Business

The government has issued a new decree to tighten regulations on purchase of corporate bonds to protect amateur investors from fraud. It requires “professional” bond investors to maintain an asset of at least VND2 billion ($84,477) in the six months prior to purchase. The asset must not contain debts. This …

Prime Minister Pham Minh Chinh has called on China to create policies that ease entry for Vietnamese goods, especially agriculture produce. Speaking with PM Li Keqiang by phone Tueday, he said the two countries should work together to “maintain stable bilateral growth”. China should streamline its border trade regulations, increase …

Vietnam has exported fresh durian to China under the official quota for the first time, and bigger volumes are likely in future, Thai and Malaysian competition notwithstanding. For years the fruit was exported to China unofficially, but recently Chinese authorities approved 76 origin codes for durian farming areas in Vietnam …

Do Thanh Nhan, former chairman of Louis Holdings, reaped illicit gains of more than VND153 billion ($6.46 million) from stock market manipulation, investigators allege. The investigators from the Ministry of Public Security has proposed that Nhan, arrested in April for suspected stock market manipulation. be prosecuted for the crime. The …

Global semiconductor makers are betting on Vietnam as their next production destination with the country being considered ready for a move up in the value chain. The U.S.’s Synopsys, one of the world’s biggest chip design software companies, is set to invest in and shift its engineer training to Vietnam, …

Vietjet Air will launch two direct routes connecting the central city of Da Nang with India’s New Delhi and Mumbai next month as part of its post-pandemic recovery efforts. Truong Thi Hong Hanh, director of the city’s Department of Tourism, said at a conference last weekend this would be the …

Do Thanh Nhan, former chairman of Louis Holdings trading firm, was accused of manipulating the stock market to earn more than VND153 billion ($6.46 million). Investigators of the Ministry of Public Security has proposed that Nhan; Do Duc Nam, general director of brokerage firm Tri Viet Securities; Trinh Thi Thuy …

The U.S. dollar continued its recent rally, climbing to a fresh peak of over VND23,800 against the dong after some banks continued to raise its price Monday. The State Bank of Vietnam (SBV) set the reference rate for the Vietnamese dong at VND23,295 Monday morning, leaving the Vietnamese dong at …

HAGL Group chairman Doan Nguyen Duc said his firm has “escaped death” and begun a new chapter after 10 years of operating in the agriculture sector. “Our results had hit rock bottom, but now they are on track to recover. We are confident of our targets,” Duc said last Saturday …

Vietnam should not let the dong slide further as maintaining a stable currency exchange rate is key to controlling inflation, experts said at an economic forum Sunday. A stable currency is the final layer of defense against inflation, and if it breaks, inflation will flood in and create many difficulties, …