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Vietnam’s benchmark VN-Index dropped 1.30% to 1,102.57 points Monday, ending an eight-session winning streak. The index closed 14.53 points lower after gaining 9.02 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 22.75% to VND13.63 trillion ($581.24 million). The VN-30 basket, comprising the 30 largest …

The U.S. dollar dropped at several banks but gained at others marginally Monday afternoon. Vietcombank sold the dollar at VND23,620, down 0.04% from Sunday. The rate at Techcombank is VND23,622, down 0.10%. Eximbank sold the greenback at VND23,590, up 0.08%. The State Bank of Vietnam adjusted its reference rate up …

Dutch health technology company Philips said on Monday it would scrap 6,000 jobs to restore its profitability following a recall of respiratory devices that knocked off 70% of its market value. Half of the job cuts will be made this year, the company said, adding that the other half will …