Business

Vietnam has set its reference rate for the Vietnamese dong at a record low as the greenback strengthens globally amid economic uncertainty. The State Bank of Vietnam (SBV) on Thursday set the reference rate for the Vietnamese dong at VND23,281, the weakest since at least 2005, according to data compiled …

Phu My Hung The Horizon project is situated in a prime location near The Crescent Lake, meeting the demand for luxury real estate. According to Coldwell Banker Real Estate’s The Report: 2022 Global Luxury Market Insights, the world’s affluent population – those with a net worth of $5 million or …

There is a big risk that cryptocurrencies will be used in Vietnam for laundering money since there is no legal framework to regulate them, a lawmaker has said. Vietnam is among the top countries globally in terms of cryptocurrency ownership but it does not even recognize the asset, Duong Van …

The International Monetary Fund has raised its economic growth forecast for Vietnam this year from 6% to 7%, which is the only significant upward revision among major Asian economies. Vietnam’s upbeat growth outlook bucks the weakening growth trend elsewhere in Asia, the IMF notes. It has lowered estimates for the …

Singapore-based property platform 99 Group is reported to be exploring options to purchase Vietnamese proptech startup Propzy. Propzy is one of a dozen potential targets in Southeast Asia for the group, signaling its intention to expand after raising $37 million in a round led by Gaw Capital. But the deal …

Vietnam’s benchmark VN-Index dropped 2.68 percent to 1243.17 points Wednesday to the lowest in five weeks. The index closed 34.23 points lower, its biggest plunge since June 20. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 39.63% percent to VND20.33 trillion ($861.79 million). The VN-30 basket, comprising …

Japan officially reopened its borders to tourists from Vietnam from Wednesday and exempted quarantine and Covid tests for those with three shots of an approved Covid vaccine. Those having got a third dose of one of the vaccines from Pfizer, AstraZeneca, Moderna, Janssen, Bharat Biotech and Nonavax do not need …

The State Bank of Vietnam (SBV) will provide more credit quotas to “healthy banks” as many lenders have met their loan limits. By the end of August, credit growth had reached 9.91%, much higher than the same period last year, with banks having reached their maximum credit quotas, said Deputy …

Credit rating agency Moody’s has upgraded Vietnam’s rating from Ba3 to Ba2 thanks to its growing exports and manufacturing sector, and changed its outlook from positive to stable. “The upgrade to Ba2 reflects Vietnam’s growing economic strengths relative to peers and greater resilience to external macroeconomic shocks that are indicative …

Lam Dong Province authorities have instructed travel companies not to organize activities including camping for tourists inside the Tuyen Lam National Tourist Site and Bidoup Nui Ba National Park. This is to ensure safety during the ongoing rainy season, they said. The two sites near Da Lat are surrounded by …