Beverage giant ThaiBev expands to charging stations, restaurants

Thailand’s ThaiBev, which owns Vietnam’s biggest brewer Sabeco, will boost investments in restaurants and enter the field of electric vehicle charging stations, a Nikkei Asia report says.

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Vietnam seeks more foreign ownership in banks acquiring weaker lenders

The allowed foreign ownership ratio in stronger Vietnamese banks that acquire struggling lenders could jump to 49%, according to a draft government decree.

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Real estate association wants $4B credit quota hike

The Ho Chi Minh City Real Estate Association wants Vietnam’s credit quota be increased from 14% to 15% to boost the property sector.

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Home Credit wins three categories at Vietnam HR Awards 2022

Home Credit won "Best HR for Sustainability", "Excellence in Organizational Development and Design" and "Best Talent Management Strategy" at Vietnam HR Awards 2022.

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EVN seeks electricity price hikes

Vietnam Electricity (EVN) is seeking permission to increase retail prices as the national power provider expects losses of VND31 trillion ($1.26 billion) this year due to surging production costs.

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VN-Index climbs to near 2-month high

Vietnam’s benchmark VN-Index rose 4.22% to 1080.01 points Friday, highest since October 6, with no blue chip in the red.

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Experts predict tech trends of growth strategy for 2023

Composable enterprise architecture, low-code, no-code technology and big ops are forecast to be key factors for successful customer retention, digital experts said at a recent HCMC meeting.

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Dollar falls as consumer spending rises

The U.S. dollar continued to fall against the Vietnamese dong Friday as it depreciates globally amid moderated inflation and rising consumer spending in the U.S.

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Gold price rises

SJC gold prices went up 0.74% to VND67.2 million ($2,751.84) per tael Friday.

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Vinamilk, Kido pull plug on bottled water joint venture

The Vinamilk – Kido Beverage Joint Venture Company has announced its dissolution after just a year of doing business.

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Vietnam lowers retail gas prices more than 4%

Gasoline prices fell for the second time in a row Thursday after four consecutive hikes over the last two months.

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Gold prices inch up

Vietnam’s SJC gold prices rose 0.74% to VND67.15 million ($2,739.14) per tael Thursday.

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Agro exports hit new record high

Vietnamese agriculture, forestry and fishery exports climbed to a new record of over $49 billion in value through November this year, an 11.8% hike year-on-year.

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Apartment price surges in October, but demand slumps

Prices of new apartment rose in southern localities in October, but sales were few and far between, according to a real estate consultancy.

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Dollar nears 6-week low

The U.S. dollar plunged against the Vietnamese dong Thursday to a near six-week low at Vietcombank.

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Cooking gas prices up 3%

Cooking gas prices rose on Thursday in Ho Chi Minh City and other southern localities, with a 12-liter cylinder now costing VND438,000 (US$17.78), 3.06% higher than before.

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Low-quality rice imports to be restricted

The Ministry of Industry and Trade is drafting a decree on rice trade to limit the import of low-quality grain.

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Masan receives $600M foreign syndicated loan

Conglomerate Masan Group has received a syndicated loan of US$600 million at 6.7% interest from international financial institutions.

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Trade surplus at $10.6B for 2022

The trade surplus was US$0.78 billion in November, which took the figure for the year to date to $10.6 billion, the General Statistics Office said Tuesday.

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VN-Index closes 5th session in green

Vietnam’s benchmark VN-Index rose 1.58% to 1048.42 points Wednesday, its fifth straight session in the green.

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Former Vietnamese billionaire to again chair Novaland

Property developer Novaland is set to restructure itself by selecting a new board led by NovaGroup chairman Bui Thanh Nhon.

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Hanoi workers underemployed as factory orders dwindle

Huyen has provided for her family by working at least 6 days a week, usually more than 8 hours a day, for a decade.

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Analysts call for restoring investors’ trust after bond frauds

Pumping money into the financial market might be needed now to save businesses, but the long-term imperative is to regain investors’ faith after the recent bond frauds, analysts said.

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Vietnam gold price drops despite global gain

Prices of gold bars branded SJC on Wednesday decreased 0.15% from the previous day to VND67.1 million ($2,722.11) per tael.

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NovaGroup chairman’s wife forced to sell one-third stake in NVL

Stock brokerages have forced NovaGroup chairman Bui Thanh Nhon’s wife to sell 29 million shares of Novaland, reducing her stake in it by a third.

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Government to sell stakes in 141 firms, privatize 19

The government plans to divest its stakes in 141 companies and privatize 19 of others by 2025.

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Dollar plunges at banks

The U.S. dollar plunges at commercial banks Wednesday morning, with Vietinbank selling it at VND24,785, down 0.26% from Tuesday.

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Vietnam gold price drops despite global gain

Prices of gold bars branded SJC on Wednesday decreased 0.15% from the previous day to VND67.1 million ($2,722.11) per tael.

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Masan receives $600-mln foreign syndicated loan

Conglomerate Masan Group has received a syndicated loan of US$600 million at 6.7% interest from international financial institutions.

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Cash-strapped apartment projects stall, buyers distressed

Many apartment projects have stalled due to lack of funds caused by credit tightening and higher interest rates, leaving buyers in trouble.

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