Economy & Money

Former Vietnamese billionaire to again chair Novaland

Property developer Novaland is set to restructure itself by selecting a new board led by NovaGroup chairman Bui Thanh Nhon.
Former Vietnamese billionaire to again chair Novaland

 

VN-Index closes 5th session in green

Vietnam’s benchmark VN-Index rose 1.58% to 1048.42 points Wednesday, its fifth straight session in the green.
VN-Index closes 5th session in green

 

Hanoi workers underemployed as factory orders dwindle

Huyen has provided for her family by working at least 6 days a week, usually more than 8 hours a day, for a decade.
Workers at the Thang Long Industrial Park in Hanoi after work in November 2022. Photo by VnExpress/Pham Chieu

   

Analysts call for restoring investors’ trust after bond frauds

Pumping money into the financial market might be needed now to save businesses, but the long-term imperative is to regain investors’ faith after the recent bond frauds, analysts said.
Analysts call for restoring investors’ trust after bond frauds

 

Government to sell stakes in 141 firms, privatize 19

The government plans to divest its stakes in 141 companies and privatize 19 of others by 2025.
Government to sell stakes in 141 firms, privatize 19

   

NovaGroup chairman’s wife forced to sell one-third stake in NVL

Stock brokerages have forced NovaGroup chairman Bui Thanh Nhon’s wife to sell 29 million shares of Novaland, reducing her stake in it by a third.
NovaGroup chairman’s wife forced to sell one-third stake in NVL

 

Vietnam gold price drops despite global gain

Prices of gold bars branded SJC on Wednesday decreased 0.15% from the previous day to VND67.1 million ($2,722.11) per tael.
Vietnam gold price drops despite global gain

   

Dollar plunges at banks

The U.S. dollar plunges at commercial banks Wednesday morning, with Vietinbank selling it at VND24,785, down 0.26% from Tuesday.
Dollar plunges at banks

 

VN’s bond market contracts, regional bond yields rise amid aggressive monetary tightening

The report said that aggressive monetary tightening in advanced economies has pushed up bond yields and worsened the downturn of financial conditions in emerging East Asia.

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Masan receives $600-mln foreign syndicated loan

Conglomerate Masan Group has received a syndicated loan of US$600 million at 6.7% interest from international financial institutions.
Masan receives $600-mln foreign syndicated loan

 

Masan receives $600M foreign syndicated loan

Conglomerate Masan Group has received a syndicated loan of US$600 million at 6.7% interest from international financial institutions.
Masan receives $600M foreign syndicated loan

   

Debt market still in infancy, must develop faster

Việt Nam's debt market was still in its infancy and sound policies were required to bolster growth, said policymakers and financial experts during a conference in Hà Nội on Tuesday.

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Cash-strapped apartment projects stall, buyers distressed

Many apartment projects have stalled due to lack of funds caused by credit tightening and higher interest rates, leaving buyers in trouble.
Cash-strapped apartment projects stall, buyers distressed

   

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