Business

In a café in the central province of Quang Ngai, customers can buy a drink by paying 0.049 Pi, a cryptocurrency from the Pi Network, currently under investigation. The café owner said he joined the Pi Network in 2021, and has been accepting this cryptocurrency as payment since last year. …

Companies and platforms offering fractional ownership of properties are starting to disappear after a period when the model was booming. Hoang, a real estate broker, said a big property project in Hanoi has stopped selling fractional ownership after trying it out for four months. The developer had split the property …

Vietnam’s benchmark VN-Index rose 1.12% to 1185.9 points Friday, highest since Sep. 23 after a slight decline this week. The index closed 13.09 points higher after losing 0.17 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 23.47% to VND20.25 trillion ($855.96 million). The VN-30 …

Gasoline prices on Friday surged to the highest since April 21 after staying flat for almost three weeks. The popular gasoline RON95 saw price rising 6.05% to VND22,790 ($0.96) per liter. Biofuel E5 RON92 went up 5.98% to VND21,630. Diesel was 4.78% higher at VND19,500. The Ministry of Finance and …

The Dubai International Chamber on Friday opened a representative office in Vietnam to explore opportunities for trade and investment. The Ho Chi Minh City office is the 22nd of the Dubai International Chamber, one of the three chambers operating under the Dubai Chamber of Commerce. It is its third in …

The U.S. sees Vietnam as a key partner in expanding green energy sources and building more resilient supply chains, U.S. Treasury Secretary Janet Yellen said in a speech to be delivered in Hanoi on Friday. Yellen, continuing her travels in Asia, told the U.S.-ASEAN Business Council that trade between the …

U.S. Treasury Secretary Janet Yellen has said her country is willing to assist Vietnam in producing semiconductors and improving its renewable energy capacity. “The United States considers Vietnam a key partner in advancing a free and open Indo-Pacific,” she told Prime Minister Pham Minh Chinh during her visit to Vietnam …

Steel prices have plunged to their lowest levels since the end of 2020 amid weak demand. In its latest price adjustment, giant steel producer Hoa Phat Group decreased the retail price of reinforcing bar by 0.97% to VND14.24 million ($602.24) per ton. The company had earlier reduced rolled steel prices …

Food producer KIDO posted a pre-tax profit of VND727 billion ($30.75 million) in the first six months, up 71% year-on-year and the highest in eight years. Its revenue however dropped 31% to VND4.38 trillion due to declining demands in both domestic and international markets. The company attributed its high profits …

Vietnam’s benchmark VN-Index dropped 0.01% to 1,172.81 points Thursday. The index closed 0.17 points lower after losing 1.11 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 7.28% to VND16.40 trillion ($693.59 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 13 tickers …