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Taxi firm Vinasun’s profits down by half
Taxi firm Vinasun’s profits plummeted by 58.5% to VND22 billion ($868,000) in the first quarter, a near two-year low, according to a company disclosure.
Sacombank assures no loss on $141M loan to Bamboo Airways
Sacombank has assured that it will not lose the VND3.58 trillion (US$141 million) it has lent to Bamboo Airways, citing that the loans are secured by high-value assets.
Dollar gains on black market
The U.S. dollar rose against the Vietnamese dong on the black market Saturday morning.
April 26, 2024 | 09:20 pm PT
Revenue on top five e-commerce platforms jumps 79%
Total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reached more than VND71 trillion ($2.79 billion), an increase of 79% over the same period last year.
April 26, 2024 | 05:21 pm PT
Energy industry needs $190B investment by 2030
The total capital demand for Vietnam's energy sector is estimated at VND4.13-4.8 quadrillion (US$163-189.7 billion) in investment capital during 2021-30, according to a plan to implement the National Power Planning.
April 26, 2024 | 05:20 pm PT
Vietnam becomes Singapore's 5th largest aquatic product supplier
Vietnam rose one rank to become Singapore's 5th largest aquatic product exporter for the first time last quarter, the Vietnam Trade Office in that country said.
April 26, 2024 | 05:19 pm PT
VN-Index tiptoes up
Vietnam's benchmark VN-Index increased by 0.38% to 1,209.52 points Friday.
April 26, 2024 | 02:45 am PT
Sacombank chairman denies allegations of involvement in Truong My Lan's $27B fraud
Sacombank chairman Duong Cong Minh on Friday denied rumors of being an accomplice of Truong My Lan, a property tycoon who has recently been sentenced to death for embezzlement.
April 26, 2024 | 12:57 am PT
Novaland chairman Bui Thanh Nhon not 'running away', says CFO
Novaland chairman Bui Thanh Nhon is "not running away" from the property developer and neither is NovaGroup, its parent and biggest shareholder, its CFO has said.
April 25, 2024 | 10:50 pm PT
Couple jailed in central Vietnam for vicious assault on delivery man
A court in the central Quang Ngai Province has sentenced a couple to jail for attacking a delivery man with an iron pipe and breaking both arms last year.
April 25, 2024 | 10:29 pm PT
Gold prices approach record highs again
Saigon Jewelry Company gold bar price rose 1.1% to VND85.2 million ($3,361.6) per tael Friday afternoon, close to its all-time high of VND85.5 million on April 15.
April 25, 2024 | 10:29 pm PT
‘We will never let VinFast go’: Vingroup billionaire chairman Pham Nhat Vuong
Vingroup will always back VinFast, which is its mission and future, billionaire chairman of the conglomerate, Pham Nhat Vuong, has said.
April 25, 2024 | 07:24 pm PT
Grid could stop buying rooftop solar from private sellers
The government might stop paying for rooftop solar power sold to the grid to prevent an overload and abuse of its renewable energy incentives.
April 25, 2024 | 07:14 pm PT
Honda recalls 221 of its most expensive motorcycles for faulty fuel pump
Honda Vietnam is recalling 221 of its two most expensive motorcycles, the CBR1000RR Fireblade and Gold Wing, for faulty fuel pumps that could cause their engine to stall.
April 25, 2024 | 06:25 pm PT
Stocks slip after major gain
Vietnam’s benchmark VN-Index fell 0.05% to VND1,204.97 points Thursday.
April 25, 2024 | 01:38 am PT
Central bank cancels another gold auction
The State Bank of Vietnam on Thursday canceled a gold bar auction for the second time this week due to low participation.
April 25, 2024 | 01:37 am PT
Dollar slips against dong
The U.S. dollar dropped slightly against the Vietnamese dong Thursday afternoon.
April 25, 2024 | 01:37 am PT
Gasoline, diesel prices fall
Gasoline price fell slightly Thursday while that of diesel plunged to a four-week low.
April 25, 2024 | 01:36 am PT
Beverage tycoon Tran Qui Thanh receives 8-year prison sentence for $41M fraud
Tran Qui Thanh, 71, chairman of leading beverage manufacturer Tan Hiep Phat, has been sentenced to eight years in prison for "abuse of trust to appropriate assets" in a $41.2 million fraud.
April 24, 2024 | 11:01 pm PT
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