Business

No one has been able to borrow from the VND120-trillion (US$5.11 billion) credit package the government launched two months ago since there is no supply of social housing. The outdated criteria to determine who can buy social housing also make buying difficult, deputy head of the State Bank of Vietnam’s …

President Joe Biden said he has vetoed legislation passed by the U.S. Congress that would repeal exemptions on American tariffs on imported solar panels from four Southeast Asian nations. The waivers for duties on panels made in Malaysia, Cambodia, Vietnam and Thailand, granted by Biden in June 2022, are set …

Chinese electric car company Zhidou plans to begin selling its mini electric A01 car model at an expected price of VND100 million ($4,260) in Vietnam within the next three months. Zhidou displayed its mini electric car A01 the ongoing 2023 Autotech & Accessories exhibition in HCMC. This small vehicle is …

The poultry industry has expressed fears of bankruptcy due to growing costs and increasing incidence of smuggling. The Vietnam Poultry Association (VIPA) said in a recent petition to the government that inconsistent demand has caused prices to crash, sometimes to two-thirds of cost. This, along with rising input costs, have …

Twenty-year Military Bank (MB) veteran Pham Nhu Anh was appointed its new general director on Thursday. Anh, 43, was assigned as deputy general director in charge of the executive board on April 12, assuming the powers and duties of the general director, after his predecessor Luu Trung Thai was elected …

The owner of a Hyundai SUV and an authorized dealership in Quang Ninh Province have argued over an engine issue, with the former demanding a complete engine replacement. Hoang Xuan Toan bought his Santa Fe April last year, but by December the car suddenly slowed from 90 to 50 kph …

Vietnam’s benchmark VN-Index dropped 0.12% to 1067.07 points Friday with foreign investors trade rising 10 times from Thursday. The index closed 1.24 points lower after gaining 7.87 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 13.82% to VND13.36 trillion ($568.99 million). Foreign investors were …

  Prime Minister Phạm Minh Chính witnesses the exchange of cooperation documents at the business forum. — VNA/VNS Photo DUBAI — Việt Nam needs international support, financial cooperation, cutting-edge technology and high-quality personnel to serve its green transition, Prime Minister Phạm Minh Chính told a business forum in Dubai on Saturday. The …

Some large enterprises have had to sell stakes and assets at low prices due to cash flow difficulties, the government has said in a report to the National Assembly. The report on the socioeconomic situation in 2022-23 will be discussed by lawmakers on the opening day of a new session …

Spanner crab prices have shot up by 20-25% from last year to VND4 million (US$170), and stores demand pre-orders due to very low supply. Seafood merchants in HCMC are selling two-kilogram crabs at VND1.7-1.8 million per kilogram on average, more expensive than scalloped spiny lobsters and on a par with …