An investor at Bảo Việt Securities Co’s trading floor in Hà Nội. The VN-Index inched up 0.2 per cent yesterday. VNA/VnExpress News Photo Trần Việt HÀ NỘI — Shares bounced back slightly on Wednesday after a brief fall in the previous session, driven by growth of banks, while realty …
Read More »Vietnam to lead recovery in Southeast Asia: ADB
The Vietnam economy is expected to rebound to 6.5 percent this year and further expand to 6.7 percent in 2023, the highest in Southeast Asia. The regional average will be 4.9 percent in 2022 and 5.2 percent in the next year, according to a report released Wednesday by the Asian …
Read More »Seven Vietnamese billionaires named on Forbes rich list
The seven Vietnamese billionaires on the Forbes list. — Photo cafef.vn HÀ NỘI — Seven Vietnamese names are among the 2,668 of dollar billionaires worldwide as per Forbes’ latest update to its annual rich list. The wealthy seven are Chairman of Vingroup Phạm Nhật Vượng, CEO of VietJet Air Nguyễn Thị Phương Thảo, …
Read More »VN-Index inches up on banking stocks
Vietnam’s benchmark VN-Index rose 0.19 percent to 1,522.9 points Wednesday with banking tickers leading blue chip gains. The index started to rise in the last hour of trading and closed 2.87 points higher. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, climbed by …
Read More »ADB: VN set for a strong economic rebound
A view of Hà Nội’s elevated railway line. VNA/VnExpress News Photo HÀ NỘI — Việt Nam’s economy is expected to make a strong come back this year with a 6.5 per cent growth forecast, said economists from the Asian Development Bank (ADB) during a press conference yesterday in Hà …
Read More »Leading restaurant company in the red for first time
Golden Gate, owner of popular restaurant chains like Kichi Kichi and Gogi House, made its first ever losses last year and attributed it to the impacts of Covid-19. It reported a loss of VND430 billion (US$18.8 million) on revenues of VND3.32 trillion, down 27 percent from 2020. The gross profit …
Read More »US initiates anti-dumping investigation into solar panels imported from Việt Nam
Solar panels were under an anti-dumping investigation carried out by the US. — VNA/VnExpress News Photo Lê Đức Hoảnh HÀ NỘI — The US Department of Commerce in late March initiated an anti-dumping and countervailing investigation on solar modules imported from Việt Nam, Thailand, Malaysia and Cambodia, according to the …
Read More »Ministry to continue tightening bond market after Tân Hoàng Minh scandal
Money being counted at a bank office. Photo baotintuc.vn HÀ NỘI — After the cancellation of nine bond issuances of Tân Hoàng Minh Group, the Ministry of Finance (MoF) is drafting, amending and supplementing Decree 153 on offering and trading corporate bonds, which proposes stricter condition for bond issuers, especially in private …
Read More »New platform brings Việt Nam and Thailand closer
The launch ceremony of ThaiCham took place on April 5 at the Royal Thai Embassy in Hà Nội. Photo vovworld.vn HÀ NỘI — The Thai Chamber of Commerce and Industry (ThaiCham), previously the Thai Business Association (TBA), was officially inaugurated on Tuesday in Hà Nội. Speaking at the launching ceremony, Thai …
Read More »Animal feed prices continue to rise, farmers in distress
Blaming rising costs, animal feed producers have announced a 5 percent hike in prices, a move certain to increase the burden on farmers. CP Vietnam, the country’s biggest animal feed producer, adjusted the prices of its fish feed products up by VND400 per kilogram Monday. Last month it had increased …
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