Business

Vietnam’s credit growth rose only 3.36% in the first six months, the lowest growth rate in years, as banks struggle to find borrowers amid economic challenges. Total loans as of June 15 were at VND12.3 quadrillion, up 3.36% since the beginning of the year, and nearly 9% year-on-year, according to …

The U.S. dollar gained against the Vietnamese dong Friday morning. Vietcombank sold the dollar at VND23,690, up 0.04% from Thursday. Techcombank raised its rate by 0.03% to VND23,695. Eximbank maintained the greenback at VND23,670. The State Bank of Vietnam kept its reference rate stable at VND23,732. The dollar was sold …

The divestment of stakes by NovaGroup and other shareholders in Novaland is not to shirk responsibility but to fulfill debt obligations, a senior executive at the latter has said. The registered stake sale by NovaGroup, the biggest shareholder in the property company, is to help restructure debts and redeem bonds, …

Fresh lychee from Vietnam has become available for the first time in U.S. supermarkets and costs US$14-15 per pound ($33 per kilogram). The fruit is being sold at several supermarkets in Houston, Texas, since June 21, with a pack of 11 pounds (or five kilograms) costing $140. A 1.08-ton consignment …

Property developer Him Lam has become a new shareholder in Bamboo Airways as the airline seeks to restructure and break-even next year. Him Lam, a Ho Chi Minh City-based company known for developing condominium projects in southern Vietnam, will be a shareholder in the airline from now on, along with …

Embrace The Season And Bid Farewell To 2023 In Style With Live Musical Performances, Weekend Activities And A Sizzling New Year’s Eve Party JOHOR BAHRU, MALAYSIA – Media OutReach Newswire – 7 December 2023 – Amari Johor Bahru, a 5-star hotel in the heart of the city, brightened the festivities …

FPT Software Japan and Honda have signed an agreement to consider expanding their long-term mutual partnership in the field of IT service management. The agreement was signed between Honda Motor and FPT Software Japan (FPT Software’s subsidiary in Japan) during a visit by the Honda delegation to the Hola Park …

Leaders of 205 Korean firms, including Samsung Electronics, SK, Hyundai Motor, LG, and Lotte, are accompanying President Yoon Suk Yeol during a state visit to Vietnam. During the three-day visit starting Thursday, businesses of the two sides are expected to sign a number of cooperation deals as leading RoK manufacturers …

HONG KONG SAR – Media OutReach Newswire – 7 December 2023 – Hong Kong’s economy is expected to grow slightly in 2024, CPA Australia’s latest survey on Hong Kong’s economic and business outlook indicates. The survey results also show anticipated weak demand has led many companies to be more conservative …

Vietnam’s benchmark VN-Index rose 0.61% to 1,125.30 points Thursday, highest since Sep. 30 last year. The index closed 6.8 points higher after rising more than 12 points in the last two days. Trading on the Ho Chi Minh Stock Exchange (HoSE) went up 6% to VND18.64 trillion ($792.52 million). The …