to 1,036.28 points Thursday after rising for five sessions in a row. The index closed 12.14 points lower after gaining 16.26 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 22.89% to VND21.83 trillion ($889.21 million). The VN-30 basket, comprising …

Vietnamese agriculture, forestry and fishery exports climbed to a new record of over $49 billion in value through November this year, an 11.8% hike year-on-year. As Vietnam’s largest foreign agriculture market, the U.S. accounted for $12.3 billion in shipments, 25% of the total. Orders from the robust Chinese economy followed …

Vietnam’s largest airport Tan Son Nhat has added 20 new daily domestic flights to and from Ho Chi Minh City this winter to meet spiking Lunar New Year demand. That means 3,000 more seats traveling through the southern economic hub from January 6 to February 5 during Vietnam’s largest traditional …