Foreign investors were net sellers in July, offloading over VNĐ110.3 billion worth of shares. The head office of HNX in Tràng Tiền street, Hà Nội. — Photo courtesy of HNX HÀ NỘI — The Hà Nội Stock Exchange (HNX) experienced declines in both liquidity and price in July, with the …
Read More »Vietnam among Southeast Asia’s fastest-growing economies next decade: report
The six leading economies in Southeast Asia, including Vietnam, the Philippines, Indonesia, Malaysia, Thailand, and Singapore, are projected to grow at an average annual rate of 5.1% over the next decade. This projection was released in a report on August 1 by the Development Bank of Singapore (DBS), consulting firm …
Read More »Wealthy Hong Kong families sell mansions at losses amid property market downturn
Rich families in Hong Kong are selling their villas, mansions and other properties, accepting losses of millions of dollars, to pay debt as the local property market struggles. Around 75% of high-end property transactions in the first half of the year involved financially stressed sellers, according to data from property …
Read More »Gold ring price rebounds after morning dip
Saigon Jewelry Company gold ring price bounced back to VND77.65 million (US$3,080.13) per tael Friday afternoon after slipping 0.06% in the morning. Gold bar price was steady at VND79.8 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally, gold prices edged down on Thursday following an uptick …
Read More »7 foreigners arrested for overstaying visas in Thailand
Seven foreign men – one Pakistani, two Egyptians, three Nigerians and one Myanmar national – have been detained by Thai police for overstaying their visas in Phuket. The move is part of a 10-day crackdown on foreigners staying illegally on the popular resort island since July 23, Bangkok Post reported …
Read More »Dollar remains steady at 3-month low against dong
The U.S. dollar was stable at a three-month low against the Vietnamese dong Friday morning. Vietcombank sold the dollar at VND25,400, the same rate as on Thursday. The greenback slid 0.12% to VND25,700 on the black market. The State Bank of Vietnam lowered its reference rate by 0.01% to VND24,242. …
Read More »Brewing Up A Storm For International Coffee Month with Citadines
Brewing Up A Storm For International Coffee Month with Citadines Embark on a Coffee Adventure Like Never Before with Exclusive Tour, Tastings, and Workshops at Citadines Properties in Singapore SINGAPORE – Media OutReach Newswire – 2 August 2024 – The Ascott Limited (Ascott), the lodging business unit wholly owned by …
Read More »Used car market sees a robust recovery: report
The domestic used car market has shown a robust recovery in the first half of 2024, marking a significant turnaround from the downturn experienced in 2023, according to industry insiders. Workers assemble cars at THACO Mazda at Chu Lai Industrial Zone in Quảng Nam province. — Photo of courtesy of …
Read More »VinaCapital upbeat about Việt Nam’s stock market
Leading investment fund VinaCapital remains confident in the Vietnamese stock market in the last months of this year, despite foreign investors’ heavy net selling. Investors follow transactions at the Hồ Chí Minh Stock Exchange. VNA/VNS Photo HCM CITY — Leading investment fund VinaCapital remains confident in the Vietnamese stock market …
Read More »Vietnamese fresh pomelo officially allowed for import into South Korea
Pomelo has become the third fresh fruit from Việt Nam permitted for import into South Korea, joining dragon fruit and mango. A farmer harvesting pomelos in Thái Nguyên Province. Pomelos are the third fresh fruit from Việt Nam to be granted export permission to South Korea. — VNA/VNS Photo …
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