Business

HONG KONG SAR – Media OutReach Newswire – 5 December 2023 – Hong Kong’s Avenue of Stars lit up in the glitziest fashion on Friday night (30 November) as French fashion house Louis Vuitton took over the promenade for its first-ever fashion show in the city. Overlooking Hong Kong’s stunning …

Rice exports have increased by 49% year-on-year in the first five months to US$2.02 billion, the highest growth in 10 years. It grew by 40.8% in volume terms to 3.9 million tons, according to the Ministry of Agriculture and Rural Development. The Philippines was the biggest buyer with 1.29 million …

CapitaLand Development has distributed school essentials to 1,400 students at four schools and kindergartens in Vietnam as part of the CapitaLand Hope School program. The distribution took place during end-of-term celebrations held at the schools from May 24 to 29. More than 50 staff volunteers from CapitaLand Development CLD (Vietnam) …

It takes over 500 days to get all the necessary permits to develop a social housing project, but few people are eligible to buy the houses once completed. Hanoi property developer Hoa Binh only recently received the permits to build a social housing project in the capital’s Hoang Mai District …

Number of active users using a mobile-learning app in Việt Nam significantly jumped. — Photo taken from Duolingo report HCM CITY — Lâm Kim Ngân, a student in HCM City, recently surprised her friends and family by passing HSK3, a Chinese language proficiency test, with a score of 285 out …

Vietnam’s most valuable listed lender, Vietcombank, is tapping advisers for plans to raise at least $600 million in fresh equity capital to build firepower and better compete with its rivals, two sources familiar with the matter said. The majority state-owned bank, with a market capitalization of nearly VND450 trillion ($19 …

Some 700 trucks, most of them carrying durian, are stuck trying to enter China from Vietnam’s Lang Son Province, thanks to high demand during the fruit’s harvest season. The congestion has clogged northern border crossings for more than a week, especially at the Huu Nghi border gate, where the export …

The mass layoffs that began last year amid a market decline continue in the struggling property sector, with major developers and brokerages downsizing their sales teams to survive. Property developer Dat Xanh Group laid off 1,384 people in the first quarter after letting go 3,191 in the previous one. Its …

Vietnam-grown Musang King durian has seen prices plunging by half in Vietnam in over two months due to abundant supply. Loan in Ho Chi Minh City’s District 8 is selling a kilogram of Musang King durian flesh at VND650,000 ($27.68), down by half from early March. This is the lowest …