Business

Low demand has driven iPhone 14 prices in Vietnam to the second lowest levels in the world after only the U.S. According to German data portal Statista, the price starts at US$799 in the U.S. while authorized Apple resellers in Vietnam are selling it at VND19.7 million ($834.7). “[The iPhone …

Unilever will continue to invest in Vietnam, where it has its two plants, its CEO, Alan Jope, who is currently visiting HCMC, has said. The UK-based consumer goods company would invest not only in production but also development of brands and people, he noted. Since most of the company’s output …

Vietnam’s benchmark VN-Index dropped 0.48% to 1,038.64 points Tuesday, the lowest since December 30. The index closed 5.06 points lower after losing 11.6 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 35.72% to VND6.72 trillion ($284.63 million). The VN-30 basket, comprising the 30 largest …

Vietnam’s auto sales in January plunged 57% from a month earlier as the Lunar New Year holiday brought down demand. The Vietnam Automobile Manufacturers Association (VAMA) saw 17,314 units sold, down 51% from December. Hyundai Thanh Cong, which assembles and distributes cars for the South Korean brand Hyundai, sold 64% …

Immigration officers at Ho Chi Minh City’s (HCMC) Tan Son Nhat International Airport on Monday returned a bag containing $1,800 in cash to an Egyptian tourist who lost it while waiting to complete entry procedures. Ashraf Ahmed Metwally, 76, expressed his surprise and wrote a letter to thank the immigration …

Travel agency Booking.com has voted Phong Nha in central Vietnam one of the seven ideal destinations for singles to meet new friends. For this Valentine’s Day, the Dutch online travel agency has published a list of ideal places for solo travelers to make friends. Phong Nha is the only location …

The Ho Chi Minh Stock Exchange has decided to delist the shares of property developer FLC for “severe violation in fulfilling disclosure obligations.” The company’s 710 million shares will be delisted on Feb. 20. At the time of publishing they were trading at VND3,570 ($0.15). The shares had been under …

Hoang Quang Viet, a director of steel maker Hoa Phat Group, has registered to sell two million shares to his children between February 20 and March 20. Viet owns 28.2 million HPG shares, or a 0.49% stake. The deal will be worth over VND40 billion ($1.69 million) at current prices, …

The average price of the iPhone 14 Pro Max in the Vietnamese market decreased down 10.7% to VND28.4 million ($1,203) in just a month. Apple authorized resellers in Vietnam said a large batch of iPhone 14 Pro Max models were added to the market in early January, ending the high …

The Australian travel newspaper Traveler has just published an article introducing 20 of the world’s most affordable and valuable destinations that tourists should visit in 2023, including Vietnam. According to Traveler, Vietnam remains one of the cheapest travel destinations in Asia, with direct budget flights from Australia. Vietnamese food alone …