Business

At the age of 30 Thu Thuy became the head of her department with a high salary but quit two years later as there was little work-life balance. The 32-year-old, who lives in Ho Chi Minh City, says: “I’m the best employee in any company I work for.” Two years …

Ha bought a villa worth VND12 billion (US$508,500) from Novaland using cash and a VND5-billion bank loan after Vietnam’s fourth-biggest property developer pledged to cover most of the interest. But now Ha doesn’t know how she’s going to pay because the company has reneged on its commitment. In late 2021, …

Vietnam expects to rake in between 800,000 to $1 billion worth of seaculture product exports by 2025, according to a development project of the sector towards 2030 with a vision to 2045. Also by the time, the total area of seaculture is set to hit 280,000 hectares with an annual …

Exports of coconut products were worth $900 million last year and are expected to top $1 billion this year, according to the Vietnam Coconut Association. Cao Ba Dang Khoa, the association’s acting general secretary, said the country has risen to fourth place in Asia in terms of coconut exports. Every …

The Ministry of Agriculture and Rural Development has warned southern localities that a recent surge in durian farming could lead to an oversupply. Farmers in the Mekong Delta, central highlands and other southern regions are destroying their coffee, pepper and rice crops to farm durian instead, the ministry’s Department of …

Selling insurance products fetch banks trillions of Vietnamese dong (VND1 trillion = $42 million) in revenues each year, but with this comes dissatisfaction from customers who say they are “forced” to pay premiums to acquire loans. At the end of 2017, Vietnamese lender Sacombank and Japanese insurer Dai-ichi Life signed …

Vietnam’s benchmark VN-Index dropped 1.34% to 1,039.56 points Friday in its fourth straight losing session. The index closed 14.1 points lower after losing 0.62 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 45.8% to VND6.55 trillion ($275.30 million). The VN-30 basket, comprising the 30 …

The Rolls-Royce Phantom owned by Trinh Van Quyet, former FLC chairman, is being auctioned with a starting price of VND18.4 billion ($773,352), down 34% from three months ago when it was first put up for sale. The car, which cost Quyet an estimated VND51 billion in 2015, was used as …

Vietnam’s railway network planning expects to have 16 new national lines with a total length of about 4,802km by 2030. According to the Ministry of Transport, the planning for 2021-2030 will also upgrade seven existing lines, whose total length amounts to 2,440km. By 2050, the number of new rail lines …

The Ministry of Construction wants to reduce the number of social housing units to be built by 2030 from 1.4 million to one million due to a shortage of resources. Under its latest proposal to the Government, at least a million housing units will be built for low-income earners and …