Dollar drops slightly against dong
The U.S. dollar slipped marginally against the Vietnamese dong Wednesday morning.
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Gold inches lower
SJC gold price dropped 0.22% to VND67.15 million ($2,855.14) per tael Wednesday morning.
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Bank credit growth expected to slow down in 2023
Bank credit is forecast to grow at only 12% this year since economic activity is slow and the property sector, usually the biggest borrower, is in a slump.
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Vietnam seeks new investor incentives as cross-border tax rules loom
Vietnam has set up a special panel to find ways to stay competitive for investors when new OECD cross-border tax rules take effect, its central bank said on Tuesday, amid concerns it could negate the benefits of its current tax incentives.
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Dollar drops slightly against dong
The U.S. dollar slipped marginally against the Vietnamese dong Wednesday morning.
#business
https://e.vnexpress.net/ne...
Gold inches lower
SJC gold price dropped 0.22% to VND67.15 million ($2,855.14) per tael Wednesday morning.
#business
https://e.vnexpress.net/ne...
Vietnam to reduce unofficial exports over land borders
Vietnam will begin reducing its unofficial exports in 2025 to prevent congestion at land borders, especially with China, according to a draft government decree.
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Property acquisitions on the cards as cash-strapped developers sell out: analysts
There will be a mergers and acquisitions boom in the property market over the next year as cash-strapped developers sell assets, analysts have forecast.
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Japanese retailers expand in Vietnam, targeting affluent
Targeting consumers not much affected by the difficult economic situation, Japanese retailers are opening more stores in Vietnam.
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US companies show ‘remarkable’ commitment to Vietnam: Ambassador
American companies including Boeing, Meta and Netflix have demonstrated “remarkable” commitment in Vietnam by seeking local investment opportunities, said the U.S. Ambassador.
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Gasoline prices dive to 2-month low
Gasoline prices fell to the lowest since Jan. 11 on Tuesday afternoon, while diesel continued to decline.
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Stocks break 3-session losing chain
Vietnam’s benchmark VN-Index rose 0.91% to 1032.43 points Tuesday after losing three trading days in a row.
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‘Pay with Pi’ shop pops up on Shopee
A cosmetics vendor that accepts payment with Pi cryptocurrency – even though it is not recognized as a legal tender in Vietnam – caused a stir on social media before quickly disappearing.
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Renewable energy developers want temporary buying price of 6 cents per kWh
Solar and wind energy developers who have been late for an incentive rate want a temporary feed-in tariff of 6.2 cents per kilowatt hour while waiting for the authorities to finalize a higher tariff.
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Gold prices retreat
SJC gold price fell 0.22% to VND67.45 million ($2,859.69) per tael Tuesday morning.
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Dollar falls on black market
The U.S. dollar dropped marginally against the Vietnamese dong on the black market Tuesday.
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Factories find ways to deal with decreasing exports
Finding new and niche markets is among the means by which factories are coping with the fall in export orders.
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Inflation, high interest rates put the brakes on auto sales
Auto sales fell by 27% to 68,402 units in the first two months of the year as consumers tightened purse strings amid rising inflation and credit remained expensive.
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Agricultural exports to newly opened China surge
Traders are busy buying the best quality durian, jackfruit, cassava, and cashew nut possible to export to China, whose demand seems to be insatiable.
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FLC uses Bamboo Airways shares as collateral
Property developer FLC will use nearly 155 million Bamboo Airways shares as collaterals for loans from lender OCB, repeating a decision it made three years ago.
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EuroCham Vietnam has new chairman
Gabor Fluit, Director of De Heus Asia, has been elected Chairman of the European Chamber of Commerce (EuroCham) in Vietnam.
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VN-Index plunges with no blue chip in green
Vietnam’s benchmark VN-Index dropped 2.11 percent to 1,023.1 points Monday with 28 blue chips losing and two unchanged.
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Foreign businesses want work permit procedures simplified
Representatives of South Korean, European and American businesses in Vietnam are complaining that they’re struggling to obtain work permits for their foreign employees due to inconsistent and vague regulations.
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Dollar gains on black market
The U.S. dollar rose on the black market while remained stable at banks on Monday afternoon.
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UBS to take over Credit Suisse, assume up to 5B Swiss francs in losses
UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking.
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Gold prices dip
SJC gold price dropped 0.22% to VND67.35 million ($2,855.63) per tael Monday morning.
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Finance Ministry wants online game companies taxed
The Ministry of Finance wants special consumption tax on online video games, saying it would fetch large revenues.
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Higher input costs, speculation drive housing prices up
The increasing costs of land, materials, labor, legal procedures, and interest rates, as well as speculation, have all been pushing housing prices up for years, according to experts.
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Samsung denies moving smartphone production chain from Vietnam to India
General Director of Samsung Vietnam Complex Choi Joo Ho said the group would not move smartphone production lines from Vietnam to India.
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Prime minister says state-owned giants not working hard enough
Vietnam’s 19 top state-owned corporations made collective VND83.17 trillion (US$3.526 billion) in pre-tax profits last year, but Prime Minister Pham Minh Chinh called the amount low given their hefty resources.
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