Business

Vietnamese cryptominers say they have suffered heavy losses with their mining rigs turning useless after Ethereum, the second-largest cryptocurrency, completed its switch to a more energy-efficient framework. “Goodbye Ethereum”, “no more chances” and “sell off rigs” have become the most used keywords on online groups of Vietnamese cryptominers after Ethereum …

Only 177 apartments were sold in HCMC in August, the lowest number in three years, according to property consultancy DKRA Vietnam. It was equivalent to just 16-26% of supply. All the new supply was of grade A apartments in Thu Duc City and other southern areas, with the prices mostly …

Fruits imported from South Africa, Cambodia, India, and China have been flooding into Vietnam this year as they are priced reasonably. Loan, a vendor in Ho Chi Minh City’s Go Vap District, said imported grapes, apples, oranges, and mangoes are cheaper than their Vietnamese counterparts. “I sell 10 to 20 …

Foreign-invested firms expect the Vietnamese government to ensure a consistent business environment and offer transparent tax policies to secure long-term investment. During a meeting with Prime Minister Pham Minh Chinh on Saturday, a representative of German engineering and electronics company Bosch in Vietnam pointed out the inconsistencies in legal regulations …

Foreign-invested firms expect the Vietnamese government to ensure a consistent business environment and offer transparent policies for energy and tax to secure long-term investment. During a meeting with Prime Minister Pham Minh Chinh on Saturday, a representative of German engineering and electronics company Bosch in Vietnam pointed out the inconsistencies …

Prime Minister Pham Minh Chinh pledged to create a safe and transparent investment environment and urged foreign companies to keep faith while doing business in Vietnam. During a meeting with foreign direct investment (FDI) enterprises on Saturday, the PM said Vietnam would create favorable conditions for foreign companies to invest …

The U.S. dollar continued to strengthen and reached its historic high against Vietnamese currency Saturday. The State Bank of Vietnam (SBV) on Saturday morning set the reference rate for the Vietnamese dong at VND23,283, the same as Friday and VND50 higher than early this week. At commercial banks, the Vietnamese …

For the first time, Vietnam will export fresh durian to China under the official quota, which reduces farmers’ risks. The batch of 20 containers with hundreds of kilograms would be shipped from the central highlands province of Dak Lak under a protocol signed by both countries, Hoang Trung, head of …

Companies in Vietnam have hired 175,370 information technology staff this year, up 36.2% year-on-year, as the country’s tech sector continues to boom with rising investment, a report has found. Recruitment demand for IT staff is set to exceed 229,000 by 2023 and 290,000 by 2024, said the Vietnam IT Market …

Vietnam’s benchmark VN-Index dropped 0.93% to 1234.03 points Friday, lowest since August 1. The index closed 11.6 points lower after gaining 4.9 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 37% percent to VND15.51 trillion ($655.47 million). The VN-30 basket, comprising the 30 largest …