Bitcoin Crash Erases $1.1 Billion as Investors Panic
Bitcoin's price has plummeted to $80,350, resulting in a staggering $1.1 billion loss in the derivatives market. This sudden drop has triggered a wave of panic selling among investors.
Business
Vietreader's Business section covers Vietnam's business and economy. It reports on tech, retail, finance, startups, entrepreneurship, and more
Global Oil Prices Exceed $100: Implications for Gasoline Costs
Global oil prices have surged past $100 per barrel, raising concerns about the impact on domestic gasoline prices in Vietnam. With tax incentives set to expire at the end of September, the situation poses challenges for supply and pricing in the coming months.
Sonadezi to Distribute 2,500 VND per Share Dividend
Sonadezi Corporation has announced a cash dividend of 2,500 VND per share for 2025, marking the 16th consecutive year of dividend payments. The payment date is set for September 30, 2026.
Vietnam's Agricultural Exports Have Great Potential in Algeria
Vietnam's agricultural exports to Algeria have seen a steady increase in recent years, but there remains significant untapped potential in the North African market. Key products like coffee and rice dominate exports, yet many Vietnamese goods have not fully penetrated this market.
Vinamilk Shares Surge Amid Positive Business Results
Vinamilk's shares experienced a significant surge on August 7, 2026, reaching a peak price of 63,100 VND per share, marking a nearly 7% increase. This rise comes as the company's financial performance shows notable improvement.
Graybar Reports Record Second Quarter Results
Graybar has announced record financial results for the second quarter of 2026, achieving net sales of $3.8 billion and net income of $158.6 million. This marks the highest quarterly performance in the company's history.
Samsung and SK Hynix Shares Surge Amid AI Optimism
Samsung Electronics and SK Hynix saw significant stock gains of over 20% and 25%, respectively, following a rally in U.S. technology stocks. This surge was driven by strong earnings reports from major companies like Amazon and Microsoft, boosting investor confidence in AI-related investments.
Vinhomes Reports Record Profit of Over 52 Trillion VND in H1 2023
Vinhomes has achieved a record net profit of over 52 trillion VND in the first half of 2023, marking a significant increase compared to the previous year. The company's financial report indicates a remarkable growth in revenue and profit margins.
SSI to Distribute 2.5 Trillion VND in Dividends and Issue Over 500 Million Bonus Shares
SSI has announced plans to distribute 2.5 trillion VND in cash dividends and issue over 500 million bonus shares. This decision aims to enhance shareholder value and increase the company's charter capital significantly.
Vietnam's Total Credit Outstanding Exceeds 20 Trillion VND
Vietnam's total credit outstanding has surpassed 20 trillion VND, reflecting a significant increase in economic support from the banking sector. The latest figures indicate a 7.86% growth in credit as of mid-2026.
Airlines See Surge in Revenue Amid Summer Travel Boom
As the summer travel season kicks off, major airlines in Taiwan are experiencing a significant increase in revenue. With strong demand for both passenger and cargo services, experts predict continued growth in the third quarter.
Goldman Sachs Warns of Inflation Surge Due to Rising Costs
Goldman Sachs has indicated that rising prices in memory, electricity, and software could increase core Personal Consumption Expenditures (PCE) by 0.5 percentage points by the end of the year. This development raises concerns about inflation in the U.S. economy.
Investing in Chip Stocks: Time to Buy ASML and Taiwan Semiconductor
Recent volatility in the semiconductor market presents a buying opportunity for long-term investors. Analysts suggest that companies like ASML and Taiwan Semiconductor are poised for growth in the AI revolution.
Unprecedented Revenue Surge for Advanced Packaging Leader
Advanced packaging giant ASE Technology Holding Co. has reported record-breaking revenue figures, highlighting a significant demand for semiconductor materials. The company’s June revenue reached 65.783 billion TWD, marking a historic high for the month.
UOB Raises Vietnam's 2026 GDP Growth Forecast to 8.5%
United Overseas Bank (UOB) has upgraded its forecast for Vietnam's GDP growth in 2026 to 8.5%, reflecting strong economic momentum despite global uncertainties. The bank noted significant growth across various sectors, particularly manufacturing.
UK firms report fastest spread of cost pressures on record as inflation fears build again
British companies are seeing cost pressures spread at the fastest pace on record, according to fresh business survey data that has added to concerns over inflation in the UK economy. Reuters reported on 23 April that the latest purchasing managers’ index data showed input-cost growth accelerating
Sainsbury’s warns Iran war could hit shoppers and retailers as costs come back into focus
Sainsbury’s has warned that the conflict involving Iran could put fresh pressure on both customers and retailers, making it one of the more closely watched UK business stories this week. Reuters reported on 23 April that the supermarket expects the crisis to affect consumer spending as well as its