Friday , November 22 2024

Business

Business

VN-Index starts week with a 0.36% increase

Vietnam’s benchmark VN-Index rose 0.36% to 1,246.60 points Monday. The index closed 4.49 points higher after gaining 8.92 points in the previous session. Trading on the Ho Chi Minh Stock Exchange decreased by 4% to VND11.379 trillion (US$449.9 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 14 …

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Vietcombank names new chairman

Nguyen Thanh Tung, general director of Vietcombank, has been named the state-owned lender’s new chairman for the 2023-2028 term. Before he was appointed last Friday, the position had been vacant since the beginning of the year after the previous chairman, Pham Quang Dung, was made the deputy governor of the …

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HCMC monthly cost of living for 4: over $1,700

The average cost of living in HCMC for a family of four is VND44.2 million (US$1,750) a month, excluding rent and assuming no child is in private school. Food costs VND28.7 million, or 65%, if the family only eats out 10% of the time, Serbian cost of living database Numbeo …

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Lender VIB rewards 1,900 employees with ESOP shares

Vietnam International Bank (VIB) will reward 1,918 of its employees with 11 million shares that are currently worth around VND230 billion (US$9.08 million). Each will receive 1,000 to 620,000 shares depending on their position and productivity. The program will be carried out this year. Le Quang Trung, the lender’s director …

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