Sunday , November 24 2024

Business

Business

VN-Index reaches 10-week high

VN-Index reaches 10-week high

Vietnam’s benchmark VN-Index rose 0.62% to 1,128.93 points Thursday, highest since Oct. 16. The index closed 6.94 points higher after dropping 0.26 points in the previous session. Trading on the Ho Chi Minh Stock Exchange decreased by 20% to VND15.50 trillion ($639 million). The VN-30 basket, comprising the 30 largest …

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FDI surges 32% to $36B

Foreign direct investment pledges have topped US$36.6 billion for the year, a 32% jump from last year. Some $20.2 billion was invested in 3,188 new projects, up 62.2% and 56.6%, according to the Foreign Investment Agency (FIA). The rest went into expanding existing businesses and acquisition of stakes. A record …

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Gasoline prices remain steady, diesel rates experience increase

Gasoline prices remain steady, diesel rates experience increase

Gasoline rates remained largely unchanged on Thursday afternoon, while diesel prices experienced an increase for the second consecutive week. The popular fuel RON95 stayed the same as last Thursday at VND22,140 ($0.91) per liter, while biofuel E5 RON92 slipped 0.05% to VND21,180. Diesel jumped 1.33% to VND19,780. Global petrol prices …

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Gold prices in free fall

Gold prices in free fall

Gold bar prices experienced a decline on Thursday afternoon, following a directive from Prime Minister Pham Minh Chinh to minimize the disparity between domestic and international gold prices. Saigon Jewelry Company (SJC) gold bar slipped 4.40% from Wednesday to VNND76 million ($3,127.25) per tael as of 2:30 p.m. The precious …

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Depositors frustrated by plunging interest rates

Depositors frustrated by plunging interest rates

Depositors who enjoyed high returns last year due to elevated interest rates are now facing disappointment, as banks have dragged their rates to record low levels amid economic challenges Thu Huong, from Ho Chi Minh City, experienced this firsthand when she withdrew VND200 million ($8,225) after a 12-month deposit, earning …

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