Wednesday , December 25 2024

Business

Business

Dollar falls against dong on black market

Dollar falls against dong on black market

The U.S. dollar fell marginally against the Vietnamese dong on the black market Saturday morning. Unofficial exchange points sold the greenback at VND24,720, down 0.08% from Friday. Vietcombank kept the dollar steady at VND24,400. The State Bank of Vietnam’s reference rate was stable at VND23,915. The dollar has increased against …

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Thai firm buys another packaging firm in Vietnam

Thai firm buys another packaging firm in Vietnam

Thailand’s SCG Packaging has acquired a 70% stake in Starprint Vietnam, one of the country’s top printed carton packaging firms, for VND676 billion (US$27.88 million). The deal, completed this week by the subsidiary of SCG Group, values Starprint at VND965 billion. SCG Packaging’s CEO, Wichan Jitpukdee, said the deal would …

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Domestic air travel to drop in 2024

The number of domestic air passengers is expected to decrease 8% next year, primarily due to airlines eliminating routes with low demand and the likelihood of increased ticket prices driven by escalating fuel costs. Local airlines have scaled down their fleet size due to difficulties in recovering post-Covid, the Civil …

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Low demand halves giant freshwater prawn prices

Low demand halves giant freshwater prawn prices

Low spending, combined with massive harvests and foreign competition, have slashed Vietnam’s giant freshwater prawn prices 25-50% on some markets. Southern farmers in the Mekong Delta are direct-selling the prawns for VND90,000-100,000 (US$3.59-3.99) per kilogram, 25% cheaper than the same period last year. Hung, who owns a 1-hectare giant freshwater …

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M&A activities drive vibrant water industry deals

  Facilities of Bình Dương Water Environment JSC (Biwase). Photo biwase.com.vn HÀ NỘI There has been a significant surge in merger and acquisition (M&A) activities within the water industry in recent times. DNP Water Investment Joint Stock Company (DNP Water) has recently registered to acquire nearly 20.4 million shares of Saigon Water …

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Tax target met early this year

  Tax officials at an information centre under the General Department of Taxation in Hà Nội. VNA/VNS Photo Minh Quyết  HÀ NỘI Việt Nam’s budget revenue met its target early this year, according to Mai Xuân Thanh, director-general of the General Department of Taxation. Thanh said by December 21, the general department …

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More foreign travellers to visit Việt Nam: Travel sites

  A view of Hàng Đậu Water Tower in Hà Nội Capital City. Việt Nam remains the destination of many foreign tourists. — VNS Photo Trương Vị HCM CITY —  Việt Nam this year has consistently grown in attractiveness to travellers worldwide, according to online travel platforms. Digital travel platform Agoda recently unveiled its 2023 …

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Pig farmers lose as price-dive hits two-year low

Pig farmers lose as price-dive hits two-year low

Vietnam’s pig farmers are struggling to survive as the price of live swine at the farm gate has fallen to a two-year low of VND46,000 (US$1.84) per kilogram. A recent VnExpress survey showed that the price of live pig is down to VND46,000 a kilogram in many places, the lowest …

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