Business

SJC gold price continued to fall by 0.07% to VND67.1 million ($2,861.41) per tael Wednesday morning. Gold ring price fell 0.44% to VND57.2 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices held steady in early Asian trade on Wednesday after retreating from the key …

CIMB Thai Bank and Positive Thinking Company, a leading technology company in Asia-Pacific, have announced to establish an expert software development center for CIMB Thai in Hanoi. The Vietnam Software Development Center in Hanoi is expected to add powerful engineering expert resources and accelerate the digital journey of CIMB Thai, …

Thanh Nam from Binh Duong Province sold half his Bitcoin for US$5,000 to buy the hot meme coin Pepe at its peak. But he was recently only able to sell the coin for a total of $2,000. When the Pepe coin price hit $0.000004 on May 5 (bringing its market …

Ho Chi Minh City is experiencing a decline in foreign direct investment as its limited supply of land and outdated infrastructure make the economic hub less attractive than competing localities. Some $979.6 million in FDI reached Vietnam’s largest city in the first four months of this year, down 23.4% year-on-year. …

Hyundai i10 and Kia Morning, the only cars in the hatchback A-size segment in Vietnam, both saw their sales drop by 25-27% last month. In April, Hyundai i10 sold 494 units, and Kia Morning sold 124 units. For the i10, this was the second month in a row its sales …

Sabeco has announced a partnership with SP Group, a leading utilities group in the Asia Pacific, for the second phase of its rooftop solar energy system installation and operation. Saigon Beer-Alcohol-Beverage Corporation (Sabeco) and SP Group signed a Memorandum of Understanding on Thursday to carry out rooftop solar energy system …

Many Vietnamese securities companies have returned to the capital raising race after the ups and downs of the stock market. While none too significant, some companies have announced plans for capital raising through additional share issuances after the 2023 Annual General Meeting of Shareholders. Particularly, Techcombank Securities JSC (TCBS) set …

Vietnam’s benchmark VN-Index rose 0.02% to 1,065.91 points Tuesday. The index closed 0.20 points higher after losing 1.19 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 17.18% to VND11.28 trillion ($480.98 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 13 tickers …

The government has excluded property, banking, securities, insurance, and telecommunications from the list of sectors to be given a 2% value-added tax rebate in July-December this year. The proposal, if approved by the National Assembly, will reduce the VAT rate from 10% to 8%, and seeks to boost the economy …

Vietnam’s Prime Minister approved a long-awaited power plan for this decade that needs $134.7 billion of funding for new power plants and grids, the government said late on Monday, in a move that may help unlock billions of dollars of foreign investment. The plan, known as PDP8, is aimed at …