Business

The number of Vietnamese property developer bankruptcies rose 38.7% last year due to insufficient cash flows and high raw material costs, according to the Ministry of Construction. Property developers had difficulty accessing loans, issuing corporate bonds and mobilizing capital from customers, the ministry said, adding that the capital shortage forced …

Lianhe Zaobao newspaper in Hong Kong (China) has run an article analyzing Vietnam’s advantages that make the country the third pillar of the “golden triangle of startups” in Southeast Asia, together with Indonesia and Singapore. The article cited the speech by Vietnamese Minister of Plan and Investment Nguyen Chi Dung …

Hanoi ranked fifth and Ho Chi Minh City 14th on the safety index among Southeast Asia’s 20 tourist cities published by statistics site Numbeo recently. Hanoi’s safety index was 62 points, after Thailand’s Chiang Mai at 75.9, the Philippines’ Davao at 72.4, Singapore at 70.6 and Malaysia’s Penang at 66.5, …

Vietnam’s RON95 gasoline price rose VND990 to VND23,140 ($0.99) per liter on Monday night, while E5 RON 92 prices increased VND970 to VND22,320. Diesel prices increased by VND890 to VND22,520 per liter and mazut oil prices surged by VND570 to VND13,930 per kilogram. Oil prices rose about 2% last Thursday …

Vietnam’s RON95 gasoline price rose VND990 to VND23,140 ($0.99) per liter while that of E5 RON 92 hiked VND970 to VND22,320 on Monday night. Diesel prices increased by VND890 to VND22,520 per liter and mazut oil prices surged by VND570 to VND13,930 per kilogram. Oil prices rose about 2% last …

Real estate investors should be cautious and keep their money idle till the end of 2023, insiders say. Phan Cong Chanh, CEO of developer Phu Vinh Group, said the real estate market will pose more risks than opportunities for investors in 2023, adding that would-be investors should save their money …

Major spiritual sites in northern Vietnam were overrun by a sea of devout Buddhists last week, with many queuing for hours to get in and some even being overcharged by local tourist service providers. Over 50,000 pilgrims flocked to Ba Vang Pagoda in the northern province of Quang Ninh, around …

Vietnam’s total retail sales of goods and services in January was estimated at VND544.8 trillion ($23.22 billion), up 20% as compared with the same period last year, according to the General Statistics Office (GSO). The office explained that the hike was attributed to the growing consumption demand as Tet (Lunar …

Despite decreases in both imports and exports, the country still enjoyed a trade surplus of $3.6 billion in the first month of 2023, according to the General Statistics Office (GSO). The office reported that in the month, total import-export turnover reached $46.56 billion, with exports dropping 21.3% to $25.08 billion, …

Vietnam’s benchmark VN-Index dropped 1.30% to 1,102.57 points Monday, ending an eight-session winning streak. The index closed 14.53 points lower after gaining 9.02 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 22.75% to VND13.63 trillion ($581.24 million). The VN-30 basket, comprising the 30 largest …