Business

The country will export a first batch of ruby plums to Hong Kong this week at VND400,000 ($17) a kilogram, nearly double the domestic price. Nguyen Ngoc Huyen, CEO of agriculture and fruit import/export company Mia Group, said Hong Kong had great potential as their consumers loved the Vietnamese plums. …

The Ministry of Finance is sticking to its guns on imposing a special consumption tax on sugary drinks despite beverage businesses’ claims it will not prevent obesity. In a bill that is being reviewed by the Ministry of Justice, the finance ministry has however amended the term “sugary drinks” into …

Vietnamese dragon fruit exporters are expected to have another difficult year as more countries grow the fruit and make the international market increasingly competitive. According to the General Department of Customs, Vietnam’s exports have been plummeting since 2019. In 2021 and 2022 it did not make the list of billion-dollar …

The prices of some luxury apartments in Ho Chi Minh City’s District 1, the central business district, have fallen by almost 40%. Chau, a veteran real estate broker, said many owners are willing to take such a big cut since they need cash. They include apartments at The Grand Manhattan …

Many banks plan to increase their charter capital in 2023 in order to ensure operational safety and have more resources for business development. Data from the State Bank of Vietnam (SBV) showed that by the end of 2022, the charter capital of the whole banking system reached VND876.99 trillion, up …

Shrimp prices have fallen by up to 30% within a month, and threaten to cause losses to southern farmers. In the Mekong Delta provinces of Tien Giang and Ca Mau, the prices of shrimp sized 100 to a kilogram have declined by a third from four weeks ago to VND70,000-80,000 …

The ranking of office buildings will improve the quality of buildings and help tenants to evaluate properties accurately, ensuring reasonable rents for each segment. According to Jonathan Flexer, deputy director and head of the Tenant Representation Department at CBRE Ho Chi Minh City, the classification of office buildings for rent …

Many companies in the wind power industry are suffering losses after raising capital by issuing bonds whose interest rates have surged. Failing to qualify for the feed-in-tariff (FIT), a policy to support renewable energy production by providing a guaranteed, above-market price, has been a double whammy for some. To be …

After the surge in March, there was only one bond issuance in April, indicating that the difficulties plaguing the market have not gone away. The VND671 billion ($28.60 million), issuance was done by investment firm North Star Holdings with a maturity of 16 months and a coupon rate of 14%, …

SJC gold price fell 0.07% to VND67.2 million ($2,863.84) per tael Monday morning. Gold ring price went up 0.26% to VND57.5 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices edged up on Monday as the U.S. debt ceiling stalemate and concerns of an economic …