Business

SJC gold price fell 0.15% to VND67.05 million ($2,819.00) per tael Friday morning. Gold ring price dropped 0.18% to VND54.3 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices dipped on Friday and were set for a third straight weekly drop as investors fretted about …

Oranges, coconuts, and wax apples are currently sold at VND1,000-7,000 (4-29 U.S. cents) per kilogram at farm, half the prices compared to a month ago. In Ho Chi Minh City these days, vendors are selling king oranges at VND7,000-20,000 per kilo depending on the size and quality of the fruit, …

Education firm Apax Holdings posted its biggest ever loss of VND81.3 billion (US$3.4 million) in 2022 as costs skyrocketed, mainly due to surging loan interest. In the final quarter alone, its losses were VND110 billion. The losses mounted despite the fact revenues rose by a healthy 35% to VND1.335 trillion. …

Automaker Thaco Group plans to increase its sales 7.7% from last year to 120,000 units this year, with earnings of more than VND90 trillion ($3.80 billion), despite concerns about market challenges. The plan calls for the sales of 96,000 passenger cars, 23,500 trucks, and 1,500 buses and minibuses, Chairman Tran …

Short periods of prosperity followed by long slumps have characterized the real estate market’s boom-and-bust cycles in the past few decades. Data from investment consultancy Mogin Holdings shows that in 2008-2023, the market grew quickly for a total of five years, but there were 11 years of deceleration. According to …

Pacific Airlines, Bamboo Airways, and Vietravel Airlines are seeking new investors to help them overcome financial difficulties and speed up their post-pandemic recovery. Vietnam Airlines, which owns approximately 98% of Pacific Airlines’ shares, has been searching for new investors for its subsidiary carrier since last year. The national flag carrier …

Property industry insiders and analysts have proposed solutions to remove obstacles in credit access and administrative procedures to help the sector recover this year. Prime Minister Pham Minh Chinh is set to chair a meeting Friday to tackle issues in the property market with representatives from government bodies, property developers …

Vietnam’s Ministry of Culture, Sports and Tourism has called on its counterpart in China to soon allow the resumption of group tours to Vietnam to boost the recovery of tourism in both countries. The ministry urged China to add Vietnam to its list of countries that are able to receive …

Foreign investments are expected to flow into the tech and property sectors this year despite concerns about a global economic slowdown. They tripled year-on-year to US$1.2 billion in January, with the number of projects surging by 48.5% to 153, according to the Ministry of Planning and Investment. The investment in …

Fuel retailers are worried about defaulting on loans or going bankrupt since they get no commissions, while wholesalers complain about losses due to foreign exchange rate fluctuations. At a seminar held to gather opinions on a proposed government decree on trading of gasoline and oil products on Feb.14, fuel firms …