In 2009, when the VN Index soared from 324 points to the year's peak of 630 points, the richest stock billionaire had total assets worth over VND9 trillion. But now, one needs to have much more to be listed among the top billionaires. KBC price hovers around VND14,950 per share. With 75 million KBC in hands, Tam now ranks 53rd on the list of top billionaires. … [Read more...] about How much is needed to be listed among the top stock billionaires in Vietnam?
Stock market 1920s
Commercial banks in Vietnam will be directed by the SBV to cut or delay interest payments. Photo: the State Bank of Vietnam Previously, VIR reported on how firms which are hit particularly hard by COVID-19 could get reduced lending rates or tolerance to loans. … [Read more...] about SBV orders banks to cut or delay interest payments to cushion economy
Lê Thị Huỳnh Mai, director of the city’s Department of Planning and Investment, said the city’s total retail sales of goods and service revenue reached VNĐ113 trillion ($4.86 billion) in January, up 3.6 per cent compared to December and up 11.2 per cent over the same period last year. … [Read more...] about City aims to improve production of major industries
Under the plan, Quy Nhon City is expected to become a national marine economic hub offering services, a seaport, industrial production and tourism. Services and the seaport are considered key factors driving growth of urban areas in the province, as well as the south central and Central Highlands regions of Vietnam. … [Read more...] about Regional planning for Binh Dinh Province approved
Handsets are manufactured at a Samsung Electronics Việt Nam factory in the northern province of Thái Nguyên. — VNA/VNS Photo Hoàng Hùng Viet Nam News HCM CITY — Growth opportunities abound in the internet of things segment but problems like outdated technologies, poor management skills and low technical capacity are preventing Vietnamese firms from entering global value chains, a workshop heard in HCM City on Thursday. … [Read more...] about Global value chains a mixed bag for IT firms