Business

Many pharmaceutical firms have reported record profits in 2022 thanks to high demand for drugs and other healthcare products post-Covid. DHG Pharma reported a profit of VND988 billion (US$42.1 million), a 27% increase from 2021 and 29% higher than the management’s target. It is the highest profit it has reported …

Vietnam attracted foreign direct investment (FDI) worth $1.69 billion as of January 20 this year, down 19.8% year-on-year, according to the General Statistics Office. In the month, local authorities granted licenses for 153 new FDI projects worth $1.2 billion, up 48.5% in number and 3.1 times in value. Among these …

The Consumer Price Index rose by 4.89% year-on-year in January as many goods became costlier during Tet. The effect was exaggerated by the fact last year Tet fell on February 1 and not in January, meaning prices remained low during the latter month. Another reason is that fuel prices have …

Toan, a 50-year-old farmer in a remote central highlands commune, is in debt tens of billions of dong (VND1 billion =$42,900) after reaping big profits during the “land fever” of 2021. Like so many others in Lam Dong Province and other rural areas of southern Vietnam, Toan saw the value …

HSBC predicts that Vietnam’s tourism, trade and FDI will have rosy prospects this year as China reopens borders. According to its latest report on Southeast Asia, HSBC said Thailand will benefit the most from China’s reopening. It said further that tourism in Vietnam was also expected to perform well as …

The supply of apartments in southern Vietnam, especially Ho Chi Minh City and neighboring Binh Duong Province, is expected to fall 25% in 2023, according to property consultancy DKRA Vietnam. Decreasing demand for apartments in the region is also forecast to continue through at least the middle of the year. …

Many lottery companies in southern Vietnam reported that pre-tax profits increased by around 1.5 times in 2022 as life returned to normal after the Covid pandemic. The HCMC Lottery Co., a leading lottery firm in the south, reported revenues of VND12.18 trillion ($516.1 million), surging nearly 60% against 2021. Meanwhile, …

Thanh Cong, distributor of South Korea’s Hyundai automobiles in Vietnam, recorded a revenue of VND118 trillion ($5 billion) last year, an increase of 15.6% over 2021. The Thanh Cong Group sold more than 81,500 Hyundai automobiles of all kinds during the year, accounting for some 16% of the country’s total …

Over 46% of job seekers want a monthly salary higher than VND20 million ($850), but firms are only able to pay this level to less than 11% of job vacancies. The report on the HCMC labor market by the HCMC Center of Forecasting Manpower Needs and Labor Market Information under …

Vinasun’s payroll increased by 10% last year, the first time since 2016 hires outnumbered layoffs. The leading taxi operator said it had 2,013 employees at the end of last year, 136 more than at the beginning of the year. General director Ta Long Hy said the figures do not fully …