Quang Tue

Vietnam’s benchmark VN-Index rose 0.39% to 1,245.66 points Thursday with trading value declining double-digit as investors tread carefully amid a sideways market.

Shinhan Life, a subsidiary of South Korean Shinhan Financial Group, that entered Vietnam nine months ago, will open its second business center next month.

Vietnamese startup Propzy has commenced closure of its Vietnam business due to financial hardship and global economic instability.

Japanese retailer Aeon launched a new label in Vietnam, focusing on cheap everyday clothing, as an answer to brands like H&M or Uniqlo.

Trung Nguyen and Highlands Coffee are the leading coffee chains in Vietnam in terms of number of outlets, recognition, and popularity, a Q&Me survey has found.

Vietnam’s benchmark VN-Index fell 0.69% to 1,234.6 points Thursday with foreign investors ending a seven-session net selling streak.

The International Monetary Fund has raised its economic growth forecast for Vietnam this year from 6% to 7%, which is the only significant upward revision among major Asian economies.

Singapore-based property platform 99 Group is reported to be exploring options to purchase Vietnamese proptech startup Propzy.

The purchasing managers’ index (PMI) rose to 52.7 in August from 51.2 in July, the latest survey from S&P Global showed on Monday.

Vietnam’s benchmark VN-Index stayed at 1,277.4 points Tuesday with foreign investors net selling for the sixth consecutive session.

Coolmate, a Vietnamese menswear brand sold online, has raised $2.3 million from GSR Ventures and Do Ventures as an addition to its series A round.

Vietnam’s benchmark VN-Index rose 0.68% to 1,279.39 points Tuesday with trading lowest since August 15.

Vietnam’s benchmark VN-Index rose 0.92% to 1,288.88 points Thursday, its biggest one-day increase since mid-August.

Leading bookstore chain Fahasa saw its first half profits surging 65% to VND15.4 billion (US$657,000).

Vietnam ranks fifth out of 35 Asian markets in terms of economic openness, according to a report by market researcher Fitch Solutions.