Business

HCMC’s gross regional domestic product (GRDP) grew just 0.7 % in the first quarter, the lowest among Vietnam’s five municipal cities. HCMC’s growth is even lower than the national average, ranking 56/63 of all cities and provinces, the municipal Statistics Office reported Thursday. Agriculture, forestry and fishery increased by 2.06 …

Thailand’s economy is expected to grow by 3.6% this year, up from 2.6% last year, supported by stronger private consumption, a recovery in the tourism sector and strong pent-up demand following China’s reopening, the World Bank said on Friday. The 2023 outlook was unchanged from a forecast in December, and …

Two British tourists on Thursday wrote a letter to express their gratitude to local police in Da Nang for helping them find their lost iPhone 11. The tourists filed a report to the police in Cam Le District on Tuesday, saying they had lost an iPhone 11 and that they …

The U.S. dollar fell against the Vietnamese dong on the black market Friday morning. Unofficial exchange points sold the dollar at VND23,530, down 0.08% from Thursday. Vietcombank maintained the greenback at VND23,640. Eximbank and Techcomback kept its rates unchanged at VND23,670 and VND23,648, respectively. The State Bank of Vietnam (SBV) …

Digiworld Joint Stock Company, an authorized reseller of Apple and Xiaomi, has cut its profit target for this year by almost half to VND400 billion (US$17 million). In a report sent to shareholders ahead of the upcoming annual general meeting, the company said the revenue target is lower by 9% …

Sales of multi-purpose vehicles have nearly tripled in the last five years, while the number of models in the market has nearly doubled. Starting in 1999, with the likes of Toyota Zace and Mitsubishi Jolie, the MPV segment in Vietnam has been the main battleground for of Japanese and Korean …

Vietnam’s trade surplus hit $4.07 billion in the first quarter with $79.17 billion in export revenue and $75.1 billion in imports, according to the General Statistics Office. Among the major trade partners, Vietnam recorded a trade surplus of $17.5 billion with the U.S., down 23.4% year-on-year. It also recorded a …

Russian and Chinese buyers are snapping up villas and condos in Thailand’s Phuket for both residential and tourism purposes. “Russians are buying real estate in Phuket to live. They intend to buy immediately as they want to start moving in right away,” said Nattha Kahapana, managing director of property consultant …

Vietnam’s benchmark VN-Index rose 0.29% to 1,059.44 points Thursday in its eighth straight session in the green. The index closed 3.11 points higher after gaining 2.04 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 33.03% to VND11.04 trillion ($470.08 million). The VN-30 basket, comprising …

VPBank is expecting a pre-tax profit of VND24 trillion ($1.02 billion) this year, exceeding the $1 billion milestone for the first time since its establishment. The news comes after the bank announced the sale of a 15% stake to a Japanese financial giant. The target, which was announced in a …