- A series of Vietnamese billionaires lost their assets, one person left the Forbes USD billionaire list

Many Vietnamese billionaires saw their assets decline in the first two weeks of 2024 despite positive stock market developments. Mr. Nguyen Dang Quang left Forbes' list of USD billionaires. (See more)

- Many companies related to Hai Ha Petro family owe the bank nearly 900 billion VND

Hai Ha Waterway Transport Company Limited (Hai Ha Petro) not only owes more than VND 1,775 billion in taxes and VND 6,798 billion to banks, but related companies in the family of Ms. Tran Tuyet Mai and Mr. To Van Tho also owe banks nearly VND 900 billion, as of December 2023. In addition to the main enterprise Hai Ha Petro, the family of Ms. Tran Tuyet Mai and Mr. To Van Tho (Ms. Mai's husband) along with their sons, daughters-in-law, grandchildren... are also legal representatives or hold shares in a series of enterprises (according to Lao Dong).

- Revenue decreased by 93.5%, Giai Phong Auto still has 11 million VND in cash

Giai Phong Auto Joint Stock Company (stock code: GGG) has just announced its business results for the fourth quarter of 2023 with not very bright figures. The figures show that the company's net revenue in 2023 reached nearly 2.4 billion VND, down 93.5% compared to 37.2 billion VND last year. Notably, the amount of cash is only nearly 11 million VND, down from 3.9 billion VND at the beginning of the year. At the end of the third quarter of 2023, this company still had about 429 million VND in cash (according to Dan Tri).

- Which 'big guy' is behind the nearly half-billion-dollar horse racing track project in Hanoi ?

The People's Committee of Soc Son District (Hanoi) is collecting opinions from agencies, organizations, individuals and the community on the detailed planning project at a scale of 1/500 for the Multi-purpose Entertainment Complex - Horse Racing Track project, with a total investment of about 420 million USD. The investor of this project is H&G Company Limited - a joint venture between Hanoi Tourist Corporation and Global Consultant Network Co.Ltd (Korea). (See more)

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Detailed planning of the multi-purpose entertainment complex project - Soc Son horse racing track.

- Banks with accumulated losses of over 15% of charter capital may be subject to early intervention measures.

This is one of the contents mentioned in the Draft Law on Credit Institutions (amended) submitted to the National Assembly for consideration and approval at the 5th extraordinary session of the 15th National Assembly. The draft also sets out requirements and restrictive measures for credit institutions and foreign bank branches to intervene early (according to Monetary Security).

- Spending more than 500 million USD on imports, foreign lobsters are everywhere in Vietnamese markets

Vietnam has become a major shrimp farming and exporting country in the world, but in 2023, our country also spent more than 500 million USD on imports. 'Foreign' lobsters are sold everywhere in Vietnamese markets. According to the Ministry of Agriculture and Rural Development, in 2023, our country's shrimp exports reached 3.38 billion USD, down 21.7% compared to the previous year. Shrimp became the item with the second sharpest decrease in export value in the billion-dollar export group of the agricultural sector in the past year, the decrease was only behind tra fish. (See more)

Today, January 16, the price of gasoline and oil in the international market decreased following the downward trend from the previous session. Brent oil price fell to 77 USD/barrel and WTI oil price fell to 71 USD/barrel.

The stock market on January 16 recorded the VN-Index increasing by 9 points, to 1,163.12 points. The VN-Index fluctuated quite boringly during most of the trading time, but after 2 pm it was pulled up quite strongly. Most sectors traded positively, of which the steel sector shone the brightest.

The central exchange rate on January 16 was 23,987 VND/USD, down 5 VND compared to the previous session. Meanwhile, the USD price at commercial banks on January 16 increased quite strongly, listed at the end of the session at 24,340 VND/USD (buy) and 24,710 VND/USD (sell). The international USD price also increased.

The world gold price today, January 16, continued to increase as geopolitical instability in the Middle East threatens to last. The price of SJC gold bars cooled down a bit but remained at a sky-high level, 15.2 million VND/tael higher than the converted world price.

Bank interest rates today witnessed a "strange phenomenon" when all 5 banks in the group offering the highest deposit interest rates simultaneously decreased. Along with that, another "big guy" also decreased, becoming the 20th bank to reduce interest rates since the beginning of the year.