Business

The central bank had to intervene to prevent a run on Saigon Commercial Bank after the death of its board member caused panic among depositors. After SCB’s branches were filled with customers who wanted to either withdraw their deposits or inquire about their safety Friday afternoon, the State Bank of …

Betrimex has applied biological methods for pest prevention to develop organic coconut production hubs and preserve natural habitats. Coconut farms in Ben Tre and Tra Vinh in the Mekong Delta have recently suffered significant challenges due to many types of pests. The black-headed caterpillar poses the most alarming threat. In …

IPPG President and CEO Le Hong Thuy Tien said ASEAN businesses can take advantage of data, technology, and develop sustainable solutions to affirm their position in the world economy. Attending the World Knowledge Forum 2022 (WKF) as a distinguished guest speaker following the formal invitation from the Secretary General of …

Platforms were overloaded with iPhone 14 pre-orders as the sales launch of the latest Apple smartphone model attracted tens of thousands of customers. Bao Tran in Ho Chi Minh City stayed up until 0:00 a.m. Friday to pre-order a purple iPhone 14 but the website she was on was frozen. …

Most commercial banks expect deposit and lending interest rates to rise in the fourth quarter this year, a survey by the State Bank of Vietnam has found. The central bank’s survey, which polled 96% of all domestic and foreign lenders in Vietnam between August 25 and September 10, found that …

Fund managers are betting on a recovery in Vietnam’s stock market after recent plunges thanks to the country’s long-term economic prospects. The benchmark VN-Index has fallen by 30% this year as inflation and global geopolitical tensions raise concerns among investors. It is now at 1,035.91, lowest since February 1 last …

Nguyen Tien Thanh, chairman and CEO of Tan Viet Securities, passed away late Thursday at the age of 50. Thanh died of a stroke, local media reported. Thanh has been the CEO of the brokerage since January 2016 and chairman since May 2019. He joined the company in 2007. He …

Vietnam’s benchmark VN-Index dropped 3.59% to 1035.91 points Friday, lowest since February 1 last year. The index closed 38.61 points lower after losing 29.7 points on Thursday. It has plunged by 79 points so far this month. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 53% to …

South Korea’s central bank will opt to go big again and hike rates by another half-point next week, pushing borrowing costs higher than earlier predicted to support a weakening won and dull its effect on inflation, a Reuters poll showed. That change in forecasts comes in the wake of widening …

Food and beverage staff are being paid just around the minimum wage level, making recruitment difficult in major cities where job opportunities are many. Most F&B businesses in Hanoi pay their part-time employees around VND21,000 ($0.88) per hour, according to a recent survey of F&B management platform iPOS. For full-time …