Business

Investors in Novaland – issued international bonds, worth a total of $300 million, must pay almost double to convert the bonds to shares, according to a latest decision by the property developer. The conversion price is now set at VND77,000 ($3.14) per NVL share, 93% higher than it was in …

Grocery chain Bach Hoa Xanh, operated by electronics retail giant Mobile World, is set to sell a 5-10% stake to increase capital, down from an earlier plan to sell 20%. “Positive business results and cashflow in 2023 shows that Bach Hoa Xanh no longer needs to sell a 20% stake …

Hungarian Prime Minister Viktor Orban has called on Vietnamese companies to invest in his country, saying his government prioritizes creating a safe environment for new investors. Speaking at the Hungarian – Vietnamese Business Forum in Budapest on Friday amid Prime Minister Pham Minh Chinh’s visit, he said: “Vietnam’s economy is …

A Lunar New Year event called Vietnamese Tet Festival 2024 opened on Thursday evening at Le Van Tam Park in downtown Ho Chi Minh City and has interested foreign visitors. At the park’s main gate on Dien Bien Phu Street are three replicas of traditional houses complete with ancestral altars …

  A  showroom of Honda Vietnam located in Tây Hồ District, Hà Nội. — Photo courtesy of the company HÀ NỘI — The domestic automobile market has experienced mixed results after the expiration of the 50 per cent registration fee reduction policy on January 1, 2024. The end of this policy has impacted both …

A Lunar New Year event called Vietnamese Tet Festival 2024 opened on Thursday evening at Le Van Tam Park in downtown Ho Chi Minh City and has interested foreign visitors. At the park’s main gate on Dien Bien Phu Street are three replicas of traditional houses complete with ancestral altars …

  A banner advertising a sale of a secured land asset. Many secured assets are being put on auctions to recover debt amid rising pressure from bad debts in the context of economic difficulty. — Photo cafeland.vn  HÀ NỘI — Banks are selling property assets such as land, villas and houses …

A Toyota plant in Vĩnh Phúc Province. — VNA/VNS Photo HÀ NỘI — The automobile and motorbike supporting industries are likely to have opportunities to transform this year. To integrate deeply into the global supply chain, Vietnamese businesses are being forced to improve their competitiveness, expand production scale and focus on …

Garment production at Tinh Lợi Garment Company in Hải Dương Province. Việt Nam, currently among the top three global textile exporters, sees room for further economic integration and market expansion. — VNA/VNS Photo HÀ NỘI — Despite securing its position as the third-largest exporter of textiles and garments to the Canadian …

  Several large oil and gas companies have accumulated large amounts of debt in environmental protection tax, said the Ministry of Finance. VNA/VNS Photo HÀ NỘI – Eight out of ten insurance companies in Việt Nam were investigated by the Ministry of Finance (MoF) in 2023, including AIA, Dai-ichi, Manulife, Prudential, MB …