Business

Over 634,000 motorbikes were sold in Vietnam in the first three months, which translates to almost five units every minute. The figure dropped by nearly 16% year-on-year, according to the Vietnam Association of Motorcycle Manufacturers, which comprises Honda, Yamaha, Piaggio, Suzuki and SYM. The motorbike sales figure was 7.3 times …

SJC gold price rose 0.07% to VND67.05 million ($2,855.75) per tael Tuesday afternoon. Gold ring price gained 0.09% to VND56.85 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices ticked higher on Tuesday helped by a softer dollar and a retreat in Treasury yields, while …

Southeast Asian travel firm Tripzilla has listed Sao Beach off the southern island of Phu Quoc as one of Asia’s 15 best beaches for summer vacation. Located around 25 km from downtown Phu Quoc, Sao Beach features 7 km of white sand along Phu Quoc’s southern tip. “It tends to …

The Malaysian government said it would reduce the application process for expatriate visas from the current three months to five days to facilitate entry and speed up economic growth. “We are aiming to shorten the length of the process as it is one of the obstacles, especially for investors who …

So far this year, foreign direct investment (FDI) channeled into Vietnam neared 8.9 billion USD, with new capital surging after a slight decrease in the first three months. According to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), there were 750 new projects granted investment licences worth over …

Tech giant FPT is set to install a sixth cable at a cost of US$87 million to connect Vietnam with the undersea Asia Link Cable. Its subsidiary FPT Telecom will present the plan to shareholders for approval at its annual general meeting Tuesday. The company will invest 30% of the …

Vinhomes, the country’s largest property developer, reported net revenues tripled year-on-year in the first quarter to VND29.3 trillion (US$1.2 billion). Its gross profit was up 70% at VND6.6 trillion, its first quarter results show. Vinhomes said most of it was profit from the sale of its projects to its subsidiaries. …

Techcombank’s real estate loan portfolio might be big but most are personal loans or to develop projects that do not face legal issues, its chairman, Ho Hung Anh, said. At the lender’s annual general meeting on April 22 he said since the property developments have full legal status, even “in …

CNN has revealed its top 24 sandwiches in the world in 2023, with banh mi as Vietnam’s representative. The list was released on April 20 to guide travelers on what sandwich to try on their next trip. Banh mi (Vietnamese baguettes) can be easily found at street vendors and food …

Amid rising interest rates, Hanoi’s cash-strapped villa investors are slashing prices by up to 40% to lure customers. Loi spent VND32.5 billion (nearly $1.4 million) on a 180-square meter villa near Ring Road No. 3.5 in mid-2022. He paid for the house with a bank loan and VND11 billion of …