Business

Vietnam’s economy will grow by 6.6% this year and at a similar rate in 2024, according to a report released by the Organization for Economic Co-operation and Development (OECD). The report states that Vietnam’s economic growth is driven by foreign investment in the manufacturing sector, especially electronics, machine manufacturing, textiles …

Visitors to Hoi An ancient town in central Vietnam will have to pay an entry fee from May 15, which will be used for its conservation. The fees are VND120,000 (US$5.11) for foreigners and VND80,000 ($3.41) for Vietnamese, according to the town administration. Nguyen Van Son, its chairman, said the …

Vietnamese firms spent over $903 million in the first quarter importing 41,780 completely-built-up (CBU) cars, according to a report by the General Statistics Office (GSO). The cumulative import turnover of CBU cars in Q1 2023 increased by 76% in volume and 60.8% in value compared to the same period last …

Buyers of social housing buyers will be able to borrow from a VND120 trillion ($5.08 billion) government support package at annual interest rate of 8.2%. From now until June 30, qualifying homebuyers can borrow at the rate for a term of 5 years, according to the State Bank. Social project …

Seedcom, which owns The Coffee House and fashion store chain June, has reported a 14.5% increase in losses to VND270 billion ($11.5 million) last year. However, revenues rose by 60% thanks to increasing contributions by its fashion and supermarket chains, according to its consolidated financial results. Since the onset of …

Economic difficulties would persist in the second quarter of the year, posing a challenge to meeting the year’s GDP growth target, the Ministry of Planning and Investment predicted. At an online conference between the national Government and local authorities on Monday, the ministry said production and business, including industrial production, …

Waiting for nearly three hours to complete entry procedures and pick up luggage while receiving an unfriendly welcome from immigration officers are what foreigners are experiencing at Vietnam’s busiest airports. After landing at Tan Son Nhat International Airport in Ho Chi Minh City (HCMC) in March, Spanish tourist Antonio felt …

Despite a 30% fall in housing prices in March, buyers remain on the sidelines, waiting for them to decline even further. Demand in all segments – apartments, land plots, townhouses, and villas – decreased by 50-90% in the first three months of this year despite declining prices. A survey by …

Vietnam’s benchmark VN-Index rose 1.38 percent to 1079.28 points Monday, making it tenth consecutive session in the green. The index closed 14.64 points higher after gaining 5.20 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 19.82% percent to VND14.17 trillion ($604.1 million). The VN-30 …

Gasoline prices slightly rose on Monday after falling to its lowest in 2 months on March 21. RON95 went up 0.39% to VND23,120 ($0.98) per liter. E5 RON92 increased by 0.28% to VND22,080. Diesel stopped its downward trend with a 0.67% rise to VND19,430. Globally, average price of fuel products …