Business

Diversified company Imex Pan Pacific Group (IPPG) posted a record high revenue from fashion and watches at VND3.69 trillion ($148.55 million) in the first nine months. This is an increase of 98% from the low base last year and 45% from 2019 when Covid-19 had yet to affect retail sales. …

Vietnam’s benchmark VN-Index dropped 2.2% to 975.19 points Monday in its fourth losing session, lowest since November 18, 2020. The index closed 21.96 points lower after losing 22.66 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 18.24% to VND10.56 trillion ($425.12 million). The VN-30 …

Stock brokerages are increasing leverage loan interests by around 2% points to 14% a year after the central bank hiked its policy rates twice last month. VNDirect on Monday upped its leverage interest rate from 11.88% to 13.8%, and provided the incentive rate of 10.9% to investors who select tickers …

Vietnam Airlines will allow passengers at all 22 Vietnamese airports to check in online starting this month, the first airline to do so nationwide. The new policy will be effective Monday for most airports, except for Ca Mau Airport and Rach Gia Airport, where it will enter effect Tuesday and …

Nearly 88% of property stocks hit the floor Monday as VN-Index is set to close its fourth straight session in the red. Out 81 property stocks on the Ho Chi Minh Stock Exchange and Hanoi Stock Exchange, 71 were declining as of 2 p.m., among them 35 were at floor …

The Ministries of Planning and Investment and Transport will study the possibility of building high-speed rail across Vietnam to transport both passengers and cargo. The dual-gauge railway, with design speeds of 250 kilometers per hour and operational speeds of 180-225 kph, is required as rail only carries 6% of passengers …

Garment and textile, seafood and woodwork production has slowed down as orders have dried up amid high inflation in some key export markets. “I’m a bit worried and focusing on obtaining orders,” Pham Quang Anh, founder and CEO of Dony Garment Company, said. His company is focusing on the domestic …

Many shipping firms have earned profits surpassing their annual target in the first nine months of the year, riding a wave of high demand and high freight rates. The Petrovietnam Transportation Corporation recorded after-tax profits of nearly VND390 billion ($15.7 million) in the third quarter, more than 2.5 times year-on-year. …

The Dung Quat Refinery in central Vietnam has increased production to 112% of capacity, as several localities struggle with gasoline shortages. According to the refinery operator, Binh Son Refining and Petrochemical (BSR), production was steadily increased to 112% from the night of November 5 to the morning of November 6 …

The Saigon Jewelry Company (SJC) hiked the price of gold by VND400,000 ($16.08) per tael to VND67.7 million Saturday morning. This is the biggest increase by the state-owned firm since the beginning of August. A tael equals 37.5 grams or 1.2 ounces. Jewelers sold gold rings for VND53.3 million per …