I joined the stock market at the end of last year and stopped after a few months after more than a 50% stock account loss. Should I reinvest now? Stock investing is not my strength. Late last year, when the market was booming, like other first-time investors, I was intrigued …
Read More »Korean theater chain CGV pockets $361,000 a day
South Korean cinema chain CGV Vietnam reported average daily box office collections of over US$361,000 in the third quarter. Revenues from the unit of the Korean entertainment giant CJ CGV were KRW45.5 billion ($33.6 million), or 50 times the amount last year when Covid-19 was at its peak, but also …
Read More »ABB appoints new vice president for electrification smart power, buildings division
Doan Van Hien officially started as vice president in charge of electrification smart power and smart buildings on Nov. 1, in addition to his current role as vice president in electrification distribution solutions. In this new role, Hien will be functionally responsible for the overall electrification business in Vietnam including …
Read More »Property brokers struggle amid market slump
After the frenzied activity at the beginning of 2022 the real estate market has slowed down in recent months, causing many brokers to lose their jobs. While he easily earned thousands of dollars during the boom, Son, a freelance land broker in the Central Highlands province of Dak Nong, says …
Read More »Downtown Saigon street to set the table for ASEAN food fest
A food festival featuring signature ASEAN dishes will be held November 24-27 on downtown Saigon’s Le Loi Street, which has been freed from the shackles of a metro construction site. The food fest will be the first public event on Le Loi after seven years. The street, which used to …
Read More »Gold demand recovers to its pre-pandemic level
Vietnam’s gold consumption reached 45.6 tons the first nine months of 2022, compared to 45 tons during the same period in the pre-pandemic year of 2019. In Q3, the country’s gold demand more than tripled to 12 tons from 3.3 tons a year earlier. Bullion and coin sales rose to …
Read More »Trinh Van Quyet’s Rolls-Royce fails to sell in 3 auctions
The gold-plated Rolls-Royce Ghost and FLC Albatross yacht, which are collateral for the debts of FLC subsidiaries, will be auctioned for the fourth and third time respectively after previous sessions attracted no buyers. The four-seater car, which was custom-made for former FLC chairman Trinh Van Quyet, will be auctioned at …
Read More »128 million Novaland shares sold in one session
Over 128.5 million NVL shares of property developer Novaland Group were bought Tuesday in a roller-coaster trading day but still the ticker closed its 14th session at floor price. The ticker rose by nearly 4% in the morning but started to fall before noon and closed on the floor with …
Read More »Tech Champions 2022 acclaims Nyobolt’s fast-charging tungsten battery technology
Nyobolt’s tungsten battery technology, which allows for faster charging and extended battery life, was selected as a finalist for the Financial Times Tech Champions 2022. This year’s Tech Champions features energy as a focus of attention for innovators. Nyobolt, a startup funded by Masan High-Tech Materials, has outperformed excellent applicants …
Read More »Gold prices slip further
Gold price at the state-owned Saigon Jewelry Company (SJC) dropped 0.15% to VND67.4 million ($2,712) per tael Tuesday. Jewelry firm DOJI maintained its price at VND67.4 million. Gold prices in Vietnam have gained by over 9.3% since the beginning of the year. Vietnamese bought 12 tons of gold in the …
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