Business

Many office building leasing firms in Ho Chi Minh City (HCMC) say they received fewer customers in the first two months of this year compared to the same period last year. The firms reported weaker renting demand in the 1, 3 and Tan Binh districts due to economic difficulties. Nguyen …

The Vietnam Beer, Alcohol & Beverage Association has called for delaying a proposed tax increase on liquor saying the industry has yet to recover from the effects of Covid. The association president, Nguyen Van Viet, called for putting off the tax hike until at least 2025, saying the alcohol industry …

Providers of cross-border over-the-top (OTT) television services such as Netflix and iQiYi will be blocked and sanctioned if they do not establish legal entities in Vietnam, said an official. “If a cross-border OTT television service provider does not have a legal entity in Vietnam, the Ministry of Information and Communications …

At the age of 30 Thu Thuy became the head of her department with a high salary but quit two years later as there was little work-life balance. The 32-year-old, who lives in Ho Chi Minh City, says: “I’m the best employee in any company I work for.” Two years …

Ha bought a villa worth VND12 billion (US$508,500) from Novaland using cash and a VND5-billion bank loan after Vietnam’s fourth-biggest property developer pledged to cover most of the interest. But now Ha doesn’t know how she’s going to pay because the company has reneged on its commitment. In late 2021, …

Vietnam expects to rake in between 800,000 to $1 billion worth of seaculture product exports by 2025, according to a development project of the sector towards 2030 with a vision to 2045. Also by the time, the total area of seaculture is set to hit 280,000 hectares with an annual …

Exports of coconut products were worth $900 million last year and are expected to top $1 billion this year, according to the Vietnam Coconut Association. Cao Ba Dang Khoa, the association’s acting general secretary, said the country has risen to fourth place in Asia in terms of coconut exports. Every …

The Ministry of Agriculture and Rural Development has warned southern localities that a recent surge in durian farming could lead to an oversupply. Farmers in the Mekong Delta, central highlands and other southern regions are destroying their coffee, pepper and rice crops to farm durian instead, the ministry’s Department of …

Selling insurance products fetch banks trillions of Vietnamese dong (VND1 trillion = $42 million) in revenues each year, but with this comes dissatisfaction from customers who say they are “forced” to pay premiums to acquire loans. At the end of 2017, Vietnamese lender Sacombank and Japanese insurer Dai-ichi Life signed …

Vietnam’s benchmark VN-Index dropped 1.34% to 1,039.56 points Friday in its fourth straight losing session. The index closed 14.1 points lower after losing 0.62 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 45.8% to VND6.55 trillion ($275.30 million). The VN-30 basket, comprising the 30 …