Business

Hanoi apartment rents increased by 8-16% in the third quarter, according to realty website Batdongsan. Demand increased by 13% from the previous quarter, and rents rose by 8-10% in and near the downtown area such as Hoan Kiem and Hai Ba Trung districts while a little further away, in districts …

FPT, Vietnam’s leading IT services provider, has become a strategic shareholder of LTS Inc, a Japanese business consultancy. But they did not disclose how much stake FPT acquired or the price. The investment is expected to help the Vietnamese giant strengthen its consulting capabilities in Japan industry and target more …

Hang Xanh Motors Service Joint Stock Company, a major Mercedes-Benz car dealer, reported pre-tax profits of more than VND240 billion (US$10 million) in the first nine months, exceeding its full-year target. Consolidated revenues were up 50 percent year-on-year at VND5.17 trillion. In the third quarter they rose 2.7 times to …

Hanoi-HCMC is the world’s fourth busiest domestic air route, according to OAG, a British provider of digital flight information, intelligence and analytics. Between Oct. 2021 and Sept. 2022, over 8.5 million flew on the route. Jeju-Seoul topped with more than 16 million passengers, Sapporo New Chitose Apt-Tokyo followed with 10 …

The Vietnam National Chemical Group (Vinachem) has earned its biggest-ever profit of the first nine months of a year, nearly trebling the annual target at VND5.4 trillion ($229.8 million). Vinachem said it earned gross revenues of nearly VND16 trillion in the third quarter of this year, up 28% year-on-year. Gross …

National flag carrier Vietnam Airlines canceled five flights Friday over impacts of the Son Ca storm that’s likely to trigger heavy rain in central Thua Thien Hue Province. A Vietnam Airlines representative said that of the five canceled flights, three were between HCMC and Hue and two between Hanoi and …

Several business leaders and their family members are spending big bucks to purchase millions more of their own company shares amid a bear market, seeking to profit more when it recovers. Bui Cao Nhat Quan, son of NovaGroup chairman Bui Thanh Nhon, has registered to purchase two million NVL shares …

Vietnamese second-hand startup Piktina has raised $1 million in a seeding round from venture fund Touchstone Partners. The company, which launched its app in June this year to help connect young people in trading used clothes, is set to use the money to develop new products and increase its number …

The U.S. dollar continues to climb to a new peak against the Vietnamese dong Friday as the State Bank of Vietnam pushes up its reference rate. Vietcombank set the exchange rate at VND24,230 Friday afternoon, up 0.12% from Thursday. The rate has gone up 5.72% since the beginning of the …

Vietnam’s benchmark VN-Index rose 1.03% to 1,061.85 points Friday, its third rising session in a row after recent plunges. The index closed 10.9 points higher after gaining 16.2 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 62.7% to VND14.48 trillion ($599.58 million). The VN-30 …