Business

The value of newly issued corporate bonds plummeted nearly 50 percent to VND20.37 trillion ($874.24 million) in November from October. The corporate bond market has cooled down somewhat as the Covid-19 outbreak is being brought under control, gradually. The government has asked relevant ministries and sectors to inspect the issuance …

The government has approved the resumption of international flights between Vietnam and nine destinations that have managed high vaccination rates and good pandemic control on January 1. They are San Francisco or Los Angeles (the U.S.), Singapore, Bangkok (Thailand), Phnom Penh (Cambodia), Vientiane (Laos), Beijing/Guangzhou (China), Tokyo (Japan), Seoul (South …

The government on Friday approved the resumption of regular international flights to nine destinations with high vaccination rates and good pandemic control from January 1. Flights will be connected first to nine destinations: San Francisco or Los Angeles (the U.S.), Singapore, Bangkok (Thailand), Phnom Penh (Cambodia), Vientiane (Laos), Beijing/Guangzhou (China), …

There’s not much concrete evidence, but Vietnamese investors are once again rushing to mine the Pi cryptocurrency, prompted by speculation that it could be the next Bitcoin. HCMC resident Thanh Lam reinstalled the Pi Network app on his smartphone recently after removing it earlier this year. He had given up …

Vietnam’s benchmark VN-Index dropped 0.3 percent to 1,463.54 points Friday, ending a chain of three gaining sessions, with improved trading value. The index stayed in the green in the morning but fluctuated in the afternoon to close four points lower after scoring 55 points in the last three sessions. Trading …

Authorities in HCMC have launched a boat tour at night on the Saigon River as part of efforts to increase tourism options. The tour run by Thuong Nhat Co. Ltd. will begin at the Bach Dang Wharf in District 1 and end at Binh An Wharf in Thu Duc City. …

Leading tourism company Vietravel, which has only now published its first-half earnings report, saw losses triple year-on-year to VND293.3 billion ($12.75 million) due to Covid-19 travel restrictions. Revenues were down by nearly half to VND545 billion while costs rose 42 percent to VND65.6 billion. Its carrier, Vietravel Airlines, recently resumed …

With affordable apartments almost non-existent and developers tending to focus on more profitable high-end projects, young people find house ownership in a major city an unrealistic aspiration. Returning to Vietnam after studying abroad for five years, Hoang Minh has been able to land a good job with remuneration that allows …

Apartment sales last month in the HCMC primary market rose by six times from October and 2.4 times year-on-year to 1,661 units, real estate services provider DKRA Vietnam said. During the month, developers launched 2,431 apartments, 6.6 times and 3.2 times up, and sold 68 percent of them, it said. …

The total value of mergers and acquisitions (M&A) in Vietnam stood at $8.8 billion in the first 10 months of this year, up 17.9 percent year-on-year, despite Covid-19 impacts. The figures were released by KPMG Vietnam at the annual Vietnam M&A Forum 2021held by the Dau Tu newspaper in HCMC …