Business

Exports of processed vegetables and fruits topped US$1.1 billion for the first time by the end of November 2023, up 19% year-on-year, according to the General Department of Vietnam Customs. Processed products accounted for 21% of Vietnam’s vegetable and fruit exports in the period and are well-liked in the U.S., …

Vietnam’s GDP is on a firm recovery track and growth can reach 6% this year, according to lender HSBC. The country ended last year with a 5.1% growth, but in the last quarter alone the economy expanded 6.7%, showing a glimmer of hope for better growth prospects going forward, the …

My American friends are astonished that some Vietnamese receive handouts from their parents to buy a house, while youth in the West have to fend for themselves. In Vietnam, people often calculate ratio of house prices to income to determine the number of years needed to afford a house and …

SINGAPORE – Media OutReach Newswire – 12 January 2024 – As part of the pipeline of initiatives to increase accessibility of the Singapore Chartered Accountant Qualification (SCAQ), the examination fees for the SCAQ programme will be lowered from June 2024. The SCAQ programme is the national Chartered Accountant qualification programme …

A fishing trawler built by the Ha Long Shipbuilding Company, a subsidiary of SBIC, in 2018. — Photo SBIC HÀ NỘI — A process has begun to allow the Việt Nam Shipbuilding Industry Corporation (SBIC) to declare bankruptcy, according to Deputy Minister of Transport Nguyễn Xuân Sang. The Ministry of …

HONG KONG SAR – Media OutReach – 12 January 2024 – Today, IX Asia Indexes announced the 2023 4th quarter review of ixCrypto Index Series and second-half yearly review of the IX Digital Asset Industry Series. The constituent change for ixCrypto Index Series will be effective on 19 January, 2024 …

Saigon Jewelry Company gold bar price gained 0.26% to VND75.45 million ($3,037.85) per tael Friday morning, highest since Jan. 3. Gold ring price rose 0.24% to VND63.25 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices rose, supported by a softer dollar and escalating Middle …

The U.S. dollar rose against the Vietnamese dong Friday morning to the highest since Nov. 4, having surged non-stop in five days. Vietcombank sold the dollar at VND24,690, up 0.22% from Thursday. The State Bank of Vietnam kept its reference rate unchanged at VND23,976. The dollar was stable at VND24,850 …

A customer during a policy consultation. — Photo courtesy of Baoviet Life Corp HÀ NỘI — Việt Nam’s domestic insurance market managed to pull through a difficult time in 2023 but it will take time for the market to rebuild trust among consumers, according to policymakers and industry insiders. Experts …

An employee performs a transaction at NCB’s office. — VNA/VNS Photo HÀ NỘI — It is anticipated that there will be significant changes in the scale of the banking sector’s charter capital this year as several joint-stock commercial banks have announced their plans to raise capital. In a recently issued …