Business

The first batch of Vietnamese seedless lychees arrived in the U.K. on Friday, becoming the fourth specialty fruit of Vietnam exported via the official channel to the demanding market this year. The batch was imported by TT Meridian – a distributor of Vietnamese lychees and agricultural products in the U.K. …

Recent interest cuts by the State Bank of Vietnam (SBV) could send trillions of dong (VND1 trillion = US$42.5 million) in savings into the property market, according to the Vietnam Association of Realtors (VARs). This could send investors hunting for good deals in the property market despite the tightening of …

The operator of the cable car linking Cat Ba Island in the northern Hai Phong City has reported a loss of over VND284 billion (US$12.07 million) for last year. It was 8% lower than its losses in 2021. Cat Ba Sun’s debt-equity ratio declined from 8.2 to 6.1. It had …

SJC gold price dropped 0.07% to VND67.1 million ($2,851.68) per tael Saturday morning. Gold ring price lost 0.18% to VND56.55 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices were choppy on Friday as investors juggled a hawkish Federal Reserve outlook on interest rates, which …

Businesses complain that it takes them two or three months to obtain a work permit for a foreign expert, but HCMC officials have denied the claim, saying all paperwork is processed within 10 days. In a meeting with HCMC authorities on Friday, business representatives said they were having difficulties acquiring …

Coffee prices have soared past VND67,000 (US$2.85) per kilogram, the highest ever levels. Prices of raw coffee in the Central Highlands region, the country’s largest coffee-growing area, have increased by VND3,000-5,000 per kilogram since last week to VND67,200 in Dak Nong and VND64,000-65,000 in Lam Dong and Kon Tum. Data …

Seedless lychee, grown commercially for the first time in the central province of Thanh Hoa, has been exported to Japan, where it is sold at VND800,000 ($34) a kilogram. The fruit, which was imported and grown experimentally on 30 hectares, is has a high yield, and 1,100 kilograms were exported …

Vietnam Airlines has called off its general meeting on June 20 and has yet to select a new date for it. The state-owned airline said in a statement that it needed more time to prepare for the meeting, which will be organized before August 30. It will finalize the list …

Bridgestone Vietnam has completed the construction of the Suoi Da Bridge in Gia Lai Province, as part of its commitment to ensuring accessibility and dignity for all. Bridgestone Tire Sales Vietnam LLC (Bridgestone Vietnam) held a ceremony on June 9 to inaugurate the bridge in Phu My village, Ia Bang …

Vietnam’s central bank said on Friday it was cutting its key interest rates by 50 basis points, its fourth policy rates adjustment this year, to support slowing economic growth amid global uncertainties. The refinance rate was cut to 4.5%, the discount rate to 3.0% and the electronic interbank rate to …