Sunday , November 24 2024

Business

Business

Vietnam has spent over $3.3 bln to combat Covid-19: report

Vietnam has spent over $3.3 bln to combat Covid-19: report

Vietnam has spent nearly VND79.7 trillion ($3.32 billion), to combat the coronavirus pandemic for the past two years, according to a recent government report. Of this amount, about two-thirds or over VND51.22 trillion was spent in 2021 alone, according to the report submitted to the National Assembly to review government …

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Dollar-dong exchange rate reaches climax Friday

Dollar-dong exchange rate reaches climax Friday

At commercial banks Friday afternoon, every U.S. dollar for the first time ever fetched VND24,000, a hike of over 4.7% so far this year. At Vietcombank, the price was listed at VND24,000 respectively, increasing VND50 compared to Thursday. For its part, BIDV sold the U.S. dollar for VND24,010, an increase …

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VN-Index inches up after hitting this year’s bottom

VN-Index inches up after hitting this year’s bottom

Vietnam’s benchmark VN-Index inched up 0.54% to 1,132.11 points Friday after five straight sessions in the red. The index closed 6 points higher after losing 88.6 points in the last five sessions and falling to the lowest in 19 months. Trading on the Ho Chi Minh Stock Exchange (HoSE), on …

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Dien Bien Airport to close for 6 months for expansion

Dien Bien Airport to close for 6 months for expansion

The Civil Aviation Authority of Vietnam has sought Ministry of Transport permission to close Dien Bien Airport for six months from next March to carry out massive expansion work. Construction of a runway, a taxiway and an apron is proposed to enable the airport to handle bigger aircraft like the …

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Foreign tourist numbers fall 11 pct in September

The number of foreign visitors in September fell by 11.2% from the previous month to 432,000 as the pace of recovery of international travel remains slow. South Koreans topped the list of visitors at 119,636, down 31% from August, according to the Vietnam National Administration of Tourism. So far this …

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US-HCMC air tickets among best fall deals: Hopper

Air fares from the U.S. to Ho Chi Minh City have droppped significantly, making it one of most ideal foreign getaways for American travelers this fall, says travel-booking app Hopper. A Washington Post report also noted that prices for October flights to Ho Chi Minh City from Los Angeles, San …

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Dollar soars to all-time high at against the dong

Dollar soars to all-time high at against the dong

The U.S. dollar continued its recent rally, reaching an all-time high at nearly VND24,000 at some banks Thursday. Vietcombank, the country’s largest lender, sold the greenback for VND23,950, up by around 4.5% compared to the beginning of this year. This is the rate lenders ACB and Eximbank announced the same …

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VIAE exhibition expands global footprint of agri products

Hundreds of international businesses attended the recent VIAE exhibition, opening an opportunity for Vietnamese agricultural products to reach out to the world. The Vietnam International Agricultural Exhibition (VIAE) is organized by The International Federation of Public Procurement Societies (IFPPS) in collaboration with VnExpress. The exhibition attracted more than 200 companies …

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Tech giant FPT launches first microchips

Tech giant FPT launches first microchips

FPT Semiconductor, a unit of tech conglomerate FPT, said it has launched its first line of integrated circuit chips, seeking to establish Vietnam’s spot on the global semiconductor map. The chips, which were designed in Vietnam and manufactured in South Korea in August, will be used in Internet of Things …

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