Business

The U.S. dollar plunged against the Vietnamese dong Friday morning on unofficial exchange points but remained stable at banks. The greenback was sold at VND23,620 on the black market, down 0.42% from Thursday. Vietcombank maintained the dollar at VND23,750. Eximbank kept the greenback unchanged at VND23,740. Techcombank hiked the rate …

SJC gold price gained 0.3% to VND67.2 million ($2,848.66) per tael Friday morning, highest since Feb. 15. Gold ring price went up 0.27% to VND55.2 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices were poised for their biggest weekly gain since mid-November as the …

Japanese trading company Sumitomo Corp and Vietnamese real estate developer BRG Group hope to start work on a US$4.2-billion smart city in Hanoi this year. Sumitomo chairman and CEO Shiomi Keigo said during a meeting with Hanoi chairman Tran Sy Thanh and Japan’s ambassador to Vietnam, Yamada Takio, on Wednesday …

Due to the increasing popularity of artificial intelligence applications like ChatGPT, AI cryptocurrencies are becoming more common, and more Vietnamese are investing in them. Nguyen Lam, 34, an office clerk in Ho Chi Minh City, says he knows that many AI cryptocurrencies, tokens that power AI blockchain platforms such as …

Jackfruit prices have increased 6-7 times over the same period last year as traders step up their purchases of the fruit for export, mainly to China. According to surveys carried out in the southern province of Dong Nai and the Mekong Delta provinces of An Giang, Dong Thap, Vinh Long …

Tay Ho’s new appearance with synchronous infrastructure, large-scale projects and high-class facilities has brought a fresh breeze to the Hanoi property market. Nestled in a location renowned for its picturesque landscapes, Tay Ho (the West Lake area) has long been hailed as the crown jewel of real estate investment opportunities. …

Only 30-40% of Vietnamese car buyers resort to bank loans compared to some 80% in developed countries. The rates vary by geographical region, with automobile firms saying more customers in the south borrow than in the north. Vinh Nam, sales manager of Vietnam Star, a Mercedes dealer in Binh Duong …

Pham Doan Son has resigned from his position as CEO of LienVietPostBank, citing personal reasons, the bank’s board of directors said. Pham Doan Son, who has stepped down from LienVietPostBank’s CEO position. Photo courtesy of the bank Son, born in 1967, joined LienVietPostBank (LPB) in 2008 as head of the …

Authorities in Ho Chi Minh City (HCMC) are considering a plan to open a night street in Cho Lon, also known as the Chinatown area, to boost its night-time economy. Covering an area of 1,500 square meters, the area will span four streets around Binh Tay Market in District 6, …

Vietnam’s benchmark VN-Index dropped 1.39% to 1047.4 points Thursday. The index closed 14.79 points lower after gaining 22.06 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 11.94% to VND9.40 trillion ($398.73 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers …