Business

Stock investors have turned indifferent to buying dipping tickers as the lack of supporting information has created uncertainty about a quick and lasting market recovery. After the VN-Index closed last year around 900 points, Hai, 36, sold most of his portfolio and put the funds in a bank for a …

Ho Chi Minh City has scrapped a proposal to tax the second property owned by people it had been considering to reduce speculation. It has also given up plans to hike non-agriculture land and the income tax rate for selling a second property. The Ho Chi Minh City Real Estate …

SJC gold price gained 0.38% to VND66.8 million ($2,821.55) per tael Saturday morning. Gold ring price went up 0.74% to VND54.8 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices jumped nearly 2% on Friday, driven by a slide in U.S. Treasury yields and broader …

Of 18,000 people in HCMC who have sought loans to buy or build social housing in the last five years, only 1.7 % has managed to get them. Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Ho Chi Minh City Branch, said that since 2018 his bank …

Construction of the US$5.4-billion Southern Petrochemical Complex in Ba Ria Vung Tau might be delayed if problems with investment incentives, mainly tax-related, are not resolved, its investor said. Long Son Petrochemicals Company told the Ministries of Planning and Investment and Finance that the work is in the final stages and …

China’s Sunny Optical Technology Group is planning to invest up to US$2.5 billion to build an optical production complex in northern Thai Nguyen Province. According to a memorandum of cooperation signed March 8 by Sunny Optical and the provincial authorities, the company’s fifth plant will make an annual revenue of …

Industrial parks and export processing zones in Ho Chi Minh City have no space left to build workers’ housing, while current accommodations meet only 15% of demand. To date, the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) has completed 16 housing projects that provide accommodation for …

Vietnamese carriers and travel firms say they are ready to welcome back Chinese tour groups after three years of interruption due to Covid travel restrictions. Pham Ngoc Thuy, director of Quang Ninh’s Department of Tourism, said everything has been well prepared and tourism businesses are ready to receive Chinese tourists …

Saigon is a bustling city with a variety of weekend entertainment options. Here are some suggestions for you this weekend, from art exhibitions, movie screening to European brunch. Art Exhibition “Buscando México” by Diego Rodarte The exhibition, organized by the Embassy of Mexico in Vietnam and the HCMC Museum of …

The prices of smartphones and TVs sold through e-commerce platforms often are cheaper than those sold in traditional shops, but buying them may have risks relating to quality and warranty. Thuy Duong, who lives in Hanoi’s Ha Dong District, bought a 43-inch TV for VND5 million (US$211.9) on an e-commerce …