Business

The State Bank of Vietnam is concerned about gold speculation and smuggling and wants the government to monitor the market. It has called on the Ministries of Industry and Trade, Public Security and Finance to look for violations in the trading of gold and gold bullion. It wants them to …

Old Vietnamese people used to say that “wealthy people in the countryside are never as rich as idle people in a big city,” but this is no longer true. In HCMC, a couple’s combined monthly income of nearly VND25 million (US$1,018) is considered aspirational in the countryside. However, life in …

For more than a week, Saigonese youth have stood in line at street-side stalls to buy stone-grilled sausages after the popular street food originating from China recently stormed social media. Thu Thao queued up behind a dozen people and waited more than 15 minutes in front of a fast-food truck …

Investors in Novaland – issued international bonds, worth a total of $300 million, must pay almost double to convert the bonds to shares, according to a latest decision by the property developer. The conversion price is now set at VND77,000 ($3.14) per NVL share, 93% higher than it was in …

Grocery chain Bach Hoa Xanh, operated by electronics retail giant Mobile World, is set to sell a 5-10% stake to increase capital, down from an earlier plan to sell 20%. “Positive business results and cashflow in 2023 shows that Bach Hoa Xanh no longer needs to sell a 20% stake …

Hungarian Prime Minister Viktor Orban has called on Vietnamese companies to invest in his country, saying his government prioritizes creating a safe environment for new investors. Speaking at the Hungarian – Vietnamese Business Forum in Budapest on Friday amid Prime Minister Pham Minh Chinh’s visit, he said: “Vietnam’s economy is …

A Lunar New Year event called Vietnamese Tet Festival 2024 opened on Thursday evening at Le Van Tam Park in downtown Ho Chi Minh City and has interested foreign visitors. At the park’s main gate on Dien Bien Phu Street are three replicas of traditional houses complete with ancestral altars …

  A  showroom of Honda Vietnam located in Tây Hồ District, Hà Nội. — Photo courtesy of the company HÀ NỘI — The domestic automobile market has experienced mixed results after the expiration of the 50 per cent registration fee reduction policy on January 1, 2024. The end of this policy has impacted both …

A Lunar New Year event called Vietnamese Tet Festival 2024 opened on Thursday evening at Le Van Tam Park in downtown Ho Chi Minh City and has interested foreign visitors. At the park’s main gate on Dien Bien Phu Street are three replicas of traditional houses complete with ancestral altars …

  A banner advertising a sale of a secured land asset. Many secured assets are being put on auctions to recover debt amid rising pressure from bad debts in the context of economic difficulty. — Photo cafeland.vn  HÀ NỘI — Banks are selling property assets such as land, villas and houses …