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Gold sells in dribs and drabs, buyers run back and forth between gold shops

Most gold shops have set restrictions on the volume of gold that one individual can buy each day. Just minutes after opening every day, shops simultaneously announce that they have no more gold to sell.

Taking ‘hot seat’, CEO lends big money to Quoc Cuong Gia Lai Group

As soon as he took up the post of CEO of Quoc Cuong Gia Lai Group, Nguyen Quoc Cuong, nicknamed Cuong Dollar, lent VND30 billion to the company. Nguyen Thi Nhu Loan’s family members have lent VND83 billion to the company in total.

Vuong’s son takes office as CEO of EV trading

Pham Nhat Minh Hoang, the second son of dollar billionaire Pham Nhat Vuong, has become CEO of a company specializing in trading and leasing electric vehicles (EVs) with charter capital of VND200 billion.

Ministry says ‘no’ to proposal on raising family allowances

HCM City voters have proposed raising family allowances, or deductions for family circumstance, which have remained unchanged for more than 10 years, but the Ministry of Finance (MOF) says it cannot be done right now.

Vinhomes restructures industrial real estate segment, adds two new subsidiaries

Expanding its industrial portfolio, Vinhomes, under billionaire Pham Nhat Vuong, has split its industrial real estate unit, signaling bold new ambitions.

Vietnam takes advantage of low global rice prices with import surge

Vietnam is rapidly increasing rice imports as global prices hit a low point, making October’s import bill nearly 3.3 times higher than last year’s.

Kinh Bac City’s Q3 profits soar as Trump collaboration looms

Kinh Bac City Development Corp., led by Dang Thanh Tam, reported significant Q3 gains, poised for potential collaboration with the Trump family on a $1.5 billion project.

Fruit and vegetable exports likely to fetch US$7 billion this year

With fruit and vegetable exports soaring by over 31.5% to reach US$6.4 billion during the initial 10 months of the year, Vietnamese fruit and vegetable businesses are anticipated to rake in US$7 billion this year.

RoK cosmetics industry seeks to increase market share in Vietnam

The RoK’s annual cosmetics exports to Vietnam in 2023 increased by 122% compared to 2019, reflecting an average annual growth rate of 22.14%.

Foreign experts inspect Vietnam’s conditions for stock market upgrade

The State Securities Commission (SSC) held a working session with representatives from FTSE Russell and Morgan Stanley in Hanoi on November 4 to examine the upgrade of the Vietnamese stock market.

Monthly aquatic exports top 1 billion USD again after 2 years

Monthly aquatic exports have exceeded 1 billion USD again in October after more than two years, signaling a rosy future for the industry, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Numerous US businesses set to arrive in HCM City to implement signed agreements

From this month until early 2025, representatives of leading US investment funds and over 30 businesses will visit HCM City to seek investment opportunities.

Foxconn to invest 80 million USD in chip manufacturing expansion in Vietnam

Shunsin Technology Vietnam Co., Ltd., a subsidiary of Taiwanese tech giant Foxconn, is applying for an environmental permit for its 80 million USD chip manufacturing project in the northern province of Bac Giang.

Vietnam among top three ASEAN countries in term of industrial competitiveness

Vietnam is expected to be among the top three Southeast Asian countries in terms of industrial competitiveness by the end of this decade, as outlined in an action programme issued by the Ministry of Industry and Trade (MoIT) this week.

Business association launched to enhance Vietnam - Belgium economic ties

The Vietnam Business Association in Belgium (VBAB) was officially set up on November 3, marking a milestone in the economic relations between the two countries.

Vietnam proposes fairer two-part electricity pricing from 2025

A new electricity pricing system, balancing capacity and energy use, could take effect in Vietnam from 2025, marking a significant shift in how power costs are structured.

Tax authorities strengthen oversight of cross-border e-commerce

Vietnam's tax authorities are intensifying their oversight of e-commerce platforms, including the recently popular cross-border platform, Temu.

Ministry yet to consider adjusting family tax deduction rate now

The Ministry of Finance has said it is not the right time to adjust the family tax deduction rate, reasoning that the Consumer Price Index has not fluctuated significantly.

EU spends nearly US$3.1 billion purchasing garments and textiles from Vietnam

The EU spent nearly US$3.1 billion on importing garments and textiles from Vietnamese suppliers during the initial nine months of the year, up nearly 10% against the same period last year, according to the General Department of Vietnam Customs.

Vietnamese F&B industry works to catch up with green consumption trend

By promoting the use of green materials and technologies in production, Vietnam will win the world food and beverage market which is switching to the green consumption trend, according to experts.