Business

Vietnam’s benchmark VN-Index rose 0.92% to 1098.28 points Wednesday, highest since October 5 last year. The index closed 9.99 points higher after gaining 21.61 points on Tuesday. It has ended in the green six sessions in a row. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 12.89 …

Southern Airports Services JSC reported a pre-tax profits of roughly VND230 billion ($9.7 million) in 2022, the highest over the past three years, and up 77 times against 2021. The higher profits were mainly due to the recovery of the aviation sector. The company earned total revenues of VND1.4 trillion …

Investors who have partly paid for properties are selling it back to the developer as they are neither able to keep paying the mortgage nor able to find a buyer. Having paid nearly VND800 million ($34,100) for an apartment in Ho Chi Minh City’s Binh Thanh District, Ngan has decided …

Cambodia and Maldives have agreed to a 30-day visa waiver for each other’s nationals as they focus on efforts to revive tourism post-pandemic. “I am pleased to see and reach a visa agreement between the two countries,” Maldivian President Ibrahim Mohamed Solih said at a joint press conference with Cambodian …

Japan’s Lion Corp plans to buy a 36% stake in Vietnamese company Merap to expand its presence in Southeast Asia. The deal is set to be completed in March for an disclosed sum, the Japanese company said in a statement. Ho Chi Minh City-based Merap, whose products include nasal sprays, …

At over VND25.5 trillion (US$1.09 billion), information and technology accounted for 58% of tech giant FPT’s revenues last year. Pre-tax profits were up 22.2% at VND3.42 trillion, or 45% of total profits. Revenues shot up by 23.4% to VND44 trillion and profits by 20.8% to VND7.6 trillion. Sales in key …

Samsung Vietnam exported $65 billion worth of products last year, down 0.8% from 2021. The company’s exports accounted for nearly 9% of Vietnam’s total trade turnover of $700 billion last year, Deputy Prime Minister Le Minh Khai said during a recent meeting with Park Hark Kyu, president of Samsung Electronics. …

Vietnam’s manufacturing sector might be temporarily becalmed amid declining global demand, but its long-term outlook is rosy thanks to FDI, according to experts. The EuroCham Business Climate Index (BCI), a quarterly benchmark seeking to measure the level of confidence of European companies investing in Vietnam, fell for the third time …

Vietnam’s benchmark VN-Index rose 2.03% to 1,088.29 points Tuesday in its fifth straight session in the green. The index closed 21.61 points higher after gaining 6.51 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 25.40% to VND11.75 trillion ($501.39 million). The VN-30 basket, comprising …

The export turnover of wood and wood products is expected to set a record high of $18 billion in 2023, with wood pellets and woodchips forecast to enter the one-billion U.S. dollar club. President of the Vietnam Timber & Forest Products Association (Viforest) Do Xuan Lap said that the figure …