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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Under the plan, wood exports expected to reach $20 bln by 2025   Vietnam targets to maintain national forest coverage between 42-43%. Vietnam targets to increase the export value of wood and wood products to $20 billion by 2025 and $25 billion by 2030 under the national forestry planning for 2021-20230 period, with a vision […]

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When he became an engineer for leading semiconductor company Renesas, Tran Dac Khoa did not expect to wait for five years to design his first chip. The job, listed in a daily newspaper, came with a short description about the Japanese-owned company, one of the world’s top 10 chipmakers. In 2004, when Renesas opened an […]

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Vietnam’s economic growth is expected to pick up in 2024, driven by a rebound in manufactured exports and tourism, and recovering consumption and business investment, the World Bank (WB) said on August 26 in a new report.   A woman works in a garment factory in Da Nang City, central Vietnam, in June 2024. Photo […]

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