Business

Vietnam’s benchmark VN-Index dropped 0.92% to 1,270.80 points Monday, with trading climbing to the highest in four months. The index closed 11.77 points lower after losing 6.31 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) surged by 27.9% to VND20.56 trillion ($877.69 million). The VN-30 basket, …

U.S. semiconductor maker Synopsys is set to shift its investment and engineer training to Vietnam as multinationals continue to leave China. The company, one of the biggest chip design software makers in the world, will train electrical engineers in Vietnam and donate software licenses for a chip design center in …

The 1,330-megawatt Nghi Son 2 Thermal Power Plant in the central province of Thanh Hoa, which can supply electricity to over six million households, has gone on stream. With a total investment of nearly US$2.8 billion, it is the second biggest foreign project in the central province behind the $9-billion …

Hidden in Vietnam’s northwestern hills is a hotel resembling the shape of a high-speed train.     Bullet train hotel – a new stop in northern hill town Bullet train hotel – a new stop in northern hill town

IPP Air Cargo, Vietnam’s first cargo airline, could start flying from November, with several partnerships already established, says its chairman Jonathan Hanh Nguyen. Nguyen told VnExpress that the Government Office has ordered six related ministries for their feedback on licensing IPP Air Cargo. There could be clear actions regarding the …

World Records Union (WorldKings) has acknowledged six world culinary records set by Vietnam for 2022, with street food, sticky rice and sweet soups gaining global recognition. The country has the world’s most attractive and diverse street food cuisine, and the most xoi (steamed sticky rice) and che (sweet soup) dishes, …

Vietnam’s logistics industry is expected to thrive this year despite the global economic volatility, but sustainable long-term growth needs infrastructure development, analysts said. Freight volumes would increase in all transport subsectors as the country’s economy recovers, market researcher Fitch Solutions forecast. Air transport would grow the fastest at 14.6%, followed …

Vietnam’s seafood exports have been slowing down since July as inflation takes a toll on consumption in the U.S., E.U. and U.K. Exports to the U.S. declined by 30.5% year-on-year in July after inflation in that country hit a 41-year high the previous month, according to the Vietnam Association of …

Vietnam’s benchmark VN-Index dropped 0.49% to 1,282.57 points Friday, ending a chain of three consecutive rising sessions. The index closed 6.31 points lower after gaining 11.72 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 3.8% percent to VND16.08 trillion ($686.74 million). The VN-30 basket, …

iPhone increased its market share in Vietnam to 15.4% in the second quarter from 7.1% a year earlier to become the third largest seller in the country. Its year-on-year growth of 115% was the highest among all manufacturers, Hong Kong company Counterpoint Research said in a report. Sales from 230,000 …