Business

Average industrial land rents in the south are 42% higher than in the north, according to real estate consultancy Cushman & Wakefield Vietnam. In the southern hub, which attracted investment earlier and more quickly than the north after the US lifted it’s devastating post-war blockade, industrial rent is on average …

Vietnam’s benchmark VN-Index rose 1.55% to 1040.55 points Wednesday, a strong recovery from a five-session losing streak last week. The index closed nearly 16 points higher after gaining 3 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 27% to VND8.26 trillion ($348.16 million). The …

Gasoline prices dropped for the second time in two weeks. RON95 fell 0.51% to VND23,320 ($0.98) per liter. E5 RON92 went down 0.53% to VND22,420. Diesel decreased for the fourth time in a row by 2.6% to VND20,250. The next price change is scheduled on March 11. The Ministry of …

Blue-chip companies saw profit growth slow down last year amid difficulties faced by the manufacturing, retail and property sectors. Companies making up the VN-30 basket of shares, the benchmark index on the Ho Chi Minh Stock Exchange (HoSE) comprising 11 banks and 19 other companies, saw pre-tax profits rise by …

Automakers and analysts are warning of a likely slump in the automobile market this year amid falling demand and high credit interest rates. Insiders expect things to be as gloomy as the Covid period, with sales unlikely to reach half a million units as it did last year. Demand was …

The U.S. dollar dropped against the Vietnamese dong Wednesday morning. Vietcombank sold the dollar at VND23,920, down 0.08% from Tuesday. Eximbank lowered its rate by 0.25% to VND23,880. The rate at Techcombank was VND23,910, down 0.23%. The State Bank of Vietnam maintained its reference rate at VND23,643. Unofficial exchange points …

Saigon General Service Corporation, the country’s largest auto distributor, expects profits to decline by VND150 billion (US$6.33 million) in 2023 amid forecasts of a turbulent year. In its annual report released recently, Savico said the auto market faces challenges as high car loan interest rates and lack of credit since …

Thien Long Group has taken part in two international fairs within one month in the hope of increasing exports and conquering difficult markets through its brand FlexOffice. The FlexOffice brand is available in 67 countries and territories on six continents. In Southeast Asia, which is Thien Long’s key export market, …

Vietnam earned over $3.4 billion from agro-forestry-aquatic product exports in February, a year-on-year increase of 5.7%, the Ministry of Agriculture and Rural Development said. The sector’s import-export value in the first two months of this year was estimated at $11.99 billion, down 16.8% from the same period last year. Its …

Total import-export revenue in the first two months of this year is estimated at $96.06 billion, down 13.2% year on year, with a trade surplus of $2.82 billion, reported the General Statistics Office (GSO). According to the office, so far this year, the country has exported $49.44 billion worth of …