Business

The tightening of real estate loans by commercial banks can curb speculation, help the market stabilize and avoid bubble bursts, some experts say, but others warn of downsides. Techcombank, Vietnam’s largest private lender by assets, halted disbursment of real estate loans from March 25 to April 1. Another private lender, …

  The operational electronics smart factory of Phenikaa Group in Hoà Lạc Hi-Tech Park. — Photo courtesy of the group HÀ NỘI — Phenikaa Group has announced the application of its latest LED lighting technology, following its development of core technologies in the 4.0 Industry. “Phenikaa Natural TrueCircadian LED Lighting” enables the creation of world-class light …

Haxaco, a major Mercedes-Benz dealer, will focus on developing luxury car rental service this year besides its core business of car retail. In a recent annual meeting, its chairman Do Tien Dung said the firm has almost gained monopoly status in luxury car rental across Ho Chi Minh City and …

Vinasun, the leading taxi firm in Vietnam, targets ending its two-year losing streak this year “at all cost” to avoid delisting. It eyes rising profits to VND27.3 billion ($1.2 million) against losses of VND277 billion and VND210 billion from 2021 and 2020. A company’s stock will be delisted once reporting …

  Investors follow transactions on the stock market. PM Phạm Minh Chính urged relevant agencies to ensure that the markets operate in a safe, healthy and transparent fashion. — VNA/VnExpress News Photo HÀ NỘI — Prime Minister Phạm Minh Chính has asked ministries and agencies to take measures to stabilise the stock and …

  The Vietnam Connect Forum 2022 was held in HCM City last Friday. —  Photo courtesy of the organiser HCM CITY — Việt Nam needs to go all out in its pursuit of green growth if it is to develop stably and sustainably, mobilising all resources at hand for the …

City Auto Corp, Vietnam’s largest Ford dealer, reported profits of VND51.8 billion (US$2.27 million) last year, a 36-fold rise from 2020. But it sold only 4,580 vehicles, 29 percent fewer than in 2020, and the increased profitability was due to the average price of each rising by 13 percent to …

The Russian government has ended Covid restrictions on regular and charter flights to and from 52 countries and territories including Vietnam. “The infection rate is declining, which means it’s time to expand the destinations available to our Russian airlines,” Russian news agency TASS quoted Prime Minister Mikhail Mishustin as saying …

Businesses want HCM City to stop the collection of infrastructure fees at seaports. VNA/VnExpress News Photo Thanh Vũ HCM CITY — Business associations have proposed that the Prime Minister ask HCM City to stop the collection of infrastructure fees at seaports. The Private Economic Development Research Board also sent the proposal to the PM, …

A trader watches stock movements on his laptop. — Photo hanoimoi.com.vn HÀ NỘI — Individual investors and professional organisations faced many difficulties with the market’s unfavourable movements in the first quarter. The stock market has just closed the first quarter in which it saw strong fluctuations.  The new year started smoothly, with …