Business

Nine out of 10 listed stocks voted by VnExpress readers as “shares that helped investors make the most money in 2021” have lost more than the VN-Index this year. As of Wednesday, the VN-Index has fallen by 29% for the year. The exception in the 10 is Hoang Anh Gia …

The Vietnamese government plans to borrow VND619.49 trillion (US$25.2 billion) this year, 20.5% more than in 2021. Around 92% of it would come from bonds, the government said in a report to the National Assembly Tuesday. In the first nine months it borrowed nearly $185 million from overseas with an …

The dong depreciated to a new low against the U.S. dollar Wednesday morning, with state-owned Vietcombank selling the greenback at VND24,620 at 11.30 a.m. The Vietnamese currency fell 0.12% from Tuesday and 7.24% since the beginning of the year. Eximbank sold the dollar at VND24,620, 0.24% higher than Tuesday, and …

The USAID’s Workforce for an Innovation and Startup Ecosystem (USAID-WISE) and Hanoi-based technology school MindX signed an agreement on Oct. 18 to make digital skills training more affordable to Vietnamese students. MindX offers courses that prepare students for tech careers. Photo by MindX As per the partnership agreement, USAID-WISE will …

A second Rolls-Royce belonging to disgraced former FLC Group chairman Trinh Van Quyet will be auctioned at a reserve price of VND28.03 billion (US$1.15 million). Orient Commercial Bank is looking for an auction company to sell the car, a custom-built Phantom “Sacred Fire” that Quyet bought in 2015. It cost …

Steel prices have fallen to around VND14 million ($570) per ton, the same as in late 2020 when the market was at its most sluggish. The country’s biggest steelmaker, Hoa Phat Group, cut rolled steel and rebar steel prices in mid-October by VND520,000 per ton to VND14.5 million and VND14.6 …

Commercial centers in HCMC ’s central business districts enjoyed nearly 94% occupancy in the third quarter, up 1 percentage point over the previous quarter. Shopping malls and retail space outside downtown areas also performed well, with occupancy rates of 94% and 89%, respectively, according to CBRE Vietnam’s latest report on …

The OECD (Organization for Economic Cooperation and Development) predicts Vietnam’s growth will surpass 6% this year and the next because it’s been able to avoid pandemic-related recessions. At the OECD-Vietnam High-Level Economic Forum held Tuesday, Mathias Cormann, Secretary-General of OECD, said Vietnam was one of the few countries in the …

It will take a week to overcome the impacts of a major fire on fulfillment of orders at South Korean-invested shoemaker and Nike supplier Changshin Vietnam, a labor leader says. Dang Tuan Tu, union president of Changshin Vietnam, told VnExpress International that workers have been assigned to work in other …

The U.S. dollar climbed to a new peak against the Vietnamese dong Tuesday after the State Bank of Vietnam widened the dong’s trading band from 3% to 5%. Vietcombank hiked its rate by 0.29% to VND24,510. This means the VND has depreciated by 6.94% since the beginning of the year. …