Business

  Photo shows Vincom Centre Trần Duy Hưng in Hà Nội. The shopping mall operator Vincom Retail shares (VRE) soared 7 per cent on Tuesday. — VNA/VnExpress News Photo  HÀ NỘI Vietnamese shares on Tuesday reclaimed ground lost in the previous day’s sharp sell-off as large-caps were picked up by bargain-hunters. …

China fully resumed trade with Vietnam via Tan Thanh border gate in Lang Son Province on Tuesday after a month of Covid-19 restrictions. Chinese customs authorities made the decision one day after Vietnam’s Minister of Industry and Trade Nguyen Hong Dien helped resolve the pileup of truck containers that has …

Vietnam’s gold price hit a new historic peak of VND62.7 million ($2,769.32) per tael Tuesday, surpassing the previous record in August 2020, even as global rates went flat. Saigon Jewelry Company (SJC) sold its gold at VND62.7 million per tael Tuesday, up 1.2 percent to a new record. A tael …

Vietnam’s benchmark VN-Index rose 2.77 percent to 1479.58 points Tuesday, highest in seven sessions, driven up by blue chip tickers. The index started to surge in the afternoon and closed nearly 40 points higher after losing 33 points in the last session. Trading value on the Ho Chi Minh Stock …

A worker operating a production system inside a plant of ASA. Photo asacorp.com.vn HÀ NỘI — The State Securities Commission of Việt Nam (SSC) said it had issued a decision on January 23 to cancel the listing of 7 million shares of ASA Consumer Product JSC from a private placement to increase …

Vietnam’s biggest refinery Nghi Son has cut production by 20 percent due to cash shortages, an insider told VnExpress. In its recent report to the government, managers of Nghi Son in the central province of Thanh Hoa said they might have to shut down the plant in February if its …

SK Ecoplant, an affiliate of SK Group – the third largest conglomerate in South Korea, has formed a $200-million joint venture for rooftop solar energy development in Vietnam. The joint venture between SK Ecoplant and Nami Solar, a subsidiary of Nami Energy in Ho Chi Minh City, will develop a …

Techcombank, the country’s largest private lender, reported a 47 percent rise in pre-tax profits last year to VND23.24 trillion ($1.03 billion) to join Vietcombank in the billion-dollar club. Its income grew by over 35 percent to VND37.1 trillion. Net interest margin, the difference between its interest on loans and deposits, …

  Representatives of investors receive investment licenses. VnExpress News Photo HẢI PHÒNG — The Hải Phòng Economic Zone Authority (HEZA) on Monday granted investment licences to five projects in industrial parks, including three foreign-invested projects worth US$140 million and two domestic ones valued at over VNĐ2 trillion ($86.9 million). They include …

  Minister of Industry and Trade Nguyễn Hồng Diên made on-ground inspection at a border gate. Photo vietnamplus.vn HÀ NỘI — Minister of Industry and Trade Nguyễn Hồng Diên visited the northern provinces Lạng Sơn and Quảng Ninh on Monday to assess the situation at border gates and discuss ways to clear the …