The manufacturing sector is showing signs of revival but a full-blown recovery is only likely in the second half of this year at the earliest, analysts said. With an estimated 80,000 factory workers laid off in the first two months amid plunging orders since the third quarter last year, industrial …
Read More »Gold prices ease
SJC gold price dropped 0.07% from Friday closing price to VND67.3 million ($2,860.79) per tael Saturday morning. Gold ring price fell 0.18% to VND55.85 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold dipped on Friday in a volatile week that saw bullion prices north of …
Read More »Inflation likely to be 3.9-4.8% this year: finance ministry
The Ministry of Finance expects 3.9-4.8% inflation this year as against a target of 4.5%. According to the General Statistics Office, in March the consumer price index (CPI) increased by 3.4-3.5% from the same period last year. In the first quarter prices are expected to rise by 4.2-4.3% year-on-year, with …
Read More »Singapore café attracts global attention with durian-only menu
A café has quickly become popular in Singapore after one month of opening for its unique menu from coffee, tea to sweet cakes all made of durians. The cafe called Ms. Durian opened in February in a standalone building that used to serve as a police post in the 1980s. …
Read More »Vietnam to block payment for unlicensed games
The Ministry of Information and Communications said it will deploy solutions to block the payment for unauthorized games in the country. There are hundreds of thousands of unauthorized games, card games, and gambling games which cause insecurity and disorder as well as bad consequences for the society, the ministry’s Authority …
Read More »Vietnam to raise air ticket price cap
The Ministry of Transport will increase the domestic air ticket price ceiling in Vietnam by an average 3.75% later this year, a decision set to delight local carriers. The maximum airfare on four out of five flight distances will rise in the second or third quarter, according to a recent …
Read More »Mexico a springboard for Vietnamese goods to enter the US: ambassador
If Vietnamese businesses strengthen export and investment in Mexico, it will be easier for them to penetrate into the U.S. market, said the Mexican ambassador to Vietnam. Mexico is located at the gateway between North America and Latin America, and the Canada-U.S.-Mexico Agreement (CUSMA) will be a good springboard for …
Read More »Durian prices plunge by half
Durian prices have plunged by half in nearly two months as harvest season approaches and supply is abundant. Farmers in the southern provinces of Tien Giang, Long An, Binh Phuoc, and Dong Thap are selling their Ri6 durian for VND75,000-VND85,000 per kilogram ($3.19-$3.62), down from VND190,000 in earlier February. Lanh, …
Read More »VN-Index closes week with meager gain
Vietnam’s benchmark VN-Index rose 0.16% to 1046.79 points Friday, closing the week with four out of five sessions in the green. The index closed 1.69 points higher after gaining 4.56 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 21.22% to VND9.44 trillion ($401.53 million). …
Read More »Gold posts marginal gain
SJC gold price gained 0.07% to VND67.3 million ($2,862.61) per tael Friday afternoon. Gold ring price went up 0.09% VND55.95 million. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices slipped on Friday as the dollar edged higher, while investors assessed the U.S. central bank’s hints at a …
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