The number of international tourists going through Vietnamese ports in January-October was just 745, a 49% year-on-year increase, but indicating a sluggish recovery. Last month, French luxury ship Le Laperouse with 106 tourists from France, Italy, Spain and Sweden docked in Con Dao Island, Ho Chi Minh City, Nha Trang, …
Read More »50-70% of beachfront villas, shophouses go unsold in Q3
Vietnam’s beachfront villa and shophouse inventory stood at 50-70% of units offered for sale in the third quarter, according to real estate service provider DKRA Vietnam. The firm’s latest report says only 389 beachfront villas, or below 30% of the total new supply in the third quarter, were sold nationwide. …
Read More »No bids for multi-million dollar FLC yacht
The auction of a luxury yacht belonging to property firm FLC didn’t go through Friday after no one made a bid for it. Auction house Minh Phap announced that a second auction for the yacht will take place on November 21 in HCMC. The yacht, FLC Albatross, was built in …
Read More »Real estate enterprises launch series of financial solutions
Investors can use flexible payment options and leaseback policies with attractive profits at Novaland’s major projects. Novaland has organized an event to announce incentive programs with many financial solutions for investors in major projects like Aqua City, NovaWorld Ho Tram, and NovaWorld Phan Thiet as well as housing projects in …
Read More »Saigon Square vendors shut up shop
A total 90% of vendors at Saigon Square, a popular shopping location in Ho Chi Minh City, have shut up shop after authorities confiscated thousands of counterfeit goods. Only a few fashion and footwear shops were open Friday morning at the mall in District 1 as market authorities continued their …
Read More »Vietnam to tackle false advertising on Facebook, YouTube
Vietnam is set to clamp down on false advertising on social media platforms like Facebook and YouTube, said Minister of Information and Communications Nguyen Manh Hung. The appearance of unwanted ads is very popular on cross-border platforms, and it is difficult for Vietnamese authorities to detect these ads as they …
Read More »VN-Index hits 7-session low
Vietnam’s benchmark VN-Index dropped 2.22% to 997.15 points Friday, lowest since October 26. The index closed 22.66 points lower after losing 3.38 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 64% to VND12.91 trillion ($519.19 million). The VN-30 basket, comprising the 30 largest capped …
Read More »5 companies drop out of billion-dollar market cap list
Five companies have lost their billion-dollar market cap title after their stocks plunged double-digit in October. They are Vietnam Airlines (HVN), SSI Securities Corporation (SSI), Petrovietnam Power Corp (PVN), Vietnam Maritime Bank (MSB) and Power Generation Corp 3 (PGV). MSB was the biggest decliner of the five with 25% of …
Read More »Fertilizer makers posts surging profit as prices climb
Fertilizer producers posted double-digit growth in post-tax profit in the first nine months, exceeding this year’s target, as retail prices went up double-digit. Petrovietnam Fertilizer & Chemicals Corp saw profit tripling year-on-year to VND4.46 trillion ($179.37 million), exceeding its target for the year by 30%. DCM of PetroVietnam Ca Mau …
Read More »Vietnam resumes direct routes from Hanoi, HCMC to Taiwan’s Kaohsiung
Low-cost carrier Vietjet Air has reopened direct routes from Hanoi and Ho Chi Minh City to Kaohsiung, a major tourist hub in Taiwan, after prolonged Covid-led suspension. There would be three weekly flights from HCMC and two from Hanoi, it said in a press release. The carrier also plans to …
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