Business

Half a month after of losing his job, Nguyen Van Hung, 33, was hired by Thien Loc Shoe Company through the labor department in HCMC’s District 12. Hung and his wife, natives of Dong Thap Province, had been working for Sun Kyoung Vietnam Garment Co., Ltd. in District 12, but …

Vietnam’s benchmark VN-Index rose 2.51% to 971.46 points Friday with trade value surging 16.25%. The index closed 23.75 points higher after gaining 1.71 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) reached VND9.72 trillion. The VN-30 basket, comprising the 30 largest capped stocks, saw 26 tickers …

The expansion of the auto market and a breakthrough strategy have helped SVC Holdings boost revenue and profit, according to its CEO, Tran Thi Hong Bich. SVC Holdings Joint Stock Company, which is to become a member of Tasco, has announced that the accumulated revenue for the first 10 months …

Tourism authorities in Ho Chi Minh City will organize a Spanish language training course for tour guides and those working in the tourism industry to better serve Spanish speaking tourists. The course is expected to open early next year. Bui Thi Ngoc Hieu, deputy director of HCMC Department of Tourism, …

NovaGroup, the biggest shareholder of property developer Novaland, will sell 150 million Novaland shares (NVL) slated for Nov. 30-Dec. 29, it said Thursday. After the share sales, NovaGroup’s ownership in Novaland will drop to 28.76% from the current 36.46%. NovaGroup told the HCM Stock Exchange that the sales will increse …

The U.S. dollar weakens against the Vietnamese dong at both banks and unofficial exchange points Friday. Vietcombank and TPBank sold the greenback at VND24,852, down 0.008% from Thursday. Techcombank let the dollar slide 0.008% to VND24,850. The State Bank of Vietnam (SBV) set its exchange rate at VND23,669, also down …

VinFast had shipped its first batch of 999 cars to the U.S., capping a five-year bid to develop an auto production hub in Vietnam for markets in North America and Europe. The first cars are expected to be handed over to customers by the end of December, the company said. …

Only 38 townhouses and villas were sold in the southern region in October despite discounts of up to 50%, down 89% year-on-year. Property consultancy DKRA Vietnam’s s report on townhouses and villas in HCMC and the provinces of Binh Duong, Dong Nai, Long An, Ba Ria-Vung Tau, and Tay Ninh …

Vietnam’s fourth-biggest listed property developer Novaland said Citigroup has converted $1 million worth of its five convertible bonds into around 271,000 shares of the company. The conversion price, according to a Novaland statement dated November 22, was at VND85,000 ($3.42), while shares were trading at VND21,950 as of 0431 GMT …

Vietnam’s fourth-biggest listed property developer No Va Land said Citigroup has converted $1 million worth of its five convertible bonds into around 271,000 shares of the company. The conversion price, according to a No Va Land statement dated November 22, was at 85,000 dong ($3.42), while shares were trading at …