Business

Vietnam has been named the winner of the World’s Best Rice Contest for the second time, with six varieties, including the renowned ST25. The six varieties were submitted by two each from three companies: Ho Quang Tri Private Company, Loc Troi and Thaibinh Seed. They include the ST25 rice developed …

The property industry is seeing a revival in mergers and acquisitions with several large deals completed this year and the average transaction value at a record high. At a recent conference Dang Van Thanh, chairman of conglomerate TTC Group, said M&A is one of his company’s main focuses now. In …

The property industry is seeing a revival in mergers and acquisitions with several large deals completed this year and the average transaction value at a record high. At a recent conference Dang Van Thanh, chairman of conglomerate TTC Group, said M&A is one of his company’s main focuses now. In …

Prices of the popular gasoline RON95 on Thursday dropped for the third time this month whiel diesel slid to a four-month low. RON95 fell 0.13% to VND22,990 ($0.95) per liter, while biofuel E5 RON92 rose 0.46% to VND21,790. This was RON95’s third straight decline this month. Diesel declined for the …

Property developer Hung Thinh Land has deferred the redemption of bonds worth VND1.6 trillion ($65.95 million) by 15 months to November 2024. The bonds were issued in six tranches in 2020, with five maturing in August and one in October this year. In September other companies in the Hung Thinh …

The U.S. dollar rose against the Vietnamese dong Thursday morning to the highest since Nov. 16. Vietcombank sold the dollar at VND24,430, up 0.18% from Wednesday. The State Bank of Vietnam lowered its reference rate by 0.09% to VND23,891. The dollar was unchanged at VND24,650 on the black market. It …

The consumer price index (CPI) for November has gone up by 0.25% compared to the previous month and 3.45% to the same period last year, announced the General Statistics Office (GSO) on Nov. 29. The reasons behind the higher CPI include some localities raising the cost of healthcare services and …

Vietnam enjoyed a trade surplus of $24.44 billion as of Nov. 15 this year, according to data released by the General Statistics Office (GSO). The office reported that the total import-export turnover of goods hit $587.68 billion, down 9% year-over-year, with exports decreasing by 6.4% and imports dropping by 11.7% …

As many as 14,267 new businesses with a total registered capital of almost VND153.6 trillion ($6.3 billion) were established in November. The numbers respectively represented the surges of 19.5% and 47% year on year, according to the Business Registration Management Agency under the Ministry of Planning and Investment. The number …

Minister of Industry and Trade Nguyen Hong Dien has urged China to consider resuming imports of ornate rock lobsters from Vietnam at an early date. He made the request Monday at the 12th meeting of the inter-governmental China-Vietnam Economic and Trade Cooperation Committee. Exports of the lobsters, one of Vietnam’s …