Business

Major pork producers posted losses in the last quarter of 2022 as animal feed costs rose and consumer demand dropped as people tightened spending. Dabaco Vietnam, the country’s biggest husbandry firm, recorded a VND79 billion ($3.34 million) loss in the last quarter, the first quarterly loss in five years. BaF …

Tan Son Nhat International Airport in HCMC has requested permission from HCMC authorities to retain a taxi buffer space open in anticipation of the holidays in late April. The airport served 80,000-95,000 passengers a day during the Lunar New Year holiday, and anticipates handling an average of 52,000 passengers per …

The U.S. dollar hit a six-week high against the Vietnamese dong Thursday morning, continuing to its uptrend which began earlier this week. Vietcombank sold the dollar at VND23,800 Thursday, up 0.13% from Wednesday and highest since December 26. The state-owned lender has been keeping the exchange rate stable for several …

The property sector did not have difficulty accessing bank credit last year, and in fact 21.2% of all loans went to it, a central bank executive said Wednesday. Banks did lend to developers with feasible projects, and only some high-risk segments that could have caused a bubble because of speculation …

The State Treasury raised VND32.8 trillion (US$1.39 billion) worth of government bonds, or 96.56% of the total government bonds on offer, via eight auctions on the Hanoi Stock Exchange during January. The figure was equivalent to 30.4% of the first-quarter issuance plan and 8.21% of the annual target. Of which, …

The State Treasury raised VND32.8 trillion (US$1.39 billion) worth of government bonds, or 96.56% of the total government bonds on offer, via eight auctions on the Hanoi Stock Exchange during January. The figure was equivalent to 30.4% of the first-quarter issuance plan and 8.21% of the annual target. Of which, …

The Civil Aviation Authority of Vietnam (CAAV) predicts the aviation market will fully recover from the impacts of Covid-19 lockdowns by the end of this year. Passenger transport is expected to rise 45% from last year to 80 million in 2023, according to the industry’s governing body. CAAV has also …

The number of foreign visitors to the Asia-Pacific region increased by 399% year-on-year in the first eight months of 2022, according to the the Asian Development Bank. According to the Asian Economic Integration Report 2023 report the bank published this week, the pace of tourism recovery has accelerated significantly and …

Vietnamese lenders say they’ve been supplying an ample number of loans to the real estate industry, but property developers are still demanding easier access to credit. “We’re not asking for lower interest rates, we just want access to new loans,” said Le Hoang Chau, chairman of the Ho Chi Minh …

An increased number of Vietnamese are relying on more than one source of income as inflation and an economic slowdown become top concerns, a survey has found. The survey discovered that 34% of respondents were relying on multiple sources of income in January, compared to 20% in July last year. …