Car manufacturer VinFast has announced the signing of agreements with Credit Suisse (Singapore) Ltd and Citigroup Global Markets Inc., raising at least US$4 billion to develop an electric vehicle factory in North Carolina.
Viet Nam’s benchmark VN-Index declined on Thursday morning as investors sought ways to leave large-caps and turned to smaller stocks amid uncertain market conditions.
The exchange rate between the dong and the US dollar will be stable and end at VND22,900 per US dollar by the end of 2018, predicts Ngo DangKhoa, head of Global Markets, HSBC Bank Viet Nam.
Vietnamese shares experienced the third strongest turbulence in a week on Friday morning as investor confidence was hit by a fresh fall in the global market.
Vietnamese shares tumbled on Monday morning as investors increased selling on the market’s prolonged rally and due to negative trading in the global market.