Sunday , November 24 2024

Business

Business

Airfares double as Tet holiday approaches

Airfares double as Tet holiday approaches

Air ticket prices for Vietnam’s upcoming biggest holiday Tet has doubled year-on-year as tourism demand resumed after a Covid-19 induced hiatus. A return trip from Ho Chi Minh City to Hanoi from Jan. 19 to 26, when most people return to their hometown to celebrate Vietnam’s Lunar New Year, which …

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Huawei, Xiaomi lead Vietnam’s smartwatch market

Huawei, Xiaomi lead Vietnam’s smartwatch market

Two Chinese manufacturers Huawei and Xiaomi led Vietnam’s smart wearables market in the second quarter with a combined market share of 36.5%. Huawei rose to the first place and replaced Samsung with a 18.5% share, followed by Xiaomi, 18%, according to estimates of an industry report seen by VnExpress which …

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Businesses struggling amidst post-pandemic recovery

Businesses struggling amidst post-pandemic recovery

Although economic figures indicate a healthy post-pandemic recovery, large numbers of businesses are still being dissolved, indicating the need for more government support, concerned lawmakers say. Vietnam’s GDP expanded by 8.8% in the first nine months and is set to grow at 8% for the whole year, but the period …

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15.5% of stocks close at price ceiling

15.5% of stocks close at price ceiling

Vietnam’s benchmark VN-Index surged 3.49% to 1,028.01 points Thursday, with 82 out of 529 tickers on the main bourse Ho Chi Minh Stock Exchange hitting price ceiling. The index closed 34.6 points higher after losing 4.3 points Wednesday. It is now at a seven-day high. Trading on the HoSE increased …

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Dollar dips marginally at commercial banks

Dollar dips marginally at commercial banks

The U.S. dollar on Thursday depreciated for the second time by 0.2% to VND24,877 after a strong gaining streak in the last several weeks. At Vietcombank the dollar has weakened against the dong by 0.4% since Tuesday. Still, the greenback is 8.5% stronger since the beginning of the year. The …

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