Business

The chairman of Duc Giang Chemicals Group has said its stock’s fall to the floor for four straight days is “unusual” since it has been making record profits. In a letter to shareholders, Dao Huu Huyen said something like it has never happened during the eight years the DGC stock …

Prices of gold bars branded SJC on Monday dropped VND100,000 ($4.02) from the previous day to VND67.5 million ($2,706) per tael. Selling prices of gold rings also decreased VND100,000 to VND54.1 million per tael. A tael is equal to 37.5 grams or 1.2 ounces. SJC gold prices are higher than …

Market authorities last week found more than 3,000 fashion items with unclear origins at a HCMC market, many of them carrying brand names like Gucci and Hermes. An Dong Plaza in District 5 had handbags, shoes, slippers, and clothes but vendors could not provide purchase bills for them, according to …

Thousands of Vietnamese investors have been shocked to see their investments disappear after bottom-fishing FTT tokens, having no clue that FTX, once the world’s second-largest crypto exchange, would go bankrupt. Hanoi resident Thanh Tuan invested $1,000 in buying FTT after seeing the token’s value drop from $22 to $4 on …

So far this year, 27 enterprises in HCMC have laid off 2,858 employees citing technology restructuring, equipment changes and economic impacts, a senior city official says. Le Van Thinh, director of the HCMC of Labour, Invalids and Social Affairs, said at a Saturday meeting of the HCMC People’s Committee that …

Apple has shipped more iPhone 14 Pro and iPhone 14 Pro Max phones to Vietnam, easing a supply shortage that has lasted a month or so. Local distributors said they received iPhone 14 shipments in the middle of the week, the latest model that many Vietnamese consumers were waiting for. …

Investors are pouring billions of dong into stocks hoping that Vietnam’s falling market has bottomed and an uptrend is around the corner. Ngoc Suong, a stock broker at a South Korean securities company, said one of her customers recently returned to the market with a VND2 billion (US$80,600) investment in …

Despite the current global economic downturn, Vietnam remains a bright spot in the region with high GDP growth, IMF Managing Director Kristalina Georgieva said. Vietnam has an open and dynamic economy that remains resilient through the Covid-19 pandemic, she said at a meeting with President Nguyen Xuan Phuc on the …

Vietnam’s banh mi has achieved well deserved renown as a delicious street food staple, but Saigon offers the quintessentially Vietnamese sandwich with fillings far more appetizing than the standard one. Even the most jaded palette will be tickled by the six different types of banh mi described below. Banh mi …

Prices of gold bars branded SJC on Saturday dropped VND100,000 ($4.03) from the previous day to VND67.6 million per tael. Selling prices of gold rings also decreased VND100,000 to VND54.2 million per tael. SJC gold prices are higher than the world average by some VND14.9 million per tael. Globally, gold …