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Business

Business

HCMC grade A office vacancy rate to rise to 29%

HCMC grade A office vacancy rate to rise to 29%

The vacancy rate at grade A office buildings in HCMC are likely to rise to 29% late this year from 4.2% now, real estate consultancy Knight Frank Vietnam has said. It also expects average monthly rent to fall to US$53 per square meter from $57 when supply increases sharply in …

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Samsung Bespoke Collection Welcomes Winnie the Pooh and Friends

Bespoke Winnie the Pooh Collection

The newest collection shows the limitless possibilities homeowners can bring to their kitchens with a whimsical touch of fan-favourite characters SINGAPORE – Media OutReach Newswire – 7 December 2023 – Some of your childhood favourites are here to bring a touch of whimsy, enchantment, and creativity to your kitchen décor! …

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Galaxy Cinema owner reports increased losses

Galaxy Cinema owner reports increased losses

Galaxy Entertainment and Education JSC, the owner of Galaxy Cinema chain, announced it incurred losses of more than VND620 billion (US$26.3 million) in 2022, up 68% from the previous year. The loss caused the company’s equity to decrease by more than threefold to VND260 billion. By the end of 2022, …

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Fertilizer exports decrease

Fertilizer exports decrease

Vietnam shipped abroad 692,259 tonnes of fertilizers in the first five months of this year for more than $289 million, down 8.9% in volume and 42.2% in value over the same period in 2022, reported the Vietnam Customs. In May alone, the export volume reached 154,995 tonnes of all kinds, …

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Gang investigated for smuggling three tons of gold

The Ministry of Public Security is investigating a group of 20 people suspected of smuggling three tons of gold worth VND5 trillion ($212 million) into Vietnam. The suspects include Le Xuan Tung, chairman and CEO of Phu Quy Gold Investment Company, who is also being investigated for tax evasion, ministry …

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Three companies under investigation for alleged stock manipulation

Three companies under investigation for alleged stock manipulation

Hanoi police are investigating property developer Asia Pacific Investment (API) and two related companies for alleged stock manipulation. The two other companies are Asia Pacific Securities (APS) and IDJ Vietnam Investment (IDJ). Hanoi Police announced the investigation on June 22 but did not provide specifics on which individuals are being …

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How Bamboo Airways plans to soar under new management

Property developer Him Lam, the new owner of Bamboo Airways, plans to build an aviation ecosystem centered around the latter while expanding its presence in Asia. Bamboo Airways began flying in 2019 and became the first private carrier to operate wide-body aircraft. It quickly expanded its fleet to nearly 30 …

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