Business

The story of a Chinese tourist who bought a cheap tour package to Southeast Asia and was kidnapped for three years recently went viral on Chinese social media. The victim, identified as only Zhang, said he wanted to share his story to warn people to be careful while buying tour …

  An SCB branch in HCM City’s District 3. Trương Mỹ Lan, chairwoman of Vạn Thịnh Phát, owned a 91.5 per cent stake in SCB and obtained loans worth VNĐ545 trillion from it using a network of over 1,000 affiliated companies. HCM CITY — The police are scouring the country …

The expert stresses the importance of investing early as the financial market does not require a large amount of starting capital, but rather skills and experience. Question from reader Hien111: I am 26 years old and working at a company for a monthly salary of approximately VND10 million (US$400). I …

Vietnam recorded a public debt of VND3.8 quadrillion ($156.57 billion), or 37% of GDP, way below the National Assembly’s 60% cap. Government debt was at 34% of GDP, below the 50% cap, which the government considers positive, with an increase in domestic debt ratio (to 71%) and a decline in …

Vietnam’s stock market capitalization totaled $240 billion last year, equivalent to 56.4% of the country’s GDP. The government aims to make Vietnam’s stock market equivalent to 100% of its GDP by 2025 and 120% by 2030. Vietnam’s benchmark VN-Index went through a turbulent year in 2023. It surged in the …

Banks are offering loans interest-free for the first month and unsecured loans through credit cards to attract borrowers, but are still finding it hard to attract borrowers. As of Dec. 13 banks’ credit for the year had grown by 9.87% as against a target of 14.5% for the full year. …

The property market is expected to commence its rebound from mid-2024, but robust and sustained strength will not materialize until the third quarter of 2025, said experts. In its latest report on the market, real estate research company and buying-selling platform Batdongsan said the “turning point” for the market would …

The central bank always closely monitors gold market developments. VNA/VNS Photo HÀ NỘI The central bank has warned people to take caution when trading gold amid the strong fluctuations of the precious metal. Đào Xuân Tuấn, Director of the State Bank of Vietnam (SBV)’s Department of Foreign Exchange Management, noted …

Several countries have bought more durian from Vietnam this year as farmers have increased the quality of the fruit. Durians in an orchard in the Mekong Delta city of Can Tho. Photo by VnExpress/ Manh Khuong Vietnam exported $2.2 billion worth of durian in the first 11 months, up five …

The tourism industry, after achieving last year’s targets, hopes to attract 18 million foreign visitors in 2024, the same number as in 2019, the year before Covid-19 began. It eyes revenues of VND840 trillion (US$34 billion), up 1.25 times from last year, according to the Vietnam National Authority of Tourism. …