Business

An increase in prices of pork, poultry and some other products has pushed the Consumer Price Index (CPI) in July up by 0.4 percent from June and 3.14 percent year-on-year. Pork prices rose 4.29 percent from June on the back of surging animal feed costs. Pork prices are now around …

Startup Viet 2022, an annual event hosted by VnExpress to promote entrepreneurship, closes registration in seven days. The sixth edition of the competition, themed “the New Era of Innovation,” has received dozens of registrations since it opened June 13. The startups are from various sectors including e-commerce, logistics, fashion, manufacturing, …

Vietnam’s benchmark VN-Index dropped 0.15 percent to 1206.33 points Friday, with foreign investors net selling after seven buying sessions. The index closed nearly 2 points lower after gaining 17 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 2 percent to VND15.03 trillion ($643.77 million). …

Cao Nguyen Vu has won first prize in the ‘General-Color’ category at the HIPA International Photography Awards for a shot of hundreds of fishing boats anchored in Quang Ngai Province. “The photo was taken in 2020 as fishermen’s boats lined up neatly while anchoring to avoid typhoon Molave, the strongest …

Investors bought 14 tons of gold in the second quarter, up 11 percent year-on-year, seeking out the safe heaven metal amid concerns about inflation and a weakening dong. Of this, 4.5 tons were in the form of jewelry, up 28 percent, even though global demand dropped 8 percent, according to …

The Ho Chi Minh Stock Exchange will continue to use the trading system developed by FPT while waiting for a replacement from South Korea, Ministry of Finance and bourse officials said. The system developed by FPT Information System, a subsidiary of the tech giant, in July last year helped cope …

Vietnamese fertilizer firms reported three- and four-digit profit growth in the first half as global prices climbed on surging demand amid post-Covid recovery and the Russia-Ukraine war. The biggest producer, state-owned Vinachem, saw profits go up by 31 times to VND4.098 trillion (US$175.3 million) and revenues jumping 26 percent to …

Property developer FLCHomes posted a loss of VND43.6 billion ($1.87 million) in the first six months despite being in the black for the last four years. The property unit of FLC saw revenue plunging 75 percent to VND400 billion. The company failed to organize its annual general meeting last month …

Travel firms specializing in the Europe market said they have canceled tours or made last-minute itinerary changes after Germany refused to grant visas to holders of Vietnam’s new passports. The new passports, which Vietnam began issuing on July 1, have not been recognized in Germany yet and their holders cannot …

The Ministry of Industry and Trade wants coal-fired plants with a capacity of 14,120 megawatts scrapped from electricity production plans for Vietnam to achieve net-zero emissions by 2050. The plants were included in Power Development Plan 7 (for 2011-20) and have not been built due to delays. Now, the ministry …