Sunday , November 24 2024

Business

Business

Techcombank sells headquarters building for $72M

Techcombank sells headquarters building for $72M

Techcombank has sold its building in Hanoi for VND1.7 trillion (US$72.49 million), making a profit of over VND730 billion. It had bought the building on 191 Ba Trieu Street in Hai Ba Trung District 10 years ago from conglomerate Vingroup, changed its name to Techcombank Tower and made it its …

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Feed producer Nova Consumer posts Q1 loss

Animal feed producer Nova Consumer posted its first loss after going public at VND7.6 billion ($324,127) in the first quarter this year. The loss came on rising expenses, mostly loan interest. In the first quarter it borrowed over VND1.3 trillion and had to pay VND300 million in interest every day. …

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Electricity price rises 3%

Electricity price rises 3%

The cost of electricity will increase 3% starting Thursday, due to rising input and production costs. The hike to VND1,920.37 (8.2 cents) per kWh, excluding VAT, decided by Vietnam Electricity (EVN) and approved by the Government and the Ministry of Industry and Trade marks the end of four years of …

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Gasoline prices drop to near four-month low

Gasoline prices drop to near four-month low

Gasoline prices on Thursday fell by more than 5% to the lowest since mid-January. Starting from 3 p.m. RON95 declined by 5.5% to VND22,320 per liter. Biofuel E5 RON92 also dropped by 5.5% to VND21,430. Diesel fell 5.9% to VND18,250, a new low since the beginning of the year. The …

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Vietnam’s coffee export could reach $4B

Vietnam's coffee export could reach $4B

Domestic coffee prices are at high levels, providing opportunities for Vietnam to maintain a coffee export revenue of over $4 billion this year. According to Mercantile Exchange of Vietnam (MXV), Robusta averaged $2,564 per tonne as of April 24 on ICE Futures Europe, which increased by nearly 40 compared to …

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