The province currently has 426 enterprises operating in industrial parks, with an occupancy rate of about 70 per cent. The production line of Nichirin Vietnam Co Ltd, which is 100 per-cent invested by Japan, at Quang Châu Industrial Park, Việt Yên District, Bắc Giang Province. — VNS File Photo BẮC GIANG …
Read More »Investment funds seek new growth opportunities
They are currently focussing on capitalising on opportunities in sectors that exhibit robust resilience or the ability to go against the cycle. Investment funds keeping a close eye on the country’s renewable energy sector for potential investment opportunities. — VNA/VNS Photo HÀ NỘI — Investment funds are currently focusing on …
Read More »Banks to develop roadmap to comply with share ownership cap policy
According to the Law, which took effect from July 1 this year, institutional shareholders will need to lower the percentage of shares they hold in a credit institutions from 15 per cent to 10 per cent Customers make transactions at a Saigon Commercial Bank office. The ownership cap by an institutional …
Read More »Tax watchdog to put retailers selling through livestreaming under scrutiny
The General Department of Taxation has asked local tax authorities to review and make lists of retailers selling through livestreaming on platforms such as YouTube, Facebook and Tiktok to carry out risk-based inspections. A seller livestreams at Tủa Chùa night market in Điện Biên Province. The General Department of Taxation …
Read More »Foreign exchange rate cools rapidly
On Wednesday, the central exchange rate of the Vietnamese đồng against the US dollar was listed by the SBV at VNĐ 24,246 per dollar, down VNĐ5 compared to the previous day. A bank teller counts the dollar at a transaction office in Hà Nội. The interbank exchange rate has decreased …
Read More »VN-Index surges as global stocks stay mostly steady
Vietnam’s benchmark VN-Index rose 0.90% to 1,284.05 points Wednesday as global shares saw minor changes. The index closed 11.50 points higher after gaining 10.93 points in the previous session. Trading on the Ho Chi Minh Stock Exchange increased by 9% to VND20.651 trillion (US$828 million). The VN-30 basket, comprising the …
Read More »Expo promotes seafood exports, domestic consumption
The VIETFISH International Seafood Exhibition that opened in HCM City on August 21 provides a forum for businesses to network and explore business opportunities, update themselves on the latest trends in the industry and underline Việt Nam’s seafood quality and global status. Delegates cut the ribbon to open VIETFISH 2024 at …
Read More »4,500 workers from Indian billionaire’s company on incentive tour to stay at 5-star hotels
Some 4,500 people working for a major Indian pharmaceutical company and on an incentive tour to Vietnam starting later this month are booked into five-star hotels in Hanoi. They will arrive in Vietnam in six groups from August 26 to 28, accompanied by the owner of Sun Pharmaceuticals and one …
Read More »EuroCham recommends Việt Nam develop legal framework for green transition
The Vietnam Chamber of Commerce and Industry (VCCI) held a national forum on promoting the Việt Nam – EU partnership and sustainable development in HCM City on August 21, aiming to bolster the cooperation between Vietnamese businesses and the EU market. Võ Tân Thành, deputy chairman of VCCI, delivers the …
Read More »Dollar strengthens against dong as Malaysian ringgit continues to rise from 18-month high
The U.S. dollar rose against the Vietnamese dong Wednesday morning as Malaysian ringgit strengthened after hitting 18-month high levels. Vietcombank sold the dollar at VND25,100, up 0.08% from Tuesday. The State Bank of Vietnam lowered its reference rate by 0.02% to VND24,246. The dollar was stable at VND25,420 on the …
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