Sunday , November 24 2024

Business

Business

Property sector faces years of challenges ahead

Property sector faces years of challenges ahead

Challenges in the property market are set to last until 2024 as capital shortage, low liquidity and slower global economic growth cast a shadow over the industry. The global economy is negatively impacting Vietnam, and domestically many policy updates on investment and operating in the property sector are delayed, said …

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VN-Index hits another bottom

VN-Index hits another bottom

Vietnam’s benchmark VN-Index dropped 1.41% to 941.04 points Monday, another bottom this year, but with foreign investors net buying for the sixth straight session. The index closed 13.49 points lower after gaining 7.29 points on Friday. It has dropped 37% since earlier this year. Trading on the Ho Chi Minh …

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Vietnam key investment destination: German Chancellor

Vietnam key investment destination: German Chancellor

Vietnam remains a key investment destination for German and European companies and many are seeking opportunities there, German Chancellor Olaf Scholz has said. Speaking at the Vietnam – Germany Business Roundtable on Sunday evening he said the world economy would only succeed when each country takes advantage of its capabilities …

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Pawnshop chain F88 borrows $60 mln from global funds

Pawnshop chain F88 borrows $60 mln from global funds

Pawnshop chain F88 has managed to raise loans worth US$60 million from two international financial institutions to fund its expansion. It has borrowed $50 million from CLSA Capital Partners (HK) Limited (Lending Ark) through Lending Ark Asia Secured Private Debt Funds and $10 million from the UK’s Lendable. Phung Anh …

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All-inclusive cruise to explore Ha Long Bay

Boasting elegant cabins and the art of refined 5-star services, Paradise Sails and Paradise Peak will take you on a voyage of discovery across the majestic Ha Long Bay. According to Paradise Vietnam’s representative, the boutique Paradise Sails and Paradise Peak cruise ships have pioneered high-class entertainment at the heritage …

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HAGL reports highest profits in 8 years

HAGL reports highest profits in 8 years

Agricultural firm Hoang Anh Gia Lai reported a net profit of VND1 trillion (US$40.3 million) for the first 10 months of the year, its highest since 2014. Its revenues topped VND3.65 trillion, and came mostly from fruits (VND1.9 trillion) and animal husbandry (VND1.1 trillion). For the full year it eyes …

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MacBook Air M1 prices up by over $40 in Vietnam

MacBook Air M1 prices up by over $40 in Vietnam

Apple authorized resellers in Vietnam have increased the prices of MacBook Air M1 by over VND1 million (more than $40.3) against late July when promotion campaigns were on. In late July, the laptop’s selling prices were VND21.7-23 million, lower than the list price in the U.S. market. Now, the selling …

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Order plunge sees factories strive to retain workers

Order plunge sees factories strive to retain workers

Factories aim to retain their employees by offering them early bonuses, food, and a possible salary increase. For the last several months, nearly 1,000 staff at garment company D.G. in Thu Duc City have been working four days a week and resting the remaining three as foreign orders drop. They …

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Credit crunch putting the squeeze on businesses: government committee

Credit crunch putting the squeeze on businesses: government committee

Vietnamese businesses, especially in the private sector, are finding it difficult to maintain operations without access to much needed capital, says the government’s Private Sector Development Committee. Businesses say they are constrained by the capital shortage in maintaining production, making purchases and preparing materials for next year’s production. This also …

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