Business

Chinese fruits are flooding into Vietnam as their improved quality and affordability convince local consumers to reduce their prejudice regarding the neighbor country’s produce. Hang, a vendor at Can Cu Market in Go Vap District, said there are now six types of grapes sold in Vietnam, compared to two in …

The purchasing managers’ index (PMI) rose to 52.7 in August from 51.2 in July, the latest survey from S&P Global showed on Monday. Manufacturing expanded in August for a fifth consecutive month. This signaled a solid improvement in the health of industrial production and a return of momentum after a …

Vietnam’s benchmark VN-Index stayed at 1,277.4 points Tuesday with foreign investors net selling for the sixth consecutive session. The index peaked at 1,286.62 points in the morning but gradually fell in the afternoon. It closed 0.05 points higher after losing 3.16 points on Monday. Trading on the Ho Chi Minh …

Vietnam’s VND350 trillion ($14.86 billion) economic recovery package, established to boost growth after two years of Covid-19, has been disbursed by 16% after eight months. This means VND55 trillion has been provided as subsidy, tax waivers and loans to citizens and businesses as of Sept. 2, according to the Ministry …

The Ho Chi Minh Stock Exchange (HoSE) will allow trading of odd lots (one to 99 shares) starting next Monday after a 21-month suspension. But odd lots have to be sold separately and not clubbed with trading of a standard lot (100 shares), meaning an investor who wants to sell …

An earlier start to the 2023 Vietnamese Lunar New Year and a longer break are needed to ensure workers can travel to their hometowns and families, businesses have said. The Ministry of Labour, Invalids and Social Affairs is soliciting opinions about its two alternative proposals for the country’s most important …

Coolmate, a Vietnamese menswear brand sold online, has raised $2.3 million from GSR Ventures and Do Ventures as an addition to its series A round. This brings the round’s total size to $4.3 million. Coolmate said the funding will be used to “accelerate the completion of the supply chain” for …

Vietnam’s gasoline prices fell 1.56-1.74% on Monday while diesel prices surged 6%. A liter of RON 95 now costs VND24,230 ($1.03), down 1.74%. That of biofuel E5 RON 92 costs VND23,350, down 1.56%. Monday’s was the seventh consecutive downward adjustment made to gasoline prices, which have brought prices down by …

Vietnam’s benchmark VN-Index dropped 0.25% to 1,277.35 points Monday, losing 3.16 points after the holiday break. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 5.51% to VND13.4 trillion ($569 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 21 tickers dropped. MWG of electronics retail …

Ride-hailing firm Be Group has got a US$60-million credit line from Deutsche Bank as it seeks to expand in the Grab-dominated Vietnamese market. The contract includes a provision to increase the loan amount to $100 million, Be Group said in a statement. “This financing will facilitate Be Group’s ambition to …