Business

The minimum wage – minimum living standard gap has been widening for years, but there is no solution in sight as workers struggle to make ends meet. Vietnam first introduced the “minimum living standard” term in its 2012 Labor Law, which requires that the minimum wage must meet the minimum …

Vietnam gasoline prices dropped by 2.2-2.3 percent Monday, the first time after seven consecutive upward adjustments since Dec. 10, 2021. The price of popular gasoline RON 95 decreased by VND630 to VND28,330 per liter, while that of biofuel E5 RON 92 fell VND650 to VND29,190. ($1 = VND22,875) The prices …

  Novaland (NVL)’s office in An Phú Ward, District 2, HCM City. NVL rose 6.9 per cent Monday. — Photo courtesy of Novaland HÀ NỘI — Shares had a good start on Monday thanks to the growth of real estate and insurance stocks. On the Hồ Chí Minh Stock Exchange …

Vietnamese startups have great expectations of the blockchain technology, envisaging practical e-commerce and entertainment impacts as the country pursues digital transformation. “We dream of becoming a billion-dollar company,” said Nguyen Tuan Quynh, chairman of book distributor Saigon Books, as he talked about a new project which uses blockchain in podcast …

Vietnam’s benchmark VN-Index surged 1.76 percent to 1,494.95 points Monday, its biggest gain in nearly eight weeks, as global indexes rose amid continuing peace talks between Russia and Ukraine. The index started off in the green and went up gradually to close nearly 26 points higher in its fifth straight …

International Dairy JSC has cut its 2022 profit forecast by half as a result of a sharp decline in demand for dairy products. Its board expects sales to rise by 14 percent to VND5.5 trillion (US$240 million), but pre-tax profits to drop by 45 percent to VND570 billion. Its management …

  Satvinder Singh. Photo courtesy of the ASEAN Secretariat   By Satvinder Singh* In 2009, against the worst global economic crisis since the Great Depression, the Association of Southeast Asian Nations (ASEAN) signed the ASEAN Trade in Goods Agreement (ATIGA) furthering its commitment to an open and integrated regional trade. On March …

  A view of HCM City. — VnExpress News Photo Việt Thanh HCM CITY — National Assembly Chairman Vương Đình Huệ has praised HCM City for its socio-economic recovery, but urged it to continue its efforts to contain the COVID-19 pandemic while improving its business climate, supporting businesses and speeding up public spending. …

While many companies were driven out of business by the pandemic in the last two years, three drugstore chains have been in a race to open new outlets. Pharmacity, Long Chau and An Khang have been opening up to several stores a day since the pandemic began, and their competition …

  Farmers in Đồng Tháp Province classify mangoes for export. Photo vnexpress.net HCM CITY — Việt Nam exported more than 600,000 tonnes of mangoes worth US$310 million to 53 countries and territories last year, up by almost half from 2020. They went to Russia, the US, South Korea, the EU, Australia, …