Saigon Jewelry Company gold bar price jumped 2.24% to VND77.45 million ($3,160.58) per tael Saturday morning. Gold ring price went up 0.32% to VND63.5 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices scaled a one-week peak on Friday as an escalation in the Middle …
Read More »Vietnam’s first electrified vehicle exhibition opens
Dozens of hybrid and pure electric car models are on display at Yen So Park in Hanoi at an exhibition that opened on Saturday. The Electrified Vehicle Exhibition 2024, organized by VnExpress, is the first exhibition held in Vietnam dedicated to electrified vehicles, with the participation of many famous brands. …
Read More »Hà Nội to promote industrial development
A supermarket designs a separate area to market Vietnamese agricultural products. VNA/VNS Photo HÀ NỘI – Given the many difficulties and challenges expected this year, the Hà Nội Department of Industry and Trade must have specific solutions to promote the capital city’s industrial development, said Nguyễn Mạnh Quyền, Vice Chairman …
Read More »SBS sees long-term investment risks in VOSCO
A container vessel of VOSCO. — Photo vosco.v HÀ NỘI — After more than 50 years of operation, Viet Nam Ocean Shipping JSC (VOSCO) is struggling as a global economic slowdown and intensifying competition within the industry have caused a decline in transportation demand, said SBS Securities. As a result, the …
Read More »New credit policy to encourage social housing, industrial park development
View of a social housing project in Hà Nội. The credit risk-weighted (CRW) indicator for loans to buy social houses and houses under Government’s support programmes and projects will be reduced by a half to a maximum of 50 per cent. Photo vneconomy.vn HÀ NỘI — The State Bank of …
Read More »Saudi royals’ net worth quadruple Musk, Gates combined
The ruling royal family of Saudi Arabia holds an estimated total net assets worth US$1.4 trillion, four times the combined value of two of the world’s top billionaires. Meanwhile, the net worth of Tesla founder Elon Musk is estimated at $236.1 billion, and Microsoft founder Bill Gates at $119.7 billion …
Read More »Big 4 banks represent 41.9% of total credit, 50% of total deposits
Customers make transactions at a Vietcombank office in Hà Nội. The Big 4 banks pumped a total of more than VNĐ684.8 trillion into the economy in 2023. VNA/VNS Photo HÀ NỘI — Việt Nam’s four largest commercial banks – Vietcombank, BIDV, Agribank and VietinBank (the Big 4) – in 2023 …
Read More »Condo prices maintain an upward trend despite gloomy market
At the end of 2023, the average primary selling price in Hà Nội reached VNĐ53 million per sqm, up 14.6 per cent year on year. —VNA/VNS Photo HÀ NỘI — Condominium market prices in both Hà Nội and HCM City maintain an upward trend this year, according to CBRE …
Read More »Hi-tech waste-to-energy plant opens in Bắc Ninh
Delegates at the opening ceremony of the waste-to-energy plant in Ngu Thai commune, Thuan Thanh town, Bac Ninh province. — VNA/VNS Photo BẮC NINH – A hi-tech waste-to-energy plant was inaugurated in Ngu Thai commune, Thuận Thành township in the northern province of Bắc Ninh on January 11. The plant, a cooperation project …
Read More »Investors’ profit-taking triggers stock market decline, large-cap stocks suffer
A production line of dairy firm Vinamilk (VNM). VNM lost 1 per cent yesterday. VNA/VNS Photo HÀ NỘI – Large-cap stocks faced profit-taking, leading to a decline in share prices on Friday across both national exchanges, following two consecutive sessions of market advancement. The benchmark VN-Index lost 0.65 per cent …
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