Business

Transactions in the Hanoi housing market’s townhouse and villa segments declined by 76% in 2023 to the lowest levels since 2014, according to property consultancy Savills. There were only 359 transactions during the year, it said. But their prices continued to rise, with the strongest increase seen in the primary …

  This is the 5th and the 8th consecutive year, respectively, that Phenikaa Group and Vicostone have won these awards. — Photo courtesy of Phenikaa  HCM CITY — Phenikaa Group and its member Vicostone JSC have been listed among the top 500 largest enterprises (VNR500) in Việt Nam in 2023.  The award-granting ceremony …

  Representatives of British International Investment (BII) and Asian Development Bank (ADB) sign a partnership to finance up to US$100 million of green trade transactions in the region including Viet Nam. – Photo Courtesy from UK Ambassy to Vietnam HÀ NỘI — British International Investment (BII), the UK’s development finance institution (DFI) …

Many apartment and townhouse owners are planning to adjust rental rates by 15-20% after the Lunar New Year holiday. Owning a 53-sq.m condo apartment on Thong Nhat Street in Ho Chi Minh City’s Go Vap District, Linh, 48, said she is considering raising the rent from VND6 million (US$245) to …

The tension in the Red Sea, which has led to increases in logistic costs and shipping time, is forecast to affect Vietnamese exporters of garment, textile, footwear and leather products from the second quarter of 2024 if it persists. The Vietnam Leather, Footwear and Handbag Association (Lefaso) and the Vietnam …

Facilities of Bình Dương Water – Environment Corporation Joint Stock Company (Biwase). Biwase estimates that its total revenue for 2023 will reach nearly VNĐ4 trillion, a 2 per cent increase compared to 2022, successfully meeting 100 per cent of the annual plan. — Photo Biwase HÀ NỘI — Numerous companies …

While several private banks broke their rising profit streaks in 2023, state-owned banks maintained double-digit growth rates. Fourteen out of 27 listed banks saw profits decrease over the first nine months against the same period in 2022. Businesses’ low capital absorption led to low credit growth, while high bad debt …

The State Bank of Vietnam is concerned about gold speculation and smuggling and wants the government to monitor the market. It has called on the Ministries of Industry and Trade, Public Security and Finance to look for violations in the trading of gold and gold bullion. It wants them to …

Old Vietnamese people used to say that “wealthy people in the countryside are never as rich as idle people in a big city,” but this is no longer true. In HCMC, a couple’s combined monthly income of nearly VND25 million (US$1,018) is considered aspirational in the countryside. However, life in …

For more than a week, Saigonese youth have stood in line at street-side stalls to buy stone-grilled sausages after the popular street food originating from China recently stormed social media. Thu Thao queued up behind a dozen people and waited more than 15 minutes in front of a fast-food truck …