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Luxury jewelry brand Tiffany & Co. has opened a store in Ho Chi Minh City, two years after opening its first in Vietnam in Hanoi. The store in District 1, which had a soft opening last week, is part of a strategy by the 186-year-old jeweler to increase its…
Major pork producers posted losses in the last quarter of 2022 as animal feed costs rose and consumer demand dropped as people tightened spending. Dabaco Vietnam, the country’s biggest husbandry firm, recorded a VND79 billion ($3.34 million) loss in the last…
The U.S. dollar gained over the Vietnamese dong marginally at several banks Thursday morning but dropped on the black market. Vietcombank sold the dollar at VND24,060 Thursday, up 0.17% from Wednesday. TPBank increased the rate by 0.02% to VND24,200. Eximbank…
The Ministry of Industry and Trade has requested state-run gasoline and oil wholesalers to sell their commercial reserves to mitigate fuel shortages in some localities. Minister of Industry and Trade Nguyen Hong Dien on Wednesday asked PVN, Petrolimex, Mipec,…
Restaurant chain operator Golden Gate saw its post-tax profit plunge 79.8 percent year-on-year to VND65 billion ($2.8 million) in 2020. It posted VND4.5 trillion in revenue, down 5 percent year-on-year, according to its financial statement. Golden Gate…
Vietnam’s first 5G phone call was made Friday on the network of Viettel, the country’s largest telecommunications company. The trial called, made publicly with the participation of the Ministry of Information and Communications, showed that the speed of…
Vietnam’s total stock market capitalization in the first 10 months reached $132 billion, up 83 percent from the end of last year and equal to 61 percent of Vietnam’s gross domestic product, the National Financial Supervisory Commission reported on Wednesday.…
