Vietnam Breaking News
Finance
Businesses to promote consistency, transparency
How to build consistency and transparency in business was discussed at a workshop in Ho Chi Minh City on August 27. The workshop was organised by the Vietnam Chamber of Commerce and Industry (VCCI) in coordination with the network Global Compact Vietnam. Attending the event were representatives of domestic and foreign businesses, non-governmental organisations, and [...]
HCMC cops take in man trying to sell fake gold
The Ho Chi Minh City police caught Thursday a man trying to sell 25 fake one-tael SJC gold bars to a jewelry shop in District 5. They had been tipped off by the suspicious shop owner. This is part of a disturbing trend in recent times, with shops discovering many look-alikes of Saigon Jewelry Co’s [...]
Vietnam must rethink growth strategy: analysts
Vietnam must rethink the growth strategy that propelled it from poverty to the ranks of Asia’s fastest-growing economies, analysts say, or risk stagnating. The communist country, which aims to become an industrialised nation by 2020, risks losing out both to poorer, lower-wage nations and richer ones that are more innovative and have a higher-quality labour [...]
VN-Index may bounce strongly in Q3
The stock market of Vietnam is likely to have a strong bounce in the third quarter, with the VN-Index to hit 550-point level in late September or early October, on expectations of higher cash inflows, an economist said. The strong gains will be supported by the government’s efforts to boost money supply and credits to [...]
Import prices rise with dollar increases
Prices on some kinds of imported products have begun rising after the State Bank of Vietnam (SBV) announced an adjustment to the official exchange rate on August 17. Yesterday the new exchange rate officially took effect. The average dong/dollar interbank exchange rate is now 18,932 dong per dollar instead of 18,544 dong. Electronics shops in [...]
VN Index falls on Dong devaluation move
potential for the local stock market after 2.09% dong devaluation move by the State Bank of Vietnam, effective today. Vietnamese stocks extended loss on August 18 as investors see no clear support for the upside The benchmark VN Index fell 8.03 points or 1.73% to 455.49. Volume rose slightly to 37.46 million shares traded for [...]
Vietnam gold at 2-month high, Dollar hits VND19,350 on SBV move
Aug 18: Vietnam Gold At 2-month High, Dollar Hits VND19,350 on SBV Move Local gold prices hit two-month high at VND28.70 million a tael on August 18, up VND 200,000 from last close while dollar price rose to VND 19,350 in free market after the State Bank of Vietnam announced 2.09% dong devaluation which took [...]
Local firms lack human resource strategies
Vietnam lacks long-term human resource development strategies to maintain a high-quality workforce, according to a new report from the Vietnam Marketing and Management Institute. Phan An, a consultant to the institute who wrote the report, said many businesses focused on conforming to national law on salaries, insurance and other personnel policies, and neglected the important [...]
Foreign investors receive licences to trade
The Viet Nam Securities Depository in July issued securities trading licences for 123 new foreign investors, including 14 institutions and 109 individuals. From January-July, 187 foreign institutions and 620 foreign individuals received licences to trade in the domestic stock market, raising the total number of foreign investors to 4,396. Foreign investors bought a net VND555 [...]
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