Business

Vietnam Maritime Commercial Join Stock Bank reported pre-tax profits of over VND1.49 trillion (US$60 million) for the third quarter, a 47 percent jump year-on-year. It took its profits for the year to date to VND4.824 trillion, an increase of 17%. Its earnings per share stood at VND2,516 on September 30, …

Food and animal feed producer Dabaco Group reported a nine-fold profit jump in the third quarter from the first half of the year, partly thanks to its housing business. Its after-tax profits for the quarter were VND206 billion (US$8.3 million), as against VND8.6 billion in the first quarter and VND14.2 …

Although cryptocurrencies are not legal tender in Vietnam, they are being traded often and therefore, should be regulated, says Prime Minister Pham Minh Chinh. At a National Assembly meeting on drafting laws against money laundering, Chinh and several lawmakers discussed transactions in virtual currencies and how to prevent such currencies …

The State Bank of Vietnam would increase the ceiling of deposit interest rates, with terms from 1 month to below 6 months, by 1 percentage point to 6% a year, effective Tuesday. This is the second increase in a month amid rising global inflation and strengthening U.S. dollar, it said …

The central bank would increase the ceiling of deposit interest rates, with terms from 1 month to below 6 months, by 1 percentage point to 6% a year. This is the second increase in a month amid rising global inflation and the U.S. dollar hike, the bank said Monday. Quyết …

FLC has sold its headquarters in Hanoi, known as Bamboo Airways Building, to private firm Gateway Hanoi for VND2 trillion ($80.53 million). The 38-floor building, located on 265 Cau Giay Road in Cau Giay District, opened in 2019. FLC used the building as collateral for its debts in 2000 to …

International airfares for Christmas and Tet holidays have surged by 30-70% from pre-pandemic levels as airlines struggle to resume all flights. Oanh in Ho Chi Minh City has not been able to find affordable tickets to Asian locations like in previous years for flights during December and Vietnam’s Lunar New …

Vietnam’s benchmark VN-Index plunged 3.3% to 986.15 points Monday, lowest in 23 months, with one third of blue chips hitting the floor. The index closed 33.7 points lower in its fourth losing session, after plunging 38.6 points Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the …

The U.S. dollar gained 0.06% over the Vietnamese dong Monday to a new peak of VND24,885 at Vietcombank. Its value has surged 8.6% this year at the state-owned lender. Other lenders, including Sacombank and Eximbank, also hiked the rate to VND24,885, the maximum rate allowed Monday. The State Bank of …

VinFast said Monday it has received a $135 million financing package led by the Asian Development Bank (ADB), part of a push by the bank to boost climate-friendly investments in the region. VinFast, the auto arm of Vietnam’s largest conglomerate Vingroup JSC, said last year it planned to raise at …