Business

The government should not let the bond market self-regulate but instead should intervene more deeply to make it a safe channel for capital mobilization, said Nguyen Minh Cuong, principal economist for the Asian Development Bank. Between VND150-200 trillion ($6.4-8.5 billion) in bonds are set to mature this year, and if …

Vietnam’s on-demand salary payment startup GIMO has raised $4.6 million in a Series A funding round. The startup, which offers nearly instant payroll to blue-collar workers whenever they need it, has secured the cash from Southeast Asia-focused venture capital company TNB Aura, among others, DealStreetAsia reported. In 2021, the company …

Vietnam’s benchmark VN-Index rose 0.81 percent to 1117.1 points Friday in its eighth straight session gaining. The index closed 9.02 points higher after gaining 9.80 points on January 19, the last session before Tet holidays. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 5.35% to VND11.10 trillion …

Novaland director Hoang Thu Chau has registered to sell 2.28 million shares of the company, which will reduce her stake in it by more than a third. The deal, to be completed in between February 1 and March 2, is likely to fetch her VND32 billion ($1.36 million) based on …

Property industry insiders expect the market to face more difficulties in the first half of this year, with prices further declining in the first and second quarters. Tran Khanh Quang, CEO of developer Viet An Hoa, said by the end of the second quarter companies would settle problems such as …

Industry insiders forecast gold prices to rise by 3% to VND70 million (US$2,980.6) per tael to catch up with global rates, which surged during Tet when Vietnamese markets closed. The state-owned Saigon Jewelry Company sold its SJC gold at VND68.2 million per tael of 37.5 grams or 1.2 ounces on …

Some gasoline stations in Hanoi and Hai Phong City have run out of stocks, causing inconvenience to people, who have to drive around and fill elsewhere. On Pham Van Dong Road leading into the Hai Phong – Hanoi Expressway Thursday evening most fuel stations shut down at 9 p.m. A …

Vietnam is set to benefit from China’s reopening after three years of Covid-19 restrictions in terms of tourism and trade, economists say. “We expect China’s re-opening to boost Vietnam’s GDP growth by over 2% points next year, driven by the full resumption of Chinese tourist arrivals in the second half …

Forty-four percent of Vietnamese respondents said they are prepared to spend VND41,000 to 70,000 ($1.75-$3) on drinking coffee and bubble tea, which is more than for a main meal, a new survey found. Another 33% of respondents are willing to spend VND20,000-40,000 on drinks, according to the survey of 3,940 …

The Malta-flagged Mein Schiff 5 cruise ship docked at SP-PSA International Port in the southern province of Ba Ria-Vung Tau Thursday, carrying 2,370 foreign visitors, mainly Germans. This was the largest number of foreign tourists to arrive in Vietnam on the first days of the Lunar New Year. The tourists …