The central bank always closely monitors gold market developments. VNA/VNS Photo HÀ NỘI The central bank has warned people to take caution when trading gold amid the strong fluctuations of the precious metal. Đào Xuân Tuấn, Director of the State Bank of Vietnam (SBV)’s Department of Foreign Exchange Management, noted …
Read More »Countries boost imports of Vietnamese durian
Several countries have bought more durian from Vietnam this year as farmers have increased the quality of the fruit. Durians in an orchard in the Mekong Delta city of Can Tho. Photo by VnExpress/ Manh Khuong Vietnam exported $2.2 billion worth of durian in the first 11 months, up five …
Read More »Vietnam eyes 18 million foreign tourists this year
The tourism industry, after achieving last year’s targets, hopes to attract 18 million foreign visitors in 2024, the same number as in 2019, the year before Covid-19 began. It eyes revenues of VND840 trillion (US$34 billion), up 1.25 times from last year, according to the Vietnam National Authority of Tourism. …
Read More »Several automobile manufacturers recall vehicles in 2023
HÀ NỘI — Several car manufacturers in the Việt Nam market have issued recalls to address various issues in their vehicles in 2023. Hyundai recalls 17,670 Santa Fe vehicles Hyundai Santa Fe Hyundai initiated a recall in February 2023, involving 17,670 Hyundai Santa Fe vehicles produced between January 30, 2021, …
Read More »$120,000 decision: Downtown HCMC apartment or suburban house?”
With VND3 billion (US$119,937), you can definitely buy a one-bedroom apartment in the inner city whereas you may need an extra VND1 billion to buy land and build a house in the suburban area, said an expert. Question submitted by reader Thanh Trung: I have a stable job in HCMC …
Read More »South Korean brands dominate high-clearance subcompact CUV segment
In the past 11 months, three new subcompact crossovers (CUVs) by South Korean carmakers Hyundai and Kia outsold the combined total of the top six Japanese models in the same segment. This segment includes the A+ and B+ sub-segments, with A+ being larger than minicompacts but smaller than standard B-segment …
Read More »1,300 real estate companies close down this year
Around 1,300 real estate companies have gone bankrupt this year, an 8% increase compared to last year, according to the General Statistics Office. Among the firms that left the market, the number of companies that suspended business for a limited time increased by 21% compared to 2022, while the number …
Read More »Major automobile repair, insurance disputes of 2023
From a broken VND600 million ($24,000) Porsche gearbox to hitting a rock on the highway, these car repair and insurance disputes garnered the most attention on VnExpress in 2023. Insurance claims and repairs are not always smooth sailing for car owners as no one wants to fork out money when …
Read More »Vietnam among world’s top 25 economies by 2038: UK think tank
Vietnam and the Philippines are the two economies in Southeast Asia that are projected to make a big leap in the World Economic League Table (WELT) between 2023 and 2038, according to the Center for Economics and Business Research (CEBR). The center forecasts that Vietnam will move swiftly up the …
Read More »Exploring Saigon on the new double-decker water bus
Many people queued for Saigon’s first double-decker river bus this week, which offered a unique opportunity to explore the city, with ticket prices ranging from US$7 to $13. Exploring Saigon on the new double-decker water bus Exploring Saigon on the new double-decker waterbus
Read More »