Business

Vietnam’s benchmark VN-Index dropped 0.41 percent to 1065.35 points Monday in its third straight losing session. The index closed 4.36 points lower after losing 1.2 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 39.64% to VND15.06 trillion ($642.33 million). The VN-30 basket, comprising the …

A meeting between representatives of English teaching center Apax Leaders and’ parents ended prematurely in disorder as the venue manager shut the place down due to security concerns. Nguyen Ngoc Thuy, chairman of the parent company Apax Holdings, and CEO Nguyen Anh Tuan, had scheduled a meeting with 700 parents …

A Russian tourist was confirmed dead and his younger brother sustained injuries Saturday after their rented scooter crashed on a rural road in Thailand’s Phuket. Maksim Fadeev was driving his younger brother on a scooter in Phuket’s Pa Khlok Town when his motorbike crashed, killing him at the spot, The …

A rash of cancelations during the long holiday break later this month due to high airfares has left hotels in Phu Quoc Island and travel firms in a desperate situation. Three weeks before the five-day holiday for Reunification Day and Labor Day (April 29-May 3), Bui Ang Van, general manager …

Electronics retailer Mobile World has underlined its commitment to Indonesia, saying it sees the same large potential for growth there as in Vietnam a decade ago. Each 400-square-meter Erablue store in Indonesia fetches revenues of VND4.5-5 billion ($191,900-213,200) a month, which in Vietnam would have meant a profit, Doan Van …

CVS Holdings, the operator of GS25 Vietnam retail chain, reported a loss of over VND167 billion (US$7.12 million) for 2022, 9% higher than the previous year. It had over VND400 billion in debts, including a bond issuance worth VND106 billion. GS25 is a South Korean brand that launched in Vietnam …

Vietnamese telecom operators want OTT communications service providers to pay for using their networks, which they use to deliver their services but end up competing with them. Paying for the use would ensure a more fair and sustainable business model for themselves since they invest in setting up and maintaining …

SJC gold price fell 0.22% to VND66.95 ($2,855.74) million per tael Monday morning, lowest since March 30. Gold ring price dropped 0.44% to VND56.3 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices fell about 1% to slip below $2,000 on Monday, after U.S. employment …

The value of textile and garment exports in the first quarter of 2023 reached $7.1 billion, down 17% compared to the same period in 2022, due to the impact of global inflation, according to the General Statistics Office (GSO). This was the deepest decline in the first quarter since 2009, …

Nguyen Van Thu, chairman of G.C Food Company, said the firm would take advantage of trade deals to increase aloe vera exports to South Korea and Japan. Speaking at the company’s annual general meeting on March 7, the man dubbed Mr Aloe Vera, said the target is to capture 15-20% …