Business

The average monthly income in Binh Duong Province was the highest nationwide last year at VND8.08 million ($345). Hanoi followed at VND6.42 million, and Ho Chi Minh City came third at VND6.39 million, according to the Citizen Living Standard Survey released by the General Statistics Office. This means residents in …

Society Pass CEO Dennis Nguyen spent 9 months and US$4 million listing his company on the Nasdaq. The company listed in November 2021 as the first Vietnam-based firm to complete an IPO on the US stock exchange. Society Pass had successfully raised US$28 million to do so. Now, as the …

Vietnam’s benchmark VN-Index rose 1.26% to 1,053.44 points Monday, highest in nearly three weeks. The index closed 13.13 points higher after losing 0.3 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 15.92% to VND10.78 trillion ($459.74 million). The VN-30 basket, comprising the 30 largest …

Northern Vietnam is set to face a power shortfall of 1,600-4,900 megawatts in May and June when hydropower production will be hit by the hot, dry weather. The hot weather caused power demand in mid-April to exceed the plan by 5% to 823 million kilowatt-hours, national utility Vietnam Electricity (EVN) …

Customs authorities in Hai Phong City’s Dinh Vu Port are looking for the owner of a Rolls-Royce car that has remained unclaimed since being imported in July last year. According to the port customs sub-department, after no individuals or organizations came to collect the vehicle, last December it had posted …

Vietnam Airlines’ HVN shares will see trading restrictions from May 12 for failure to file its results in time. The carrier has been more than 30 days late in submitting its audited consolidated financial statements for 2022, the Ho Chi Minh Stock Exchange (HoSE) said in a statement. At the …

Minh Phu Seafood, one of the country’s biggest shrimp processors, reported a loss of VND95 billion ($4.1 million) in the first quarter, ending its seven-year streak of profitability. Its revenues fell by half year-on-year to VND2.1 trillion. The gross profit margin almost halved from over 11% to less than 6%, …

The export of bananas, durians, and jackfruit from Vietnam to China and Laos surged in the first four months of the year. The export value of vegetables and fruits reached $1.39 billion, up 19.4% over the same period last year, according to the Ministry of Agriculture and Rural Development. China …

More than 110.6 trillion VND (US$4.7 billion) of public investment was disbursed in the first four months of this year. This number is equivalent to 14.6% of the yearly target and lower than the 18.48% in the same period last year, according to the Ministry of Finance. Only three ministries …

VPBank senior manager Nguyen Thi Minh Nguyet has been appointed Vietnam’s largest consumer finance company FE Credit’s acting general director to replace Kalidas Ghose, who has led FE Credit since the beginning. Kalidas Ghose stepped down from his position as general director on April 30 to become a senior advisor …