Business

Vietnam’s shrimp exports face challenges with prices decreasing and competition from Ecuador and India intensifying, according to the Vietnam Association of Seafood Exporters. Global prices have been decreasing since the second half of last year and are expected to fall further this year as supply rises sharply to six million …

Sea shipping costs have plunged by over 80% from the previous peak as consumption has dropped amid inflation concerns. Tran Lam Son, CEO of wood and furniture exporter Thien Minh, said that shipping a container to Europe now costs around $1,700, down nearly 92% from the peak of $20,000 a …

Samsung Vietnam’s four factories recorded a revenue of nearly $71 billion last year, accounting for 30% of the South Korean’s electronic giants. The four factories posted a profit of $4.6 billion, according to the giant’s earnings report. Of the four, Samsung Thai Nguyen was the leading revenue maker by earning …

Property developer FLC is set to sell its stake in carrier Bamboo Airways as part of the company’s restructuring plan. FLC Chairman Le Ba Nguyen announced the plan at an extraordinary general meeting Saturday morning, adding that the company will first consult with financial experts on the sale before giving …

Many coffee lovers consider Vietnamese iced milk coffee’s blend of robusta beans and condensed milk “the best in the world.” According to a survey conducted in February by the worldwide food magazine TasteAtlas, Vietnamese iced coffee with condensed milk, or ca phe sua da, is tied with Italian ristretto on …

At least 10 property developers are seeking a delay in redeeming bonds or paying interest as they are not able to arrange repayment, according to data from the Hanoi Stock Exchange. The latest company to make such an announcement is the Dat Xanh Group, which said Friday that it was …

HCMC’s economy is likely to see the current slowdown end in the coming months, and then accelerate sooner than was previously forecast, chairman of the municipal People’s Committee Phan Van Mai said. At a meeting on reviewing the city’s socioeconomic development in the first two months of this year on …

The floor price for the auction of 3,790 apartments in HCMC, which remain unused since 2015 following three unsuccessful auction bids, should be lowered to sell then, experts said. The auctions in 2017, 2018 and 2021 attracted no bidders because the reserve prices of VND8.8 trillion (US$370.96 million), VND9.1 trillion …

Pham Doan, a vendor in a traditional market in HCMC, is suing Saigon Joint Stock Commercial Bank (SCB) and Tan Viet Securities for allegedly tricking her into investing in bonds. She wants the District 1 People’s Court to revoke four contracts she signed with Tan Viet Securities and order it …

Hoi An ancient town has been listed in the top 10 towns that offer a true taste of local culture and history for travelers. Canadian publication The Travel has listed 10 locations for travelers who enjoy local warmth and unique cultures and the only representative from Vietnam is Hoi An, …