Business

Vietnam’s benchmark VN-Index dropped 0.45% to 1065.85 points Tuesday, continuing to go sideways with average trade value. The index closed 4.79 points lower after gaining 3.57 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 2.62% to VND12.86 trillion ($548.05 million). The VN-30 basket, comprising …

Many vehicle manufacturers are adding electric bikes and cars to their line-ups as they gain popularity and are touted to benefit the environment. The Weaver++ electric motorbike made by Dat Bike was added to its fleet for the first time last week by ride hailing company Gojek. The Indonesian-owned company …

The Luxury Boutique Office collection at The OpusK is exclusively reserved for the leaders of the most renowned business empires. A perspective rendering of the project. Photo by SonKim Land An address befitting a business empire Situated in the future international financial hub of Thu Thiem, the Luxury Boutique Office …

Vietnamese wood and wooden furniture enterprises have been facing many difficulties as export orders have dropped 50-60% since the beginning of this year, pushing firms to cut off at least half of their production capacities. Data from the General Department of Customs showed that the export turnover of wood and …

Remittances to Ho Chi Minh City are expected to reach $7 billion in 2023, an annual increase of about 6-7%. At a May 22 workshop on the city’s remittance attraction and promotion, deputy director of the State Bank of Vietnam (SBV)’s branch in the southern economic hub Nguyen Duc Lenh …

Vietnam’s SJC gold price fell 0.07% to VND67.15 million ($2,863.91) per tael Tuesday morning. Gold ring price dropped 0.35% to VND56.8 million per tael. A tael equals 37.5 grams or 1.2 ounces. Gold prices were steady in early Asian trade on Tuesday as investors focused on the long-drawn U.S. debt …

Vietnam is among the countries with the most apps removed from the App Store in 2022 for fraud or poor user experience. In its App Store 2022 Transparency Report, Apple said it has around 1.78 million applications and removed 186,195 last year. The largest number, 38,883, was in the Games …

Bamboo Airways has appointed Nguyen Minh Hai as CEO to replace Nguyen Manh Quan with effect from May 24. The carrier said Quan had asked to step down from the position he had held since July 2022. Under his leadership, Bamboo earned record revenues in the second half of 2022 …

Shipments of smartphones to Vietnam plunged 30% year-on-year in the first quarter, the deepest decline among the five major Southeast Asian markets, according to a new report. Malaysia came second from bottom in terms of negative growth, down 29% year-on-year. Thailand saw shipments drop 1%, according to market research company …

Returning Vietnam’s economy to a state of healthy growth will remain a bridge too far this quarter, said Vu Hong Thanh, Chairman of the National Assembly Economic Committee. Thanh made the statement at the opening session of the fifth gathering of the 15th National Assembly Monday after examining a government …