The U.S. dollar Thursday morning rose slightly against the Vietnamese dong after reaching a near four-week high against the euro.   U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters  Vietcombank sold the dollar at VND24,750, up 0.10% from Wednesday.   The State Bank of Vietnam lowerded its reference […]

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Mitsui & Co., Ltd. has invested in 22 projects worth approximately $1 billion in Vietnam   Prime Minister Pham Minh Chinh (right) receives Mitsui & Co., Ltd. chairman on September 11 (Photo VNA) During a meeting with Chairman Tatsuo Yasunaga of Mitsui & Co., Ltd. in Hanoi on September 11, Prime Minister Pham Minh Chinh urged […]

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Vietnam has much to do as it works to establish a carbon credit market.   To meet global greenhouse gas emission reduction targets based on agreements reached at the COP 21 and COP 26 meetings, one key strategy proposed by the UN is the creation of carbon credit markets, both globally and within individual countries. […]

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Vietnam’s benchmark VN-Index fell 0.37% to 1,251.71 points Friday while global shares increased.   Investors look at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran  The index closed 4.64 points lower after gaining 3.08 points in the previous session. Trading on the Ho Chi Minh Stock […]

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The goals are part of a plan issued by the city’s People’s Committee, outlining key tasks and solutions to enhance logistics infrastructure investment   Illustrative Photo Ho Chi Minh City aims to become a regional logistics service center in Southeast Asia by 2030, and a global logistics hub by 2045. These goals are part of […]

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Vietnam gold bar price dropped 0.62% to VND80.5 million ($3,251.87) per tael Thursday afternoon while globally bullion stayed mostly flat. Gold jewelry on display at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran Price has remained unchanged at VND81 million since Aug. 20. Gold ring price went up 0.06% to VND78.55 million […]

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More than 10 banks have increased their deposit interest rates by 0.1-0.9 percentage points in the last month, with the highest now for a 12-month period being 6.2%. Many of them are large private banks like VPBank, Techcombank, ACB, Sacombank, TPBank, and SHB. The highest raise has been by Sacombank, which raised its rate for […]

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The National Data Center must become a crucial component of the digital infrastructure   Illustrative Photo The Prime Minister on September 4 issued Directive No 32/CT-TTg to expedite the implementation of the Government’s Resolution No 175/NQ-CP, dated October 30, 2023, which approves the National Data Center project. The Resolution emphasizes that the National Data Center […]

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The U.S. dollar fell against the Vietnamese dong Thursday morning while analysts expect its weakness to stall in upcoming months.   Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado Nov. 3, 2009. Photo by Reuters  Vietcombank sold the greenback 0.34% lower at VND24,930.   The […]

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Foreign investors continue to eye the potential Vietnam holds in the semiconductor and chip space.   The Signetics Corporation, a member of South Korea’s Young Poong Group, a semiconductor supplier for many large corporations, such as its compatriots Samsung and SK, in August announced plans to build a factory at the Ba Thien I Industrial […]

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