Business

Vietnam needs to clarify its laws on foreign home ownership, as current regulations are inconsistent, and loopholes might be taken advantage of, lawmakers say. Lawmaker Pham Van Hoa, a member of the National Assembly Legal Committee, said that current laws allowed a foreigner with an entry permit to purchase homes …

Vietnam’s benchmark VN-Index dropped 0.88% to 1,105.4 points Monday, with foreign investors net selling after purchasing for six sessions straight. The index closed 9.82 points lower after losing 1.75 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 36% to VND14.32 trillion ($608.71 million). Foreign …

With the mission of “Bring Wonders to Life”, Shinhan Life focuses simultaneously on business development and social responsibility to improve the quality of life of Vietnamese people. Investing in children, the nation’s future generation is the emphasis of the community projects that Shinhan Life has been, and will be implementing …

Building social housing for lease rather than purchase will enable more low-income people to get accommodation and so incentive policies should be geared toward this, lawmakers have said. Nguyen Van Hien, a legislator and head of the Institute of Legislative Studies, said at a National Assembly session Monday that current …

Tech giant VNG expects a loss of VND572 billion (US$24.31 million) this year, its third annual loss in a row, it has informed shareholders. But it is an improvement from last year’s VND1.53 trillion loss. The company targets a 19% rise in revenues to VND9.3 trillion, and reported an income …

First MacBook Air laptops with 15-inch screens will be officially sold in Vietnam in the second or third week of July at a starting price of VND32.99 million (US$1,398), some Apple authorized resellers said. Vietnam will be the second group of markets selling the latest laptop model of Apple. In …

Many hotel owners in Ho Chi Minh City are seeking to sell out by knocking 30% off their prices amid the slow recovery in tourism. Trung, a real estate broker in the downtown area, said in the last two months he has seen a large number of hotels being put …

Vietnam’s durian export value reached more than US$500 million in the first five months, an increase of more than 18 times against the same period last year. According to the General Department of Customs, during the period, vegetable and fruit exports stayed at $2.03 billion, up 43% over the same …

Nova FnB Company, which specializes in providing food services at projects developed by Novaland, has been acquired by a Singaporean firm through the arrangement of VinaCapital. Investment fund VinaCapital confirmed the deal, but information on the buyer’s identity and the deal’s value has not been disclosed. The transaction takes place …