Saturday , November 23 2024

Business

Business

Dollar weakens against the dong and major currencies

The U.S. dollar slid against the Vietnamese dong Monday morning while falling against major currencies globally. Vietcombank sold the dollar at VND25,200, down 0.12% from the weekend. The greenback slid 0.04% to VND25,380 at unofficial exchange points. The State Bank of Vietnam increased its reference rate by 0.03% to VND24,261. …

Read More »

Auto sales rise by 19%

Members of the Vietnam Automobile Manufacturers Association and Hyundai Thanh Cong reported a 19% jump in sales year-on-year in July to 34,200 units. The association’s members, which include most major auto companies except Hyundai and VinFast, sold 28,920 vehicles. EV maker Vinfast only reports global sales and not its Vietnamese …

Read More »

Starbucks to shut down HCMC’s only premium store

U.S. coffee chain Starbucks will shut down its only store in Ho Chi Minh City selling specialty brews next week. Starbucks Reserve Han Thuyen in District 1, where the company has delivered a “premium experience to its customers through the skills of Starbucks Coffee Masters,” will close on August 28, …

Read More »