Wednesday , December 25 2024

Business

Business

VN-Index rises slightly

VN-Index rises slightly

Vietnam’s benchmark VN-Index rose 0.41% to 1,122.25 points Tuesday. The index closed 4.59 points higher after gaining 14.60 points in the previous session. Trading on the Ho Chi Minh Stock Exchange decreased by 3% to VND14.74 trillion ($605.96 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 17 …

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Malaysia relaxes requirements for long-term visa program

The Malaysian government has announced relaxed conditions for its 10-year visa program following repeated calls from tourism insiders amid a drop in the number of applicants. Under the revised version of the My Second Home program, there will be three tiers of silver, gold and platinum, with each having different …

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Real estate transactions fall by more than half

Real estate transactions fall by more than half

In the first nine months of this year the number of successful property transactions was only 41% of last year’s, according to a Ministry of Construction report. But the number of successful transactions in the first three quarters was barely 320,000. The number of land transactions was only 36% of …

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Gold prices plunge from new peak

Gold prices plunge from new peak

Gold prices on Tuesday jumped to a new peak in the morning but declined quickly in the afternoon. SJC gold bar price hit VND78.8 million ($3,239.47) per tael at 2:50 p.m., down 1.87% from a new record of VND80.3 million it established a few hours earlier. It, however, was still …

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Xuyen Viet Oil’s violations expose gaps in fuel sector

Xuyen Viet Oil's violations expose gaps in fuel sector

Fuel distributor Xuyen Viet Oil violated regulations but managed to conceal it besides defaulting on taxes worth VND1.5 trillion (US$62 million). The violations were uncovered and linked to the recent arrests of high-profile officials, including Deputy Minister of Industry and Trade Do Thang Hai, who is being investigated for receiving …

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