Business

Property developer Novaland cannot use its VND32 trillion ($1.35 billion) in cash at banks to pay debts as most lenders have earmarked it as additional collateral asset. However, the company had said this issue and several others require the government’s intervention in a letter to the Prime Minister’s Office last …

Vietnam recorded year-on-year growth of 3.15% in the 2022 consumer price index (CPI) while core inflation increased 2.59%, the General Statistics Office (GSO) said on December 29. The Vietnamese economy has recovered in 2022. Surging production demand to serve consumption and export, added with soaring global commodity prices, has fueled …

Many Vietnamese businesses are coming up against technical barriers related to quarantine, animal health and pesticide residues when exporting to the EU. The potential to export to the EU market is huge but Vietnamese enterprises face obstacles in accessing it, Deputy Minister of Industry and Trade Tran Quoc Khanh said …

Vietnam Airlines has announced it will increase the number of flights during Tet (Lunar New Year holidays) by a further 500 after informing increases in August and earlier in December. The 500 flights will be between Jan. 6 and Feb. 5, 2023, and have over 90,000 seats. Most of them …

Victims of property firm Alibaba, which faces fraud accusations, are unlikely to get compensation in land since the projects it advertised were nonexistent, lawyers familiar with the case said. Obtaining cash compensation would be time-consuming due to the large number of victims, they said. The Ho Chi Minh City’s People’s …

Vietnam’s gross domestic product grew 8.02% in 2022, the fastest pace annually since 1997, backed by strong domestic retail sales and exports. The reading is higher than an official growth target of 6.0%-6.5% and growth last year of just 2.58%, when Covid-19 lockdowns left a dent on the economy and …

Researching and developing technologies, doing things no one has thought of is the focus of Qualcomm’s innovation strategy, according to Dr. Tran My An, Vice President of Engineering.     Qualcomm uses innovation to break through limits: vice president Dr. An Chen – Qualcomm transcends all limits and cultures

If the leaders of local property firm Alibaba are found guilty of fraud and ordered to compensate their alleged 4,000 victims, distributing said restitution will be complicated, lawyers familiar with the case have said. The Ho Chi Minh City’s People’s Court has identified around VND1.6 trillion ($67.7 million) worth of …

Vietravel Holdings has sold 1.78 million shares of tourism company Vietravel, or a 10.3% stake, to investment fund VinaCapital. The deal was made on December 23 at a price of VND24,000 ($1) per share, more than 10% higher than its current market price of VND21,300. The Hanoi Stock Exchange restricted …

Central bank authorities worked hard in the last quarter of 2022 to keep interest rates and the dong stable amid global economic convolutions. “It was a lot of work,” deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu repeatedly said Tuesday at the annual review meeting of …