Business

Steel prices have dropped for the eighth time in a row since mid-May with a total decline of nearly 13 percent. Biggest steelmaker Hoa Phat Group brought its prices of rolled steel and rebar steel down for the eighth time last weekend, bring prices down by VND2.4 million ($102.61) since …

Vietnam’s benchmark VN-Index dropped 0.08 percent to 1173.92 points Wednesday, but with trade highest in five sessions. The index closed 0.9 points lower after gaining 19.5 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 8 percent to VND11.55 trillion ($494 million), highest since July …

Bach Hoa Xanh seems to have closed over 300 of its stores in recent months amid a comprehensive review to prepare for nationwide expansion next year. The grocery giant’s website says there are 1,824 outlets as of Wednesday morning as against the 2,140 it said it had in an April …

Vietnam has the highest average volume of cross-border online purchases of up to 104 orders per year in Southeast Asia, higher than the Southeast Asian average of 66. Thailand came in second with 75 purchases per year on average, followed by Singapore and the Philippines with 58 each, according to …

Property companies’ bond issuances were down 26 percent year-on-year in the first half of this year to VND42.6 trillion (US$1.82 billion) following the government’s orders to monitor them closely. They accounted for 26 percent of all issuances, second only to the banking sector, according to data from the Vietnam Bond …

In what might be one of the largest known personal data breaches in Vietnam, an unidentified person is offering school data pertaining to 30 million people for US$3,500. It was collected “from a popular school website in Vietnam” in July, the unidentified hacker, who goes by the name meli0das, posted …

Vietnam’s biggest Mercedes distributor Haxaco posted a pre-tax profit of VND102 billion ($7.36 million) in the second quarter, up 12.6 times year-on-year. Its profit for the first six months was VND172 billion, or 80 percent of its target for the year. The company said the government’s 50 percent discount on …

Rice Market restaurant on Phu Quoc Island and another on the Vietage train were listed among the best newly-lauched in Southeast Asia by U.S. magazine Travel + Leisure. Located inside Regent Phu Quoc Resort that opened on Vietnam’s largest island in the south last April, Rice Market restaurant serves iconic …

Australian Anti-Dumping Commission (ADC) recommended an end to anti-dumping duties imposed on Vietnamese aluminum extrusions. “[…] the evidence does not support a recommendation to continue the anti-dumping measures,” the ADC reported. “Whilst dumping is likely to continue (for some exporters), dumping had little, if any, impact on the Australian industry …

Binh Son Refining and Petrochemical (BSR) posted an 80 percent surge in revenues to VND87.05 trillion ($3.7 billion) in the first six months thanks to rising gasoline prices. Its six-month revenues equaled 95 percent of the annual plan. BSR accounted for 30-35 percent of fuel supply in Vietnam, equivalent to …