Sunday , November 24 2024

Business

Business

Bumpy ride for auto industry in 2023

Bumpy ride for auto industry in 2023

The year that is ending was a modest one for the automobile industry marked by a plethora of discounts that failed to sustain sales, recalls and entry by Chinese brands. Almost all brands, both popular and high-end, domestic and foreign, offered discounts to spur the weak demand. The discounts were …

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Dollar hits six-week high

Dollar hits six-week high

The U.S. dollar rose against the Vietnamese dong Wednesday morning to the highest since Nov. 14. Vietcombank sold the dollar at VND24,530, up 0.25% from Tuesday. The State Bank of Vietnam raised its reference rate by 0.06% to VND23,885. The greenback went up 0.08% to VND24,820 on the black market. …

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Gold prices remain upbeat

Gold prices remain upbeat

SJC gold price rose 1.59% to VND79.7 million ($3,269.74) per tael. On Tuesday gold price surged to a new peak of VND80.3 million per tael but plunged quickly and closed the day at VND78.45 million. Gold ring price went up 1.11% to VND63.8 million per tael. A tael equals 37.5 …

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Vietnamese second largest group in South Korea’s foreign workforce

Vietnamese nationals have become the second-largest group in South Korea’s foreign workforce, outnumbered only by ethnic Koreans holding Chinese nationality. Workers check the examination room list for the Korean Language Proficiency Test in Hanoi in 2016. Photo by VnExpress/Giang Huy According to The Korea Herald, data compiled by Statistics Korea …

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FLC fails to extend repayment of $41M bonds

FLC fails to extend repayment of $41M bonds

Embattled property developer FLC offered investors three options for rolling over nearly VND1 trillion ($41 million) worth of bonds, but they rejected all of them. The bonds issued in December 2021 and will mature on Thursday. All three options involved extending redemption by 24 months at a fixed interest rate …

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