Business

Most of Vietnam’s 1.3 million electronics workers perform simple tasks classified as low-value manufacturing, the Vietnam Chamber of Commerce and Industry has said. The electronics sector accounted for a third of total exports at US$108 billion last year, and employed 1.3 million workers. But most were “cheap labor” who performed …

Vietnam’s benchmark VN-Index surged 1.34 percent to 1194.14 points Wednesday with trading hitting the highest in four weeks. The index closed 15.8 points higher after gaining 1.8 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 25.8 percent to VND14.17 trillion ($605.04 million), highest since …

Vietnam’s GDP growth is set to exceed 10 percent in Q3 due to the low base in the same period last year caused by Covid-19 restrictions, investment fund VinaCapital forecasts. “We believe that a 10 percent year-on-year GDP print for Q3 would be a major catalyst for investors to pour …

A report by HSBC and auditing firm KPMG labels 10 startups as “emerging giants” amid a surge in entrepreneurship driven by a young population and supportive government policies. Property platform Propzy, blockchain game developer Sipher and e-commerce platform Sendo secured the top three places in Vietnam in the 2022 Emerging …

All ferry services to and from Phu Quoc Island were suspended for the second time in a week Wednesday due to rough seas. On average, there are 30 daily ferry and boat trips carrying tourists from Rach Gia and Ha Tien towns to Phu Quoc, a tourist hotspot famous for …

“All our income is in USD while most expenses are in VND, which means we gain when we exchange the USD to VND to pay salaries and rents,” said Pham Thi Chau. Chau, head of human resources from the electronics manufacturer Vexos Vietnam in District 7, Ho Chi Minh City, …

Vietnam’s benchmark VN-Index rose 0.16 percent to 1,178.33 points Tuesday. The index stayed in the red most of the day, but a late buying surge helped it close 1.84 points higher. Trading on the Ho Chi Minh Stock Exchange increased by 0.25 percent to VND11.26 trillion ($480.9 million). The VN-30 …

Vietnamese are buying more Euros as the currency plunges to its lowest value in two decades, either for cheap travel to Europe or as an investment for the future. “I wanted to buy more but the exchange asked me to come back in the afternoon as they have run out …

Hong Kong-based conglomerate Swire Pacific is offering $1 billion for Coca-Cola’s bottling operations in Vietnam and Cambodia, a move to expand its presence in the Southeast Asian market. Swire Pacific will pay Coca-Cola Indochina, which produces and sells Coca-Cola products in both countries, $1.015 billion in cash, South China Morning …

Vietnam’s benchmark VN-Index rose 0.16 percent to 1,178.33 points Tuesday. The index stayed in the red most of the day, but a late buying surge helped it close 1.84 points higher. Trading on the Ho Chi Minh Stock Exchange increased by 0.25 percent to VND11.26 trillion ($480.9 million). The VN-30 …