Business

Property company FLC has racked up after-tax losses of VND785 billion (nearly $31.7 million) in the third quarter alongside significant fall in revenues. The company saw its revenues plunging 70 percent to VND430 billion, according to its latest consolidated financial statements. It said its financial revenues were approximately VND18 billion, …

VMO Holdings has contributed to the success of hundreds of partners in Vietnam and other countries by providing technology solutions in healthcare and agriculture. VMO Holdings Joint Stock Company has marked its 10-year milestone with 1,200 employees and branches in international market including Japan and the U.S. The company is …

Mobilizing capital for the property sector through bond or stock issuances needs to be supervised to ensure industry transparency, Ministry of Construction Nguyen Thanh Nghi said Monday. There has been speculation and manipulation in the market, prompting the need for authorities to control the capital mobilization of property companies, he …

Vingroup, Vietnam’s biggest private conglomerate, made total consolidated net revenues of VND88.191 trillion ($3.56 billion) in the first nine months, posting a year-on-year decline of nearly 5%. Vingroup gained after-tax profits of VND1.571 trillion, according to its latest consolidated financial statements. By the end of September, the firm’s total assets …

The U.S. dollar gains 0.008% over the Vietnamese dong Monday at Vietcombank, reaching VND24,879. It has risen 8.55% since the beginning of this year. Techcombank sold the dollar VND2 higher at VND24,877, while Eximbank kept the rate unchanged at VND24,875. The State Bank of Vietnam raised its reference rate up …

Vietnam’s benchmark VN-Index rose 0.06% to 1027.94 points Monday, but trade plunged by double-digit. The index closed 0.58 points higher after losing 0.65 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 14.42% to VND11.42 trillion ($459.51 million). The VN-30 basket, comprising the 30 largest …

Vietnam will achieve the highest growth in the digital economy in Southeast Asia between 2022 and 2025, a report by Google, Temasek and Bain & Company has forecast. It will grow at 31% followed by the Philippines with 20% and Indonesia with 19%, according to e-Conomy SEA 2022. Vietnam’s digital …

A number of private gas stations in Hanoi have run out of stocks and say they are unable to buy more from suppliers who are also reporting shortages. Nguyen of Tay Ho District tried to find a filling station Sunday afternoon but saw two on Thuy Khue Road with signs …

Only 990 apartments were sold in HCMC in the third quarter as the absorption rate fell to 15%, the lowest since 2019, according to Savills Vietnam. Inventories were the highest since 2019 at 4,400, its third quarter report on the apartment segment in the city said. According to DKRA Vietnam, …

IPP Air Cargo has asked the government to end the process of licensing its application to launch what would have been the nation’s first cargo airline. The company’s shareholders made the decision at a meeting Wednesday and a statement was sent a day later to the Government Office and the …