Business

Conglomerate Vingroup has sold an undisclosed stake in GeneStory, a company it established to provide genetic testing services in Vietnam. Vingroup said recently it is no longer the parent company of GeneStory without mentioning how much stake it sold. The country’s biggest private company established GeneStory in March this year …

  A candidate is interviewed by a recruiting panel. Photo courtesy of CCIFV HÀ NỘI —  A job fair will serve as a bridge connecting Vietnamese, French and international companies based in Việt Nam to graduates with international profiles, according to Vice President of the French Chamber of Commerce and Industry (CCIFV) …

The real estate market is slowing down with demand on both primary and secondary markets declining, after the government tightened regulations and launched probes into some developers. Leading property portal Batdongsan.com reported a 8-9 percent decline year-on-year in the number of searches for land and houses on its platform last …

  Workers at a Garment 10 factory. Photo baosoctrang.org.vn HÀ NỘI — Although the demand for Vietnamese textiles is forecast to rise steadily in the short term, firms are concerned that tight material supply will impede their export plans. According to the Vietnam Textile and Apparel Association, export prospects for the industry …

Management solutions startup True Platform has raised $3.5 million from several investors, one of the largest seed amounts ever raised by a Southeast Asian company. The company said it secured the money from a consortium comprising January Capital, Alpha JWC Ventures, BeeNext, tech giant FPT, and several individual investors. It …

  Many parts suppliers for automobile production want to have new investment but face large capital obstacles because collateral is unavailable after two years fighting COVID-19.  —VNA/VNS Photo HÀ NỘI — Supportive solutions for businesses need to be implemented faster and stronger to improve the capacity of businesses and increase linkage among them, according …

After the ‘play to earn’ (P2E) trend, more and more ‘move to earn’ (M2E) blockchain video games are being developed in an increasingly health-conscious Vietnamese. The new trend emerged in mid-2021 after the launch of non-fungible token (NFT)-based online video game Axie Infinity. An NFT game combines conventional gaming designs …

Jewelry giant PNJ’ profits surged 70.5 percent year-on-year in April to VND145 billion ($6.26 million). Revenues also rose by 50 percent to VND2.28 trillion. April is the seventh month in a row the company surpassed its pre-Covid results of VND2-trillion in revenues and VND100-billion in profits. For the first four …

The recent decline in stock trading could mean that speculators are withdrawing from the market, leaving more room for long-term investors to buy, analysts said. Since last month the average daily trading on Vietnam’s stock bourses have dropped to around VND16 trillion ($690.70 million), down 61.5 percent from the first …

  A gas station in Hà Nội on Monday. — VNA/VNS Photo Trần Việt HÀ NỘI — The retail price of oil and petrol continued to rise from May 23 following the latest adjustment by the Ministry of Industry and Trade and Ministry of Finance. Accordingly, from 3pm, the price of …