Business

The Ministry of Justice is considering higher tax rates on short-term property transactions to combat speculation. The ministry proposes that higher tax rates should be imposed if someone sells a property after owning it for a short period of time in the hope of warding off real estate bubbles. When …

The WorldSteel Group has opened its second office building Hai Son Industrial Park (Phase 3+4), as part of the company plan to meet the needs of an expanding global market. The Long An WorldSteel Group building is at Lot Q9-10-15-16, St. No.7, Hai Son Industrial Park (Phase 3+4), Duc Hoa …

Hanoians are struggling to book ride-hailing and delivery services during the runup to Tet (Lunar New Year holidays). Hoang Viet of Nam Tu Liem District had an interminable wait before he could get a motorbike on a ride-hailing app on January 15 evening. He said: “[The] apps kept saying all …

Vietnam Airlines has expanded its Tet (Lunar New Year holiday) schedule for a fourth time with 108 additional flights with 20,000 seats. Most of the flights are from HCMC and Hanoi to Vinh, Thanh Hoa, Hai Phong, Da Nang, and Hue, the airline said. In all there will 9,200 flights …

SJC gold prices gained 0.15% to VND67.3 million ($2,871.46) per tael Tuesday morning. Gold ring prices went up 0.18% to VND55.45 million per tael. A tael equals 37.5 grams or 1.2 ounces. Global gold prices inched lower on Tuesday, weighed by an uptick in the dollar, although hopes of slower …

Japanese giant Sumitomo Mitsui Banking Corporation has sold a 10.8% stake in Vietnam’s Eximbank, reducing its ownership to 4.27%. It sold 132.8 million EIB shares at VND27,750 ($1.18) on January 13, according to a release by the Vietnamese bank. The value of the deal is estimated at around VND3.4 trillion. …

On a farm close to Hanoi, Le Van Hien picks out the best bird among his flock of “dragon chickens” — a breed with legs as thick as a brick that can fetch up to $2,000 a head. The lumpy legs of the Dong Tao chicken — named after the …

Fireworks are being sold for double to triple their original prices by unauthorized dealers, but demand remains high as Tet, Vietnam’s biggest holiday, approaches. A dealer in Hanoi’s Cau Giay District sold a mini fireworks package at VND880,000 ($38) over the weekend, 2.6 times higher then the original price charged …

South Korea’s Hyundai dominated Vietnam’s small urban car market last year after Vietnamese and Japanese manufacturers stopped selling A-segment models in the country. The A-segment is defined by the European Commission as city cars, the smallest category of passenger cars. Last year in Vietnam, Hyundai sold 10,752 units of its …

Thailand, known for its open visa policy, will be the most popular Asia-Pacific destination for this Lunar New Year holiday, according to an survey of online flight searches. Thailand accounted for 27% of all flight searches in the region, followed by Japan (19%) and Singapore (18%), according to China-based company …