Business

SJC gold price fell 0.07% to VND67.1 million ($2,855.92) per tael Wednesday morning. Gold ring price gained 0.18% to VND56.9 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally, gold prices moved in a narrow range on Wednesday after another round of talks on U.S. debt ceiling …

  The headquarters of Saigon Commercial Bank in HCM City’s District 1. — VNS Photo Bồ Xuân Hiệp. HCM CITY — The Government will conduct an inspection of credit growth management by the central bank in response to low credit growth. During a meeting with the central bank last Friday, …

SINGAPORE – Media OutReach – 4 December 2023 – A new study shows that COVID-19 infection might be causing high numbers of unexpected deaths previously believed to be unrelated to COVID-19. These findings, reported by immuno-oncology biotech company Xylonix, offer new directions for potential strategies to address the enduring impacts …

The Republic of Korea’s cinema chain CJ CGV posted a revenue of KRW59.1 billion (US$44.8 million) and an operating profit of KRW9.3 billion in Vietnam in the first quarter of this year. It saw a year-on-year rise of 125.6% in revenue, and additional KRW7.1 billion in operating profit. This is …

The U.S. dollar rose against the Vietnamese dong Wednesday morning after a slight decline Tuesday. Vietcombank sold the dollar at VND23,660, up 0.13% from Tuesday. Eximbank maintained the greenback at VND23,630, and Techcombank also kept its rate unchanged at VND23655. The State Bank of Vietnam’s reference rate was stable at …

  Shoppers at a supermarket in Hà Nội.  — VNS Photo Mai Hương HÀ NỘI — The capital city’s consumer price index (CPI) in the first 11 months of 2023 surged 4.72 per cent year on year, the municipal Statistics Department has reported. The average CPI in the first 11 months expanded by 1.8 per cent year-on-year, the …

Phong Lieu Wind Power JSC reported VND124 billion ($5.3 million) after-tax profits last year, 2.7 times higher than the previous year. The company’s equity increased by 22.5% to VND675 billion. It has liabilities of VND1.135 trillion, down 9% from the previous year. The figure included bonds worth VND800 billion, down …

The granting of title deeds on condotels is expected to resolve challenges that have been around for years, but it might take a while for the market to unfreeze amid macro difficulties. Condotels, a type of condominium that operates like a hotel in which units are owned by individuals that …

The State Bank of Vietnam (SBV) announced it would cut the interest rate ceiling on deposits of under six months to 5% a year starting Thursday. The central bank will keep the maximum interest rate on deposits of under a month at 0.5% a year, while the rate for term …

In HCMC, more than 65% of houses meant for occupation have been leased while street-front houses for businesses are largely vacant. A VnExpress survey found this dichotomy with especially the lower-priced rental housing market being vibrant. Houses costing less than VND3.5 million (US$149) and rented mainly by students and workers …