HSBC reports 'record profit' of $30.3 bn in 2023
By AFP
February 21, 2024 | 14:38
HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax gains soared by nearly 80 percent, with the banking giant also announcing further share buybacks.
Malaysia's Public Bank Vietnam to take over RHB Securities Vietnam
By Thanh Van
February 21, 2024 | 11:22
Public Bank Vietnam Limited (PBVN), a wholly-owned subsidiary of Malaysia's Public Bank Berhad (PBB), is acquiring an entire stake in RHB Securities Vietnam Company (RHBSVN) for about $15.2 million.
Vietnam Stock Exchange’s revenue down nearly 44 pc in 2023
By VNA
February 21, 2024 | 09:48
The Vietnam Stock Exchange (VNX) reported revenue of over 1.92 trillion VND (78.26 million USD) in 2023, down nearly 44 per cent compared to the previous year.
Australia's ANZ, Suncorp overcome objection to major merger
By AFP
February 20, 2024 | 12:58
Australia's ANZ and Suncorp banks jumped a big hurdle in their proposed US$3.2 billion merger Tuesday, as a tribunal overrode a consumer watchdog's concerns.
US announces acceptance period for Vietnamese firms’ requests for antidumping duty administrative review
By VNA
February 20, 2024 | 10:41
The US Department of Commerce (DOC) has issued a notice regarding the acceptance period for requests for antidumping and countervailing duty administrative reviews regarding certain imported products from Vietnam, according to the Trade Remedies Authority of Vietnam.
Gold price decreases on God of Wealth Day
By VNA
February 19, 2024 | 13:07
Domestic gold price decreased by 150,000 VND (6.1 USD) per tael (37.5 grams) at the beginning of trading on February 19 - God of Wealth Day (the tenth day of the first lunar month) compared to the price at the end of February 18, with many fluctuations expected on the market during the day.
PM instructs action for stock market upgrade
By VNA
February 19, 2024 | 11:45
Prime Minister Pham Minh Chinh has instructed the Ministry of Finance, State Bank of Vietnam and the Ministry of Planning and Investment to address obstacles in relevant sectors for upgrading the stock market from frontier to emerging status.
Vietnam’s consumer gold demand down in 2023
By Bich Thuy
February 19, 2024 | 08:37
Vietnam saw a drop in overall consumer gold demand last year.
US dollar dominance not under threat, despite risks: Fed official
By AFP
February 16, 2024 | 11:38
The status of the US dollar as the world's reserve currency is likely to continue, despite threats posed by China's rise and the growth of cryptocurrencies, a US Federal Reserve official said Thursday.
Bitcoin's renewed euphoria as price keeps rising
By AFP
February 16, 2024 | 10:47
Bitcoin is forecast to keep on rising after hitting fresh two-year highs above $50,000 on Thursday, leaving analysts to wonder whether investors have moved on from recent cryptocurrency setbacks, including scandals.
Visa venture combats pay fraud
By Thuy Dinh
February 14, 2024 | 21:53
Visa has spotlighted its evolution through new changes to its dispute processes in January, making it easier for merchants to fight first-party misuse for card-not-present transactions.
Vietnam maturing into respected capital player
By Le Luu
February 12, 2024 | 23:29
Dragon Capital is heavily investing in Vietnam and has been ever-present in the country for three decades. In an exclusive interview, chairman Dominic Scriven shared insights with VIR’s Le Luu into the evolving Vietnamese capital market.
Multi-pronged approach to fortify monetary policy
By Hong Dung
February 10, 2024 | 22:32
It has been a period of heightened global economic tribulations, with Vietnam facing its share
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