Business

With fewer orders, many wood businesses have decided to give their employees a month-long Tet (Lunar New Year) holiday, twice as long as in previous years. Without sufficient orders to keep production going at normal levels, the Lee Fu Wood Company at the Tam Phuoc Industrial Park in Dong Nai …

The sale of land used to build houses or villas in HCMC and neighboring provinces fell 50-60% in Q3 over Q2, due to low cash flows and market sentiment. Nguyen, a land broker in HCMC’s Nha Be and Binh Chanh rural districts, said he made no successful transaction in the …

Electronic retailers have hiked iPhone prices by around VND1 million (around $40) as the U.S. dollar strengthens against the Vietnamese dong. The prices of iPhone 11 has increased from VND10.7 million last week to VND11.3-11.7 million this week, that of iPhone 13 from VND18.5 million to VND19.1-19.3 million, and iPhone …

The Ministry of Industry and Trade would propose to half the gap between gasoline price adjustments from 10 to five days to address price fluctuations, minister Nguyen Hong Dien said. Currently, Vietnamese authorities typically adjust fuel retail prices every 10 days, based on the average prices of the previous 10 …

The net worth of steelmaker Hoa Phat Group chairman Tran Dinh Long has plunged 62.5% in the last six months, making him the seventh richest Vietnamese person, down from second. Long’s net worth is now at $1.2 billion, compared to $3.2 billion in April, according to Forbes data. He is …

Copenhagen Offshore Partners (COP) has unveiled its latest office in Hanoi, to support increased staff levels in Vietnam. The formal opening of their new office was held on Oct. 31 in Hanoi, and witnessed by His Royal Highness Crown Prince Frederik of Denmark and representatives from the Danish Embassy to …

Many people have reported losing billions of dong (tens of thousands of dollar), falling prey to fraudsters pretending to be network operator personnel calling to offer a SIM upgrade. Earlier this year, Nguyen Thi Ha Thu in Ho Chi Minh City lost VND2.1 billion ($84,427) after an individual, who claimed …

The net worth of steelmaker Hoa Phat Group chairman Tran Dinh Long has plunged 62.5% in the last six months, making him the seventh richest Vietnamese person, down from second. Long’s net worth is now at $1.2 billion, compared to $3.2 billion in April, according to Forbes data. He is …

Dielac powdered milk has changed the habit of Vietnamese consumers who used to prefer foreign goods by well addressing the nutritional needs of children. Nguyen Quang Tri, Vinamilk’s executive director of marketing, brought the success story of Dielac powdered milk to the 6th Global Dairy Congress Asia 2022, taking place …

A new café atop a mountain in Sa Pa, the famous northern tourist town, has become an attraction though it only serves a single type of coffee and snack. When she visited the mountain town in the middle of October, Minh Minh of Hanoi was awed by the stunning scenery …