Business

Thị Vải LNG warehouse project which has a capacity of one million tonnes is developed by PV Gas. The company shares lost nearly 3 per cent yesterday. Photo pvgas.com.vn HÀ NỘI — Indices were little changed yesterday as the market struggled to find momentum, while large-cap stocks still faced a sell-off.  On …

  Danny Le, CEO of Masan Group Corporation, presents the company’s strategic roadmap towards building a Point of Life network at its annual general meeting held in HCM City on April 28. — Photo courtesy of Masan HCM CITY — Masan Group Corporation is focusing on adopting technology and artificial …

Saigon Beer brewer Sabeco saw its post-tax profit rising 25 percent year-on-year to VND1.2 trillion ($52.27 million) in Q1 thanks to the resumption of tourism and services. The biggest brewer in Vietnam saw revenue rising by the same rate to over VND7.3 trillion, while also managing to cut sales and …

Seedcom, the operator of The Coffee House beverage chain and June fashion outlets, posted a loss of nearly VND240 billion ($10.45 million) last year due to Covid-19 impacts. The loss increased by nearly 24 percent from 2020. Its debt-to-equity ratio rose by 26 to 69.5. It had nearly VND1.48 trillion …

Grade A office rents in HCMC rose by 5.1 percent quarter-on-quarter to US$44.9 per square meter per month last quarter. The average rent was 5.3 percent up from a year earlier, according to real estate consultancy CBRE Vietnam. Grade B rents averaged $25.9, up 1.7 percent and 3.1 percent. Similar …

The HCMC branch of the State Bank of Vietnam has instructed banks to limit loans for buying property as it seeks to prevent speculative bubbles in the market. It also wants them to reduce lending for buying luxury and resort real estate. However, they can continue to lend to meet …

Vietnam’s economy will grow by 6-6.5 percent this year, but it will be difficult to keep inflation to the targeted 4 percent rate, a group of academics have warned. To Trung Thanh of the team from the National Economics University attributed the rise in prices, especially of gasoline, to Russia’s …

  A four-day festival to promote Vietnamese spices will open on Thursday, April 28 in HCM City. — VnExpress News Photo Xuân Đăng  HCM CITY — A festival to showcase region-specific spices cultivated and used in Việt Nam will be held in HCM City from April 28 to May 1. The festival is organised …

  BSC was the 11th largest stock brokerage in Việt Nam in 2021. Photo BSC HÀ NỘI — The South Korean financial group Hana Financial Investment (HFI) has acquired a 35 per cent stake in BIDV Securities (BSC) in the form of private placement with a total transaction value of nearly US$117 …

  Finance minister Hồ Đức Phớc. VNA/VnExpress News Photo Vietnam News Agency talks with Minister of Finance Hồ Đức Phớc about recent developments in Việt Nam’s stock market and his ministry’s response to such events.  In light of recent turbulence experienced by the stock market, especially the sharp fall on April 25, …