Business

A developer cancelling the purchase of the most expensive land has exposed legal loopholes in Vietnam’s real estate auctions that can be misused to stir price speculation, industry insiders say. Vietnam’s regulations on property auctions are loose and need to be tightened so that real estate developers don’t “blow up” …

  At the signing ceremony between the Đà Nẵng Tourism Promotion Centre and Klook Vietnam. — VNA/VnExpress News Photo ĐÀ NẴNG — The Đà Nẵng Tourism Promotion Centre has signed an agreement with travel firm Klook Vietnam to attract more tourists to the central city through strengthened communications and tourism promotion.  Under the …

  Fiber production line in Vinatex Hồng Lĩnh JSC’s factory in Hà Tĩnh Province. Việt Nam’s export turnover of fiber of all types reached a record high of US$5.6 billion in 2021. — VNA/VnExpress News Photo Vũ Sinh HÀ NỘI — Việt Nam’s export turnover of fiber of all types reached a record high of US$5.6 billion …

Singapore-based real estate investment management company GLP has established the GLP Vietnam Development Partners I with an investment of $1.1 billion, the biggest ever logistics fund in Vietnam. The fund will focus on developing six modern and environmentally-friendly logistics facilities with a total land area of nearly 900,000 square meters …

Digital transformation is paving a way for innovation, services, and new data-based business models. Siemens is the industry partner for digital transformation. Dr Phạm Thái Lai, president and CEO of Siemens ASEAN & Việt Nam, discusses the company’s strong support for its customers in unlocking the full potential of digitalisation …

The average hotel room rent in HCMC was nearly VND1.4 million ($60.8) a day in the last quarter, a quarter-on-quarter increase of 21 percent as tourism made a restart. The HCMC hotel market report by Savills Vietnam said the stable Covid-19 situation and accelerated vaccination in the city in the …

Due to COVID-19, many enterprises have shifted their activities online. Photo diendandoanhnghiep.vn After the second year of the COVID-19 pandemic, despite lockdown orders, social distancing, and direct contact restriction, there was not a complete collapse of socio-economic life. This was largely thanks to contactless and online services, fuelling digital transformation. While …

The round lot of 100 shares will not be reduced to 10 in the securities market, but trading in odd lots will be allowed, the finance ministry has said. “There will be a mechanism for investors to sell odd lots of shares they are holding,” Deputy Minister of Finance Nguyen …

IT giant FPT reported a 20.4 percent rise in pre-tax profits last year, mainly thanks to sharp growth in overseas revenues. Sales rose 19.5 percent by VND35.68 trillion (US$1.55 billion) and profits to VND6.33 trillion, with technology services accounting for 58 percent and 44 percent. Thanks to the surge in …

  A telecommunication worker set up a telecom hub in Hà Nội. Minister of information and Communications Nguyễn Mạnh Hùng says it’s high time for the country to invest in Cloud Computing, Digital Platform and As Service. — VNA/VnExpress News Photo HÀ NỘI — Việt Nam is to focus on the development of …