Business

Tan Cang Construction Company stocks have risen by 40 times in less than two months to VND767,000 ($32.59) to become the most expensive in the Vietnamese market. They closed Tuesday with a 15% gain and took over from gaming company VNG Corp as the highest-priced share. For the first four …

Falling demand and lower prices of inputs have sharply driven down the prices of many goods, especially food and foodstuffs. Oanh, a footwear worker in Ho Chi Minh City’s Tan Binh District, said: “Prices of eggs, meat and vegetables are down 10-30% compared to a year ago, and the prices …

Only two banks now offer 8% interest on deposits compared to more than 10 even a month ago. The highest rates of 8% are offered by GPBank (for 12 months) and Saigonbank (13 months). The rest have dropped their rates to below 8%. Ten of them are offering less than …

AhaSlides has become a success in the global interactive presentation software market due to its innovative and user-friendly features. Despite the presence of established giants, both the global and Vietnamese presentation application markets offer potential for businesses to explore and invest. Recognizing this opportunity, founder Dave Bui and his team …

The average age of automobiles in Vietnam is 5.7 years, or near a major maintenance milestone and requiring many replacement parts, according to experts. Passenger cars usually have a warranty period of three to five years, and need a major overhaul after six to seven years of running. With cars …

Young people cannot afford to buy a house in Ho Chi Minh City mainly because of the shortage of affordable housing and difficulty in getting credit, experts said. Giang Huynh, deputy director of market research at real estate consultancy Savills Vietnam, said the housing market for millennials (those aged 25-38), …

Vietnam and New Zealand aim for bilateral trade turnover to reach $2 billion by 2024, a 54% increase from 2022. At a Tuesday meeting between Prime Minister Pham Minh Chinh and his New Zealander counterpart Chris Hipkins at a World Economic Forum meeting in China, both leaders said Vietnam and …

Major headwinds are stalling the global economy and increasing international cooperation and multilateralism are key solutions, Vietnam’s Prime Minister Pham Minh Chinh told world leaders. Global economic downturn and rising inflation are among the challenges the world is facing, PM Chinh said Tuesday at the opening session of the World …

The board of directors of National Citizen Bank (NCB) has appointed Ta Kieu Hung as the new CEO, starting Tuesday. Hung, 43, has an MBA from CFVG, a French-Vietnamese cooperation school under the National Economics University. The new appointee has more than 20 years in the banking-financial sector and has …

Vietnam’s benchmark VN-Index rose 0.20% to 1,134.33 points Tuesday in its sixth gaining session. The index closed 2.30 points higher after gaining 2.65 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 27.94% to VND14.68 trillion ($623.68 million). The VN-30 basket, comprising the 30 largest …