Business

The full lifting of Covid travel restrictions after a two-year lockdown was far and away 2022’s biggest moment for Vietnam travel industry. But although the newfound freedom came nine months ago, recovering to pre-pandemic health remains a difficult task for the industry. The tourism industry started seeing glimmers of hope …

Saigon General Corporation (Savico) announced changes to its Board of Directors at an extraordinary general meeting of shareholders on December 15. At the meeting, directors Le Tuan, Nguyen Hoang Giang, Nguyen Huy Tuan, and Tran Van Hieu shared their intention to retire immediately. Tran Thi Hong Bich, Tran Duc Huy, …

Prime Minister Pham Minh Chinh has tasked government bodies with untangling issues in the property market to help it overcome challenges. The Ministry of Construction was ordered to propose changes to the overlapping regulations that hinder the development of property, housing and urban projects, the prime minister said in a …

SJC gold prices plunged 0.44% to VND66.7 million per tael ($2,837.09) Thursday afternoon, lowest since early October. Gold ring prices dropped 0.55% to VND53.9 million per tael. A tael equals 37.5 grams or 1.2 ounces. Global spot gold slipped 0.9% to $1,791.71 per ounce after U.S. Federal Reserve Chair Jerome …

Vietnam’s benchmark VN-Index rose 0.47% to 1055.32 points Thursday. The index closed 4.89 points higher after gaining 2.98 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 10.16% to VND12.34 trillion ($524.99 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 19 tickers …

Vietnamese company Gilimex Inc. is suing e-commerce giant Amazon for $280 million for allegedly cutting back on orders, leaving it with an excess inventory. Gilimex, a manufacturer of textile and other products based in Ho Chi Minh City, said in a filling in a New York state court on Monday …

Many retail chains opened new stores this year even as retail sales of consumer goods and services saw a year-on-year rise of 20.5% in the first 11 months. Despite weakening external factors, continued domestic demand brought some relief, according to a report by HSBC. But though the pace started to …

Most banks let the dollar slide Thursday as the central bank allow the dong to gain. The dollar fell by 0.32% to VND23,668 at Vietinbank and by 0.21% to VND23,670 at Techcombank. Eximbank sold the greenback at VND23,640, down 0.25%. Vietcombank, however, sold it 0.13% higher at VND23,680. The State …

Vietnam’s foreign trade is set to exceed US$700 billion this year, the highest ever, the customs department said. It has risen steadily from $500 billion in 2020 and $600 billion last year. In the first 11 months exports rose by 13.4% from a year earlier to $342.2 billion, and imports …

The Federal Reserve moderated its all-out campaign to cool inflation Wednesday, lifting the benchmark lending rate by a half percentage point as its policy actions ripple through the economy. The increase takes the rate to 4.25-4.50 percent, the highest since 2007, but officials signaled that their battle to cool the …