Business

Kien Long Commercial Joint Stock Bank has postponed its listing on the Ho Chi Minh City Stock Exchange (HoSE), citing unfavorable market conditions. The bank approved a resolution to withdraw its application to list on Friday, also citing “shareholder interests” as a deciding factor. The move comes five months after …

Vietnamese food is known for its variety of ingredients, some of which are so diverse that they sound pretty unusual to foreigners. Fertilized egg embryo, raw blood pudding, and ragworm fritters, are some of the dishes that may scare off foreign tourists the first time they hear these names. However, …

Coteccons has launched the “Build Tet” program to bring a warm and happy Tet to 12,000 construction workers working for subcontractors and suppliers at its construction sites. Tet gifts were sent to more than 6,000 workers at Conteccons’ construction sites. Photo by CIS Lao Cai Project The program, starting on …

Police in Thailand said they have detained three South Korean nationals for overstaying their visas and will send them home. Thai police received a request from the Police Consulate of the South Korean Embassy in Bangkok to extradite the three men. The South Koreans are wanted in their homeland on …

Hotel booking data from Booking.com shows the Central Highlands town of Da Lat is the most booked destination during Tet holiday next week, followed by beach towns Nha Trang and Vung Tau. The beach city Da Nang came in fourth, followed by Phu Quoc Island. The rest of the top …

The U.S. dollar rose against the Vietnamese dong Saturday morning at unofficial exchange points. Sellers sold it at VND23,480, up 0.13% from Friday. Vietcombank kept the dollar unchanged at VND23,610 for the fourth session in a row. Eximbank maintained the rate at VND23,580. Techcombank sold the greenback 0.02% higher at …

Chinese electric vehicle (EV) maker BYD Auto Co plans to build a plant in Vietnam to produce car parts, three people with knowledge of the plan told Reuters. The move would reduce the company’s reliance on China and deepen its supply chain in Southeast Asia as part of a global …

Over 600 Ho Chi Minh City workers have halted work for the last two days in protest of their Japanese employer Toyo Precision’s announcement it would give them a minimum year-end bonus of only VND100,000 ($4.27). Workers gathered at the sewing machine part factory on Friday to protest the negligible …

NashTech has announced the grand opening of its office in Da Nang in central Vietnam, more than a year after the launch of the hybrid office, as part of its expansion plans. NashTech Da Nang was first launched in mid-2021 under a coworking space model. The new office in Da …

Vietnam’s benchmark VN-Index rose 0.36% to 1060.17 points Friday, with stock trading surging 42% from Thursday. The index closed 3.78 points higher after gaining 0.63 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 42.28% to VND12.39 trillion ($528.52 million). The VN-30 basket, comprising the …