Business

The U.S. will help smaller Vietnamese businesses join global markets, said a U.S. trade official who already views the Southeast Asian nation as an integral part of his country’s supply chain. U.S. Consulate General economic section chief Alexander Tatsis told a forum in HCMC Thursday that Vietnam continues to play …

LienVietPostBank made Nguyen Duc Thuy its new chairman Friday. The board promoted Thuy, a 46-year-old deputy chairman at the lender, after accepting the resignation of former chairman Huyen Ngoc Huy. Huy had resigned for personal reasons. Thuy had been a board member at LienVietPostBank since the end of April last …

Coca-Cola was named among the four most sustainable companies in Vietnam at the Vietnam Corporate Sustainability Forum 2022. This is the 7th consecutive year Coca-Cola Vietnam has been honored as one of the most sustainable companies in Vietnam. “This award validates our journey for sustainable development in Vietnam, as we …

SJC gold prices move up 0.15% to VND67.1 million ($2,848.65) per tael. Gold ring prices gained 0.19% to VND54.1 million per tael. A tael equals 37.5 grams or 1.2 ounces. Global spot gold was up 0.3% at $1,794.49 per ounce as the dollar eased, with caution ahead of U.S. inflation …

The U.S. dollar plunged against the Vietnamese dong at banks on Friday to the lowest since early September, continuing its depreciation since last week. Vietcombank sold it at VND23,640, down 1% from Thursday. TPBank let the greenback slide by 0.94% to VND23,800, while the rate at Techcombank was 0.82% lower …

Steel sales fell to their lowest level in the last two years in October, mainly due to the slowdown in the real estate market and public spending. At 1.9 million tons, they were down 29% year-on-year, according to the Vietnam Steel Association. Output too declined by 29% to two million …

Ho Chi Minh City ranked second in a list of 10 most searched travel destinations by Americans this year after London, according to Google Flights data. Google has just released a list of the top 10 trending destinations that saw the highest year-over-year growth in searches on its online flight …

A HCMC-Guangzhou flight took off at 9:55 a.m. Friday, the first commercial flight between Vietnam and China after a three-year hiatus due to Covid. Vietnam Airlines said in a release that it resumed flights to China after the country loosened its pandemic prevention policies and travel restrictions. There will be …

Banks with good liquidity and low lending interest rates will be prioritized for the recent increase in credit caps, the State Bank of Vietnam has said. Deputy governor Dao Minh Tu said an increase of 1.5-2 percentage points of the earlier quota of 14% means another VND240 trillion (US$10.17 billion) …

The central province of Khanh Hoa is set to issue VND1 trillion (US$42 million) worth of bonds next year to fund some key infrastructure projects. The bonds have a face value of VND100,000 and two maturities, one after seven years and the other after 10. The coupon rate will be …