Business

Demand for apartments has declined sharply this year though sellers are offering discounts of 30-50%. In Ho Chi Minh City, liquidity was low in January and February and weakened further in March. In the secondary market, investors who are under stronger pressure to repay bank loans or pay higher interest, …

DTS Group and GMO have established a blockchain technology application and development center with the goal of promoting blockchain technology in Vietnam. The Mira Blockchain Center in Hanoi aims to bring blockchain technology to life through integrated technology-based physical products and high technology projects. The unit will play the role …

Vietnam’s benchmark VN-Index rose 0.79% to 1040.54 points Wednesday. The index closed 8.11 points higher after gaining 9.33 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 3.89% to VND8.65 trillion ($367.77 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 17 tickers …

Citibank has been honored as “Bank of the Year” in the Asia Pacific at the 2022 International Financing Review Asia Awards. The award was based on a unanimous decision by the editors of IFR Asia, a leading regional capital markets magazine. The recognition from IFR Asia reaffirms the expertise and …

Authorities in the central tourist city Da Nang will launch a special team to crack down on unlicensed taxi drivers at its airport to prevent foreign tourists from being overcharged. The move came after a number of foreign tourists complained that they had been cheated by unregistered taxi drivers at …

The Central Highlands town of Da Lat is expected to become the most popular tourist hotspot during the upcoming Reunification Day (April 30) and Labor Day (May 1) holidays, travel agency Booking.com says. Da Nang beach city in central Vietnam ranked second, followed by beach resort towns Nha Trang and …

Bank credit is forecast to grow at only 12% this year since economic activity is slow and the property sector, usually the biggest borrower, is in a slump. It had grown at 14.5% last year. Ninh, who runs a cargo transport firm, said the scale of his operation has fallen …

Vietnam will begin reducing its unofficial exports in 2025 to prevent congestion at land borders, especially with China, according to a draft government decree. Currently goods are exported through land borders both officially with quotas and unofficially without quotas. Exports worth under 8,000 yuan (US$1,160) per person per day fall …

SJC gold price dropped 0.22% to VND67.15 million ($2,855.14) per tael Wednesday morning. Gold ring price fell 0.53% to VND55.5 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices edged higher on Wednesday as the dollar eased, while investors kept a close watch on the …

The U.S. dollar slipped marginally against the Vietnamese dong Wednesday morning. Vietcombank let the dollar slide 0.04% from Tuesday to VND23,740. Eximbank maintained the greenback at VND23,740. The rate at Techcombank was unchanged at VND23,758. The State Bank of Vietnam kept its reference rate stable at VND23,617. The dollar was …