Business

Prime Minister Pham Minh Chinh issued statements Monday urging property developers to combat the housing shortage by building more affordable homes that “meet the needs of more people.” Property developers should focus on social housing and workers’ housing instead of high-end properties, according to the Prime Minister, who added that …

Banks have cut deposit interest rates from 0.1-0.7 percentage points in the past two weeks, bringing the general interest rate down to less than 9% a year. Since the State Bank ò Vietnam reduced the policy rate in mid-March, more than a dozen banks, including VPBank, VIB, Sacombank, SHB, HDBank …

The U.S. dollar dropped against the Vietnamese dong Tuesday afternoon to the lowest since Feb. 6. Vietcombank sold the dollar at VND23,660, down 0.08% from Monday. Techcombank lowered its rate by 0.02% to VND23,680. Eximbank maintained the greenback at VND23,670. The State Bank of Vietnam set its reference rate up …

When the property market is hot, and in many cases prices double in a short time, people continue to buy, but wait on the sidelines during a prolonged price decline. Difficulties in real estate market to last until late 2024: experts Vietnamese real estate remain attractive to foreign investors The …

The first Vietnamese customers on Monday received their VF9s, the most expensive electric sport utility vehicle (SUV) produced by Vietnamese automaker VinFast. VinFast delivered the VF9 cars to the first 27 local customers at delivery ceremonies held in shopping malls in Hanoi, Da Nang and Ho Chi Minh City. The …

Dutch-based online travel agency Booking.com has named the resort town of Mui Ne one of the six most ideal destinations in the world for a hot air balloon ride. Mui Ne, around 12 km away from Phan Thiet, the capital of Binh Thuan Province on the south central coast, is …

NovaGroup wants to sell a 2% stake in Novaland, and if the transaction goes through, chairman Bui Thanh Nhon and his family will become minority shareholders. In a notice sent to the Ho Chi Minh City Stock Exchange on Monday, NovaGroup said it would sell 38 million shares between March …

Mobile World is expecting revenues to mostly flatline this year while FPT Retail is anticipating halved profits as the electronics market continues to suffer the pangs of current economic strife. FPT Retail is the owner of consumer electronics chain stores FPT Shop and pharmacy chain Long Chau, while Mobile World …

On any given day in Thailand’s Maya Bay, up to 40 blacktip reef sharks cruise in the cyan shallows while about 4,000 tourists visit its white-sand beach flanked by towering cliffs. Shark numbers have improved since almost every last one was driven from the bay by the influx of tour …

A steamed rice rolls eatery features a VND13,000 (US$0.55) plate considered one of the cheapest in Hanoi. Sixty-two-year-old Pham Van Chinh is the second-generation owner of the banh cuon eatery deep in an alley that begins at 29 Thuy Khue Street. The location is a familiar breakfast spot for locals …