Business

Tan Viet Securities’ total assets were valued at over VND9.64 trillion ($390 million) in late September, an increase of more than VND3 trillion against the beginning of this year. The company saw its third quarter revenue and after-tax profit drop 12% and 50% year-on-year respectively to VND633 billion ($26.37 million) …

Vietnam’s GDP growth is forecast to reach 8% this year, exceeding the National Assembly’s target of 6-6.5%, Prime Minister Pham Minh Chinh said told legislators on Thursday. The economy showed positive recovery in many aspects in the first nine months, with 14 out of 15 targets achieved or even exceeded, …

Vietnam’s benchmark VN-Index dropped 0.15% to 1,058.45 points Thursday. The index closed 1.6 points lower after losing 3.6 points Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 1.43% to VND8.39 trillion ($341.75 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 14 tickers fall. …

Tech giant FPT saw its post-tax profit in the first nine months surge 28.3% year-on-year to VND4.86 trillion ($198.21 million). Its revenue went up 24.1% to VND30.97 trillion. The company secured many deals in foreign countries in the period, with 18 projects valued over $5 million. It recorded large revenue …

The U.S. dollar has risen 0.08% over the Vietnamese dong Thursday to VND24,650 at Vietcombank, a new peak. This was its 11th gaining session in a row, and the dong has depreciated by 7.5% since the beginning of the year. Eximbank sold the dollar 0.41% higher at VND24,660, while VPBank …

While freight rates have fallen sharply, logistics companies still face high warehouse costs and human resource shortages. At a business forum on Wednesday logistics firms said since August international freight has almost returned to normal pre-Covid levels though not domestic rates. The cost of shipping a container from Vietnam to …

Twenty foreign airlines expressed interested in flying to Vietnamese tourism hotspot Phu Quoc Island at a recent meeting with local authorities. Their representatives met with Kien Giang Province chairman Huynh Quang Hung Wednesday to look into the possibility of starting new services. Philip Claud Odhiambo Ojuang, chairman of the Association …

Representatives of Aruba and FTI share their cooperation strategy to develop network infrastructure services for SMEs on Nguy – Co talkshow.     Aruba, FTI solve network infrastructure problems for SMEs Aruba, FTI solve network infrastructure problems for SMEs

Banking credit growth this year has been nearly 11%, the highest in years, with lending to the property sector rising by 15.7%, according to the central bank. A report to the National Assembly by the governor of the State Bank of Vietnam, Nguyen Thi Hong, said loans outstanding on Sept. …

Room tariffs at four- and five-star hotels in HCMC in the third quarter were 22% up from the previous quarter and 50% up year-on-year, according to Savills Vietnam. The average rate was VND1.7 million (US$69.30) per night, the property consultancy said. It also reported that the average occupancy rate for …