Business

Vietnam’s trade turnovers exceeded US$700 billion so far this year, the highest ever, the customs department said. The trade turnovers had been worth $500 billion in 2020 and $600 billion last year. For the first 11 months of this year, exports rose 13.4% from a year earlier to $342.2 billion, …

Critics of the plan say it won’t be easy for HCMC to soon tax second homes on a trial basis due to insufficient conditions and potential adverse effects. The city will not be able to implement the new tax at this time because the real estate market is unstable and …

Only 56 beachfront villas were sold in Vietnam in November, marking a year-on-year drop of 83%, according to property consultancy DKRA Vietnam. Thirty five beachfront shophouses were sold, down 96%, though developers offered discounts of 30-40%. They sold 340 condotels, mainly in the southern province of Ba Ria Vung Tau …

Critics of the plan say it won’t be easy for HCMC to soon tax second homes on a trial basis due to insufficient conditions and potential adverse effects. The city will not be able to implement the new tax at this time because the real estate market is unstable and …

Vietnam is the top pick for Thai travelers looking for a year-end trip thanks to the easing of Covid restrictions and cheap prices, a Thai official said. Charoen Wangananont, president of the Thai Travel Agents Association, told Bangkok Post that Vietnam also has many ports of entry for air travel, …

The Asian Development Bank (ADB) has lifted its growth forecast for Vietnam for this year from 6.5% to 7.5%. Inflation is projected to be at 3.5%, down 0.3 percentage points from its earlier estimate in September. Vietnam’s economy is operating well amid instabilities but is facing rising risks. Global demand …

November auto sales posted a decline from October after four consecutive months of growth, but sales for the year so far still achieved double-digit growth. It was reported that 36,371 units were sold among members of the Vietnam Automobile Manufacturers Association (VAMA) last month, down 0.51% from the previous month. …

Vietnam’s benchmark VN-Index rose 0.28% to 1,050.43 points Wednesday. The index closed 2.98 points higher after gaining 15.38 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 3.72% to VND13.73 trillion ($582.89 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 13 tickers …

Le Viet Hai will resign as chairman of Hoa Binh Construction Group to open a legal path for his son to take over as the company’s CEO. “I am resigning to ensure the legality for my son, Le Viet Hieu, to take the CEO chair at the general meeting next …

The U.S. dollar continued to fall against the dong Wednesday morning at both commercial banks and unofficial exchange points. Vietcombank sold the dollar at VND23,650 Wednesday, down 0.42% from Tuesday. The greenback is now hovering around a three-month low at the state-owned lender. Eximbank sold the greenback at VND23,620, down …