Business

Construction of a 1,200 MW thermal power plant with a total investment of over VND41.13 trillion (nearly $1.8 billion) began Monday in the central province of Quang Binh. When it becomes operational in 2025, the Quang Trach 1 Thermal Power Plant will annually generate 8.4 billion kWh for the national …

Thu Thiem Peninsula land prices have soared to a record VND2.4 billion ($104,000) per sq.m, and this will have a ripple effect on all housing segments, experts say. Winning bids on four plots of land in the Thu Thiem new urban area in District 2 ranged from VND470 million to …

Thu Thiem Peninsula land prices have soared to VND2.4 billion ($104,000) per sq.m, the highest in Vietnam, and this will have a ripple effect on all housing segments, experts say. Winning bids on four plots of land in the Thu Thiem new urban area in District 2 ranged from VND470 …

Despite managing to cope with the impacts of Covid-19 so far, many small and medium-sized enterprises are worried about the likely difficulties awaiting them next year. They have four major concerns: pandemic threat, higher input costs, tightened consumer spending, and lack of support from the government. “New virus variants can …

Vietnam’s benchmark VN-Index rose 0.87 percent to 1,476.21 points Monday, with trading value rising double-digit. The index stayed in the green throughout the day and closed nearly 13 points higher. It has gained in four of the last five sessions. Trading value on the Ho Chi Minh Stock Exchange (HoSE), …

Chairwoman of Phu Nhuan Jewelry Cao Thi Ngoc Dung has registered to sell 5 million shares, or a 2.2 percent stake, for personal reasons. The transaction is set to be matching and put through from Dec. 14 to Jan. 12, the jewelry company stated. After the transaction, Dung is set …

Companies still have difficulty finding workers, especially skilled ones, a problem that began months ago when thousands returned to their hometowns to escape Covid-19, a survey has found. Firms facing labor shortages, nearly a third of the respondents, said it is not easy for migrant workers to travel back from …

Authorities in Thua Thien-Hue Province, home to popular tourist town Hue, plan to allow in foreign tourists with a vaccine passport starting later this month. The province people’s committee has approved a trial three-phase vaccine passport program for tourists from Europe, the U.S., Northeast and Southeast Asia, and Australia, which …

Conglomerate Masan said it was considering launching an international initial public offering for its consumer retail unit The CrownX in 2023-2024 after raising a further $350 million from a consortium of investors. The consortium of investors comprised private equity firm TPG, Platinum Orchid, a wholly owned subsidiary of the Abu …

Vingroup has started construction of a VND4 trillion ($174.14 million) car battery plant in the central province of Ha Tinh. VinES, located in the Vung Ang Economic Zone, will have a capacity of 100,000 battery packs a year in the first phase of and one million in the second. The …