Business

Fitch Ratings has upgraded Vietnam’s long-term foreign currency issuer default rating from BB to BB+ while keeping its outlook at “stable.” The upgrade reflects Vietnam’s favorable medium-term growth outlook, underpinned by robust foreign direct investment inflows, the U.S.-based rating agency said in a note. “We have increasing confidence that near-term …

Apple is allocating product development resources for iPad to Vietnam, Nikkei reported on Friday, citing sources briefed on the matter. Apple is working with China’s BYD, a key iPad assembler, to move new product introduction (NPI) resources to Vietnam, the report said, adding that this is the first time the …

Mobile World Group chairman Nguyen Duc Tai bought only 11% of the one million MWG shares he has registered to purchase due to “unfavorable market conditions.” Tai bought 110,000 MWG shares between Nov. 8 and Dec. 7, during which a share averaged VND39,841. He is estimated to have spent VND4.4 …

Property prices have stopped plummeting as owners, seeing positive signs in the market, are choosing to hold on to their assets believing a recovery is around the corner. Ngoc, a senior banker, put her 38.4-square-meter house in HCMC’s Phu Nhuan District on sale in early October, but has now decided …

Despite the steady and steep decline in interest rates, people are still keeping their money in bank deposits rather than invest it in securities or real estate. Bank deposits by retail customers increased for a 13th consecutive month in September and showed no signs of declining. They totaled VND6.449 quadrillion …

Vietnam’s benchmark VN-Index rose 0.26% to 1,124.44 points Friday. The index closed 2.95 points higher after dropping 4.94 points in the previous session. Trading on the Ho Chi Minh Stock Exchange decreased by 35% to VND17.74 trillion ($731.62 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 13 …

NFQ, a leading digital transformation provider, received the Make the Future Green Award at the Vietnam Innovation Summit 2023, a testimony to its commitment to sustainability and environmental stewardship. VIS, an annual event hosted by InnoLab Asia, brings together industry leaders, innovators and policymakers to explore and advance sustainable solutions …

Bank’s mortgages fell by 0.7% in the first 10 months of the year, the first drop in three years, revealing a lack of interest in home buying. But lending to developers jumped by 23.1%, triple the overall credit growth rate of 6.96%, according to the State Bank of Vietnam (SBV). …

VinCSS, a global leader in FIDO Device Onboarding (FDO), has transformed from a startup to a beacon of innovation in the IoT industry. FDO – Revolutionizing IoT security According to Techjury and Mordor Intelligence, the IoT industry is booming and expected to reach 29.42 billion active devices by 2023, driving …

Vietnam is the most attractive destination for American chipmakers, John Neffeur, president of the country’s Semiconductor Industry Association, told Prime Minister Pham Minh Chinh. Accompanying him to the meeting Thursday with the PM were the heads of top American semiconductor firms, including Intel, Qualcomm, Ampere, ARM. “The U.S. semiconductor industry …