Business

Indonesian billionaire Prajogo Pangestu, the founder of a major petrochemical company, has experienced one of the most significant net worth declines among global billionaires this year. As chairman of Barito Renewables Energy, Indonesia’s leading petrochemical firm, Pangestu’s fortune has decreased by 16.9% since the year’s start, landing at $25.8 billion …

My American friends are astonished that some Vietnamese receive handouts from their parents to buy a house, while youth in the West have to fend for themselves. In Vietnam, people often calculate ratio of house prices to income to determine the number of years needed to afford a house and …

The high-end apartment segment in HCMC had an absorption rate of just 2.3% last quarter despite a 12% drop in prices, according to new reports. With no new supply in the last quarter, only 39 of the 1693 new units remaining from the first three quarters were sold for a …

Festivals, musical performances, workshops, and sustainability fairs headline Saigon’s weekend, offering diverse experiences for all interests and inviting everyone to join in the excitement. Saigon Pizza Festival 2024 The Saigon Pizza Festival is scheduled for this weekend at Saigon Outcast, a venue known for hosting diverse events and creative community …

For the first time, Octopus opens up its payment network to UnionPay, AlipayHK, and Alipay to enable QR payments for Mainland visitors and Hong Kong passengers Transaction fee waiver and referral programme to accelerate driver sign-up HONG KONG SAR – Media OutReach Newswire – 11 January 2024 – Today Octopus …

VietinBank is set to auction a penthouse with prices starting at VND54.1 billion ($2.2 million) in Hanoi for the fourth time, following three unsuccessful attempts to sell this collateral property. The five-bedroom penthouse is on the 44th and 45th floor of Vinhomes Metropolis building in Ba Dinh District. It is …

Vietnam’s benchmark VN-Index rose 0.06% to 1,162.22 points Thursday, highest since Sept. 22. The index closed 0.68 points higher after gaining 2.95 points in the previous session. Trading on the Ho Chi Minh Stock Exchange decreased by 17% to VND17.32 trillion ($707 million). The VN-30 basket, comprising the 30 largest …

Gasoline and diesel prices rose marginally on Thursday afternoon. The popular RON95 gasoline went up 0.09% from a week ago to VND21,930 ($0.90) per liter. E5 RON92 rose 0.19% to VND21,930. Diesel increased by 1.76% to VND19,700. Fuel prices fluctuate globally in the last seven days due to supply shortage …

The rice industry had a good year for export in 2023 but to go a long way, it is necessary to enhance the linkage between farmers and exporters to develop large-scale and high-quality production. — VNA/VNS Photo Thu Hiền HÀ NỘI — Việt Nam must enhance links between farmers and …

Electronics retailer FPT Retail has unveiled its own mobile virtual network, marking it as the country’s fifth such network. Known for operating the FPT Shop chain and being a subsidiary of the tech giant FPT, FPT Retail does not have its own network infrastructure but leases network services from MobiFone …