Business

Housing prices in HCMC and neighboring provinces increased by 42-46 percent year-on-year in the first quarter to US$7,580 and $2,630 per square meter on average. In HCMC, they were driven up mainly by the record price tags for two new projects in Thu Duc City, real estate consultancy Cushman & …

Gasoline prices were cut by over VND1,000 (4.3 U.S. cents) Friday after the environment tax was halved. The popular RON 95 variety and biofuel E5 RON 92 have become 3.6 percent cheaper at VND28,150 and VND27,300. But the prices of kerosene, diesel and mazut were adjusted upward by 2.4-6.4 percent. …

Vietnam may face a power shortage from April due to tight coal supplies, Vietnam Electricity (EVN) reported. Some thermal power plants are operating at 60-70 percent capacity, which has led to a decline in electricity supply as high-demand season nears. The decline in power production is seen at Nghi Son …

Declining vacancy rates and rising rentals indicate demand for office space in the US$15-20 per square meter segment is recovering from its Covid-19 slump. VNO Development and Investment Corporation, a company that leases out 14 office buildings with a total area of 50,000 sq.m, said the vacancy rate has shrunk …

Some thermal power plants are operating at 60-70 percent capacity due to coal shortage, which has led to a decline in electricity supply as high-demand season nears. The decline in power production is seen at Nghi Son 1, Vung Ang 1 and Vinh Tan 2 thermal power plants in the …

  The Government has slashed environmental tax and ramped up imports to ensure ample supply of petrol products in the domestic market. Photo courtesy of the Ministry of Industry and Trade HÀ NỘI — Chairman of the National Assembly (NA) Vương Đình Huệ and the NA’s Standing Committee have approved a …

  A Sacombank’s office in HCM City. — Photo courtesy of the bank HCM CITY — HCM City’s credit growth has rebounded, growing by 3.65 per cent as of the end of March, up 13.1 per cent year-on-year, according to the State Bank of Việt Nam’s HCM City branch. Nguyễn Đức Lệnh, …

  Many commercial spaces for rent around Nguyễn Huệ Street in HCM City cannot find tenants. — Photo nld.com.vn HCM CITY — Commercial spaces on HCM City’s main streets do not have many takers since rentals remain too high. While the rental market in places close to downtown such as Phú …

  An automobile production line of VinFast, local carmakers and assemblers will soon enjoy the extension of excise tax payment. — nld.com.vn  HÀ NỘI — The Ministry of Finance (MoF) has proposed the Government continue extending the deadline for excise tax payment for domestically-manufactured and assembled cars. The ministry reports that the …

  Workers of Toàn Phát Company in Hà Nam Province make garment products for exports. — VNA/VnExpress News Photo Trần Việt  HÀ NỘI — As many as 34,600 new enterprises were established in the first quarter of this year, up 18 per cent year-on-year, according to the General Statistics Office (GSO). The firms registered …