Business

Buyers of social housing buyers will be able to borrow from a VND120 trillion ($5.08 billion) government support package at annual interest rate of 8.2%. From now until June 30, qualifying homebuyers can borrow at the rate for a term of 5 years, according to the State Bank. Social project …

Seedcom, which owns The Coffee House and fashion store chain June, has reported a 14.5% increase in losses to VND270 billion ($11.5 million) last year. However, revenues rose by 60% thanks to increasing contributions by its fashion and supermarket chains, according to its consolidated financial results. Since the onset of …

Economic difficulties would persist in the second quarter of the year, posing a challenge to meeting the year’s GDP growth target, the Ministry of Planning and Investment predicted. At an online conference between the national Government and local authorities on Monday, the ministry said production and business, including industrial production, …

Waiting for nearly three hours to complete entry procedures and pick up luggage while receiving an unfriendly welcome from immigration officers are what foreigners are experiencing at Vietnam’s busiest airports. After landing at Tan Son Nhat International Airport in Ho Chi Minh City (HCMC) in March, Spanish tourist Antonio felt …

Despite a 30% fall in housing prices in March, buyers remain on the sidelines, waiting for them to decline even further. Demand in all segments – apartments, land plots, townhouses, and villas – decreased by 50-90% in the first three months of this year despite declining prices. A survey by …

Vietnam’s benchmark VN-Index rose 1.38 percent to 1079.28 points Monday, making it tenth consecutive session in the green. The index closed 14.64 points higher after gaining 5.20 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 19.82% percent to VND14.17 trillion ($604.1 million). The VN-30 …

Gasoline prices slightly rose on Monday after falling to its lowest in 2 months on March 21. RON95 went up 0.39% to VND23,120 ($0.98) per liter. E5 RON92 increased by 0.28% to VND22,080. Diesel stopped its downward trend with a 0.67% rise to VND19,430. Globally, average price of fuel products …

SJC gold price dropped 0.01% to VND66.9 million ($2,850.45) per tael Monday morning. Gold ring price fell 0.17% to VND55.85 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally, gold prices slipped on Monday as a sturdy dollar made the greenback-denominated metal less affordable for buyers holding …

The U.S. dollar fell marginally against the Vietnamese dong on the black market Monday morning. Unofficial exchange points sold the greenback at VND23,480, down 0.17%. Vietcombank sold the dollar at VND23,660 Monday, up 0.13%. Eximbank sold the greenback at VND23,640, a 0.13% decrease, while the rate at Techcombank is VND23,655, …

The U.S. dollar fell marginally against the Vietnamese dong on the black market Monday morning. Unofficial exchange points sold the greenback at VND23,480, down 0.17%. Vietcombank sold the dollar at VND23,660 Monday, up 0.13%. Eximbank sold the greenback at VND23,640, a 0.13% decrease, while the rate at Techcombank is VND23,655, …