Business

Vietnamese electric motorbike startup Dat Bike has secured $8 million in a funding round, bringing the total since its establishment to $16.5 million. The round was led by returning investor, Singapore-based Jungle Ventures, with participation from GSR Ventures, Innoven Capital, Wavemaker Partners, and Delivery Hero Ventures – the investment arm …

With the iPhone 14 series expensive and difficult to obtain, many Vietnamese consumers are turning to used models. Huy Quoc of Hanoi has been looking to buy a phone with about VND20 million ($800) in hand. Originally, he planned to buy an iPhone 14 or an iPhone 14 Pro Max …

With her company planning to cut its payroll from 300 to 20, Ngoc has a constant dread of being fired, and does not even dare take sick leave. “Everyone goes to work with a constant worry, not knowing who will be fired next,” she says. She returns home at 9 …

Taiwan-invested shoemaker Pouyuen Vietnam will have 20,000 workers in Ho Chi Minh City work on alternative days because of production affected by insufficient orders. A company announcement said that due to order issues affecting production plans, workers from certain workshops would need to work alternative days from December 1 to …

Mercedes is recalling 966 cars in Vietnam due to fire risks related to electrical short circuits in the trunk control modules and faulty trim bars on rear doors. The recall covers three models – C300, GLE and GLS imported via official channels in Vietnam. Of these, 126 recalled Mercedes C300 …

Tens of thousands of workers have lost their jobs due to the shortage of export orders, and the figure may surge if export markets do not recover soon, businesses fear. In early September, the Ho Chi Minh City-based S.K Vina garment factory that employed nearly 900 workers had to stop …

Tens of thousands of workers have lost their jobs due to the shortage of export orders, and the figure may surge if export markets do not recover soon, businesses fear. In early September, the Ho Chi Minh City-based S.K Vina garment factory that employed nearly 900 workers had to stop …

Vietnam’s benchmark VN-Index rose 0.18% to 947.71 points Thursday, after falling in three consecutive sessions. The index closed 1.71 points higher after losing 6.12 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 6.36% to VND8.36 trillion ($336.62 million). The VN-30 basket, comprising the 30 …

The U.S. dollar has weakened against the Vietnamese dong at both banks and unofficial exchange points Thursday. Vietcombank sold the greenback 0.004% lower at VND24,854. TPBank let the dollar slide 0.004% to VND24,854. Techcombank sold it at VND24,852, down 0.004%. The State Bank of Vietnam set its exchange rate at …

Gold prices rose as soon as the U.S. Federal Reserve announced that it may slow the pace of interest rate hikes in the future. The price of SJC branded gold bars surged VND100,000 ($4.04) from the previous day to VND67.6 million per tael. A tael is equal to 37.5 grams …