Business

South Korea’s second-largest conglomerate SK Group said on Monday it is considering selling some of its assets in Southeast Asia and reinvesting in other businesses in countries in the region, including Vietnam. An SK Group spokesperson said in a statement the conglomerate plans to decide which assets to potentially sell …

SJC gold prices inched up 0.74% to VND67 million ($2,837.18) per tael Monday. Gold ring prices dropped 0.74% to VND53.85 million per tael. A tael equals 37.5 grams or 1.2 ounces. Vietnam’s gold consumption reached 45.6 tons the first nine months of 2022, compared to 45 tons during the same …

Many investors have seen their investments tumble over the last three weeks, despite hoping that a recovery would make up for earlier losses. Thai in Ho Chi Minh City invested nearly VND200 million ($8,465) in Nam Kim Steel stocks (NKG) at the end of November when its price was at …

The agro-forestry-fishery sector has made new export records in 2022 thanks to the diversification of markets and products. The sector’s export turnover is expected to top $53 billion in the year with a trade surplus of $7.8 billion, up nearly 48% year-on-year, statistics show. Fishery exports would reel in nearly …

The U.S. dollar rose slightly against the dong at banks Monday morning even though the central bank let its reference rate slide. Vietcombank sold the dollar at VND23,800 Monday, up 0.21% from Sunday. Eximbank sold the greenback at VND23,760, up 0.17%. The rate at Techcombank is VND23,810, up 0.17%. The …

VCBR promotes digitization and diversification of remittance payment services to create faster and more convenient venues for customers to send money to Vietnam. At the Clients Conference held by VCBR in August 2022, Jorge De Feria, Operations Director of SIGUE, a global money transfer company, said: “Our customers have proven …

The Ho Chi Minh City Real Estate Association has called for providing a 2% loan subsidy to buyers of homes costing up to VND2 billion (US$84,800). The subsidy should be provided starting next year and for the entire loan tenure but should not be effective after December 31, 2023, it …

The Ho Chi Minh City Real Estate Association has called for providing a 2% loan subsidy to buyers of homes costing up to VND2 billion (US$84,800). The subsidy should be provided starting next year and for the entire loan tenure but should not be effective after December 31, 2023, it …

With orders for 2023 plunging by 42%, factory workers are likely to face more difficulties next year with their work hours reduced. The main industries set to be affected are machineries, plastics, chemicals, footwear, and garments, a recent survey of 240 companies at the Ho Chi Minh City Export Processing …

Fruits and vegetables from China and India have been flowing into Vietnam thanks to better prices and quality. Vietnam spent US$2.1 billion importing vegetables and fruits in the first 11 months of this year, up 35.2% year-on-year, the highest ratio in three years, according to a report by the Vietnam …