Business

Prices of new apartment rose in southern localities in October, but sales were few and far between, according to a real estate consultancy. Prices were up 4-10% compared to early 2022 in HCMC and provinces such as Binh Duong and Long An, DKRA Vietnam’s latest report said. According to Savills …

Hanoi authorities are set to fine a coffee shop on Train Street for opening its doors and doing business despite an indefinite closure order. Pham Tuan Long, chairman of Hoan Kiem District where the street is situated, said local authorities had put up barriers near Toa café where players from …

The Ministry of Industry and Trade is drafting a decree on rice trade to limit the import of low-quality grain. The volume of low-grade rice imported from India has surged due to low prices and zero import tax under the ASEAN-India Free Trade Area, potentially affecting Vietnam’s own rice production …

Cooking gas prices rose on Thursday in Ho Chi Minh City and other southern localities, with a 12-liter cylinder now costing VND438,000 (US$17.78), 3.06% higher than before. This is the second increase since November after prices fell for six months in a row from May. Global rates have gone up …

The U.S. dollar plunged against the Vietnamese dong Thursday to a near six-week low at Vietcombank. The state-owned lender sold it at VND24,680 at 10 a.m., down 0.48% from Wednesday to the lowest since October 22. DongABank let the dollar slide by 0.44% to VND24,700. Eximbank sold it at VND24,670, …

The target of creating a better credit environment for SMEs is KBank’s strategy upon entering the Vietnamese market.     KBank Thailand expands into international market amid inflation time KBank Thailand expands into international market amid inflation time

FPT Telecom International partnered with ViewQwest on Nov. 30 to elevate their capabilities in providing ICT and digital transformation (DX) services in Asia-Pacific, especially for large regional retailers. Known as one of the leading providers of telecommunications services and technology solutions in Vietnam, FPT Telecom International (FTI) has formed a …

Conglomerate Masan Group has received a syndicated loan of US$600 million at 6.7% interest from international financial institutions. The five-year loan was arranged by BNP Paribas, Credit Suisse, HSBC, and Standard Chartered Bank from a consortium of 37 financial institutions. Masan said improved business results in the consumer and retail …

Accor has expanded its portfolio in Southeast Asia with the signing of Grand Mercure Hotel in partnership with Meyland in Phu Quoc, Vietnam. The premium hotel will feature 200 keys, offering extensive leisure and convention facilities with a bold and multi-sensory design for an immersive guest experience. Grand Mercure Phu …

The trade surplus was US$0.78 billion in November, which took the figure for the year to date to $10.6 billion, the General Statistics Office said Tuesday. The surplus in the same period last year was $0.6 billion. But exports fell in November by 8.4% to $29.18 billion, which took the …