Business

VN-Index plunged 4% Friday morning to around 975 points, with several blue chips hitting the floor. 431 tickers, or 91% of all stocks on the Ho Chi Minh Stock Exchange, was in the red at 11:20 a.m. The index was losing 43 points after falling 13 points in the last …

The sharp depreciation in the Japanese yen and Taiwanese dollar means Vietnamese workers in the two places are getting paid millions of dong (VND1 million= $40.2) a month less than they had expected. Hoang Quoc Thang has been unable to remit any money home due to the depreciation of the …

Challenges in the property market will likely persist as supply fails to match demand and credit policies remain tight, Minister of Construction Nguyen Thanh Nghi said Thursday. Developers are facing difficulties in constructing new projects in many localities and therefore supply is falling, he told lawmakers at the ongoing National …

Vietnam–China trade is set to advance with border commerce activities increased after the visit of General Party Secretary Nguyen Phu Trong, analysts say. The economic partnership between both countries is set to be bolstered after a joint statement was issued, and the chance of increasing trade is high, Nguyen Vinh …

Construction of a $1-billion Lego plant began Thursday in the southern province of Binh Duong. Covering 44 hectares in Vietnam-Singapore Industrial Park 3, the plant is scheduled to create some 4,000 jobs and launch its first products in 2024. This is the sixth plant of the Danish toy company in …

The Ministry of Industry and Trade has requested state-run gasoline and oil wholesalers to sell their commercial reserves to mitigate fuel shortages in some localities. Minister of Industry and Trade Nguyen Hong Dien on Wednesday asked PVN, Petrolimex, Mipec, Petimex and Thanh Le General Import-Export Trading Corporation to sell their …

Vietnam’s benchmark VN-Index dropped 0.33% to 1,019.81 points Thursday with trading plunging double-digit. The index closed 3.38 points lower after losing 10.56 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 22% to VND7.87 trillion ($316.51 million). The VN-30 basket, comprising the 30 largest capped …

Vietnam and China have signed a protocol on banana exports, effective for five years, as the former seeks to increase the sale of the fruits to the latter via official quota. The protocol requires Vietnam to export bananas to China within 10-16 weeks after flowering, complete with origin traceability. The …

The Ministry of Public Security has requested Hanoi authorities to temporarily suspend the share transfer of 762 companies related to property developer Van Thinh Phat which is allegedly involved in a fraud. Apart from these companies, the Hanoi Department of Investment and Planning has ordered 14 individuals related to Van …

By using insecurity to inspire innovation, pen maker Thien Long has seen its profit rise 137% in the first eight months this year, said CEO Tran Phuong Nga.     Thien Long CEO: ‘Use insecurity as a motivator for innovation’ CEO Thien Long: ‘Using insecurity as a motivator for innovation’