Vietnam business credit late payment rate higher than Asia average: survey
Half of receivables is not received on the due date and another 6 percent is written off as bad debts, a survey of businesses has found. Trade credit insurer …
Category: Economy
Electronics industry labor stuck low down in value chain
Most of Vietnam’s 1.3 million electronics workers perform simple tasks classified as low-value manufacturing, the Vietnam Chamber of Commerce and Industry …
Exporters enjoy gains from stronger dollar
“All our income is in USD while most expenses are in VND, which means we gain when we exchange the USD to VND to pay salaries and rents,” said Pham …
Grab Vietnam posts $12.8 bln loss in 2021
Grab Vietnam posted a loss of VND300.5 billion ($12.82 million) last year, with surging expenses on promotions and advertising amid intensifying competition. …
Banks hike mortgage interest rates
Several banks have increased mortgage interest rates by up to 1 percentage point amid credit tightening. In mid-June Vietcombank hiked its from 9.2 percent to …
Stock trading hits 8-session high
Vietnam’s benchmark VN-Index dropped 0.25 percent to 1179.25 points Friday with trading highest in eight sessions. The index closed 2.9 points lower after …
Fuel price cuts fail to drag prices down
Gasoline prices may have fallen by 10 percent on Monday, but to many people’s chagrin this has not had a knock-on effect on other prices. Three days …
Steel prices drop 8th time in a row
Steel prices have dropped for the eighth time in a row since mid-May with a total decline of nearly 13 percent. Biggest steelmaker Hoa Phat Group brought its …
VN-Index gains as most blue chips increase
Vietnam’s benchmark VN-Index rose 1.69 percent to 1,174.82 points Tuesday with the majority of blue chips in the green. The index closed nearly 20 points …
Bank stock fall pulls VN-Index down
Vietnam’s benchmark VN-Index dropped 1.37 percent to 1,155.29 points Monday, dragged down by all banking blue chips. The index stayed in the red for …