Sunday , November 24 2024

Business

Business

50-70% of beachfront villas, shophouses go unsold in Q3

50-70% of beachfront villas, shophouses go unsold in Q3

Vietnam’s beachfront villa and shophouse inventory stood at 50-70% of units offered for sale in the third quarter, according to real estate service provider DKRA Vietnam. The firm’s latest report says only 389 beachfront villas, or below 30% of the total new supply in the third quarter, were sold nationwide. …

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No bids for multi-million dollar FLC yacht

No bids for multi-million dollar FLC yacht

The auction of a luxury yacht belonging to property firm FLC didn’t go through Friday after no one made a bid for it. Auction house Minh Phap announced that a second auction for the yacht will take place on November 21 in HCMC. The yacht, FLC Albatross, was built in …

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Real estate enterprises launch series of financial solutions

Investors can use flexible payment options and leaseback policies with attractive profits at Novaland’s major projects. Novaland has organized an event to announce incentive programs with many financial solutions for investors in major projects like Aqua City, NovaWorld Ho Tram, and NovaWorld Phan Thiet as well as housing projects in …

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Saigon Square vendors shut up shop

Saigon Square vendors shut up shop

A total 90% of vendors at Saigon Square, a popular shopping location in Ho Chi Minh City, have shut up shop after authorities confiscated thousands of counterfeit goods. Only a few fashion and footwear shops were open Friday morning at the mall in District 1 as market authorities continued their …

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Vietnam to tackle false advertising on Facebook, YouTube

Vietnam to tackle false advertising on Facebook, YouTube

Vietnam is set to clamp down on false advertising on social media platforms like Facebook and YouTube, said Minister of Information and Communications Nguyen Manh Hung. The appearance of unwanted ads is very popular on cross-border platforms, and it is difficult for Vietnamese authorities to detect these ads as they …

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VN-Index hits 7-session low

VN-Index hits 7-session low

Vietnam’s benchmark VN-Index dropped 2.22% to 997.15 points Friday, lowest since October 26. The index closed 22.66 points lower after losing 3.38 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 64% to VND12.91 trillion ($519.19 million). The VN-30 basket, comprising the 30 largest capped …

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5 companies drop out of billion-dollar market cap list

5 companies drop out of billion-dollar market cap list

Five companies have lost their billion-dollar market cap title after their stocks plunged double-digit in October. They are Vietnam Airlines (HVN), SSI Securities Corporation (SSI), Petrovietnam Power Corp (PVN), Vietnam Maritime Bank (MSB) and Power Generation Corp 3 (PGV). MSB was the biggest decliner of the five with 25% of …

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Fertilizer makers posts surging profit as prices climb

Fertilizer makers posts surging profit as prices climb

Fertilizer producers posted double-digit growth in post-tax profit in the first nine months, exceeding this year’s target, as retail prices went up double-digit. Petrovietnam Fertilizer & Chemicals Corp saw profit tripling year-on-year to VND4.46 trillion ($179.37 million), exceeding its target for the year by 30%. DCM of PetroVietnam Ca Mau …

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