Wednesday , October 30 2024

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Business

China resumes dragon fruit imports at border gate

China resumes dragon fruit imports at border gate

China has resumed imports of fresh fruits, including dragon fruit, through the Hekou-Kim Thanh border gate that straddles the Chinese province of Yunnan and the Vietnamese province of Lao Cai. It had stopped the imports in mid-July after Yunnan detected the novel coronavirus on packages and trucks carrying dragon fruits …

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Vietnam set to become Asia startup hub

Vietnam set to become Asia startup hub

Vietnam could be Asia’s next startup hub after local companies saw funding surge over 40 times in the last five years, a venture capitalist said. Venture funding for startups in Vietnam reached $2.1 billion last year, up from just $48 million in 2017, Binh Tran, co-founder of Ascend Vietnam Ventures, …

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Cancellation of FLC transaction to hurt investors

Cancellation of FLC transaction to hurt investors

The cancelled transaction of 74.8 million shares sold by FLC chairman will not hurt investors who bought the shares from him, while others will struggle to sell a hot potato. As Vietnam stock regulators keep a T+2 cycle, which means it takes 48 hours or more for the shares to …

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VN-Index bounces back with stimulus package approved

VN-Index bounces back with stimulus package approved

Vietnam’s benchmark VN-Index surged 1.22 percent to 1,510.51 points Wednesday after legislators approved a stimulus package for post-Covid recovery. The index dropped to the 1,480 range, where it remained before climbing in the late afternoon to close 18 points higher. Trading value on the Ho Chi Minh Stock Exchange (HoSE), …

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M&A in technology booms during pandemic

  The seminar on “Digital transformation and M&A trends in the technology sector in 2022” was jointly held by Nhà đầu tư Magazine and Nova Group on January 11. Photo itcnews.vietnamnet.vn HÀ NỘI — The Mergers and Acquisitions (M&A) market in Việt Nam has been going through a downturn due …

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Shares trade higher on the back of bank stocks

  A bank teller at Bank for Investment and Development of Việt Nam (BID)’s office in Hà Nội. BID rose 7 per cent on Wednesday. — Photo courtesy of BID HÀ NỘI — Shares reversed course to trade higher on Wednesday, strengthened by the strong increase of banking stocks that …

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