Business

Businesses, mostly property developers, are relying on bonds to fund their projects once again by offering interest of up to 14%, triple the rates on bank deposits. In the last two months 16 out of 91 companies making issuances – worth VND14.6 trillion (US$602.37 million) — have offered rates of …

Vietnam’s benchmark VN-Index rose 1.66% to 1,120.49 points Monday, its biggest gain since Nov. 8. The index closed 18.33 points higher after gaining 8.03 points in the previous session. Trading on the Ho Chi Minh Stock Exchange increased by 98% to VND24.23 trillion ($999.58 million). The VN-30 basket, comprising the …

Prime Minister Pham Minh Chinh has tasked state energy firm Petrovietnam with laying underwater power transmission lines and developing offshore wind power. Speaking on Sunday with Robert Helms, partner at Danish renewable energy investment firm Copenhagen Infrastructure Partners (CIP), and Ian Hatton, founder of British energy company Enterprize Energy (EE), …

SJC gold prices Monday continued its upward trend and is now close to its historic peak secured last week. Gold bar rose 0.54% to VND74.4 million ($3,069.62) per tael Monday morning, inches away from the historic peak of VND74.6 million achieved on the morning of Nov. 29 before closing the …

The two Vietnamese streets are among the world’s most expensive retail locations, but while Trang Tien is almost fully leased Dong Khoi has a lot of unoccupied space. According to U.S. property consultancy Cushman & Wakefield (C&W), HCMC’s Dong Khoi, where the rent averages US$390 per square foot per year …

Over five tons of Vietnamese durian and chili were destroyed in Japan in October for containing a higher dose of pesticide than the country’s standard. The batch of 1.4 tons of durian was exported on Oct. 5 by a company in Vietnam to Japan, where it was found to contain …

King orange prices have sunk to VND2,000-4,000 (US$0.08-0.16) per kilogram at the farm gate, half its previous lowest reached in June, but still not many merchants are buying the fruit. Oanh, who owns an orchard in southern Dong Nai Province, says she recently harvested three tonnes of oranges but could …

Prime Minister Pham Minh Chinh has asked the United Arab Emirates to support Vietnam to build an international financial center in Ho Chi Minh City, as both countries agreed to expand economic and trade cooperation. During a meeting with vice president Sheikh Mansour bin Zayed Al Nahyan on Saturday, Chinh …

The labor cut wave in HCMC has shown signs of slowing down as the number of people registering for unemployment benefits decreased by nearly one-quarter compared to mid-year, an official said. “Labor cuts have begun to cool down in the last months of the year,” Le Van Thinh, director of …

A surge in demand from China has taken Vietnam’s durian exports in the first 10 months to a record US$2.1 billion. Durian accounted for 51% of all vegetable and fruit exports in the period, according to the Vietnam Fruits & Vegetables Association (Vinafruit). 94% of the durian exports were fresh …