Monday , November 25 2024

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Business

Retail giants eye expansion as economy looks up

Retail giants eye expansion as economy looks up

Retailers are planning to expand in Vietnam, which is poised to become one of the world’s 10 largest consumer markets this decade. Japanese fashion brand Uniqlo said it would open a store at Vincom Ba Trieu mall in Hanoi this week and two others at Vincom Royal City and Vincom …

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Dollar strengthens to new record against dong

Dollar strengthens to new record against dong

The U.S. dollar gained 0.06% over the Vietnamese dong Monday to a new peak of VND24,885 at Vietcombank. Its value has surged 8.6% this year at the state-owned lender. Other lenders, including Sacombank and Eximbank, also hiked the rate to VND24,885, the maximum rate allowed Monday. The State Bank of …

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HSBC hikes Vietnam growth forecast to 7.6%

HSBC hikes Vietnam growth forecast to 7.6%

Lender HSBC has raised Vietnam’s growth forecast to 7.6% this year thanks to the country’s broad-based recovery and significant improvement in the manufacturing sector. “Vietnam’s manufacture conditions have been improved significantly, following the ASEAN’s improvement trend, signaling a solid improvement in the health of the manufacturing sector,” said HSBC Vietnam …

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Banks drive VN-Index up

Banks drive VN-Index up

Vietnam’s benchmark VN-Index went up 1.17% to 997.70 points Tuesday, led by three banking stocks. The index closed 11.5 points higher after falling 77.5 points in the last four sessions. The VN30 basket, comprising the 30 largest capped stocks, saw 20 tickers rising. CTG of state-owned lender VietinBank led with …

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Da Nang-Seoul among world’s most traveled air routes

The Da Nang-Seoul route has become the world’s second most popular flight route this year with 352,985 bookings after Vietnam and South Korea lifted Covid restrictions. The Cairo-Jeddah route topped with 3.23 million seats, according to aviation analysis firm OAG, which assesses the world’s most competitive routes based on the …

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Dollar inches up against dong

Dollar inches up against dong

The U.S. dollar gains 0.12% over the Vietnamese dong to a new peak at commercial banks on Tuesday morning. Vietcombank, VPBank and Techcombank all set the rate at VND24,888, which means the dong has depreciated by 8.6% from the beginning of the year. Eximbank kept the rate unchanged from Monday …

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