Business

Vietnam has cut gasoline prices for the eighth time in the last three months, seeking to contain inflation and boost consumption amid global economic woes. From 3 p.m. Wednesday, RON95 gasoline prices fell 4.21% to VND22,580 ($0.95) per liter. Prices for biofuel E5 RON92 dropped 2.42% to VND21,780. This means …

Vietnam’s benchmark VN-Index dropped 0.69% to 1,210.55 points Wednesday, with trade value plunging to the lowest since July 26. The index closed 8.38 points lower after gaining 13.50 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 12.40 percent to VND9.77 trillion ($412.34 million). The …

State-owned Vietnam Railways Corporation racked up after-tax losses of VND30 billion (nearly $1.3 million) in H1, down from losses of VND100 billion in the same period last year. The corporation said it would suffer after-tax losses of VND570 billion in 2022, compared with losses of VND1.327 trillion in 2020 and …

The Asian Development Bank maintains its 6.5% growth forecast for Vietnam this year despite an expected slowdown in Asia due to global geopolitical tensions. “Vietnam’s economic rebound is expected to continue over the second half of 2022, supported by strong economic fundamentals, flexible monetary policy and a faster- than-expected recovery …

Thailand’s Central Retail Corporation wants to open a shopping mall in the Mekong Delta province of Dong Thap. At a recent meeting between provincial authorities and Olivier Langlet, CEO of Central Retail Vietnam, the former recommended six locations for the mall, according to the province’s electronic information portal. In July, …

The primary market for townhouses and villas in HCMC fell to a year’s low in August, with only four being sold. Real estate service provider DKRA Vietnam said in a note that 66 townhouses and villas were offered for sale during the month In June, 40 were sold while in …

VieON received the Vietnam Technology Excellence Award for digital services in media and entertainment, for the second time in a row. “VieON’s consecutive win is an indication of the company’s technological prowess and readiness to dominate the OTT market in Vietnam and around the region,” a VieON representative said. The …

Gloomy global economy developments could exert inflationary and demand pressure on Vietnam this year. The government needs to address this with timely policies, foreign analysts say. “In terms of Vietnam’s external environment, we see slower external demand, higher inflation and tighter financial conditions,” Francois Painchaud, International Monetary Fund regional resident …

Vietnam’s benchmark VN-Index rebounded 1.12% to 1,218.93 points Tuesday but with trade value dipping to a six-session low. The index closed 13.5 points higher after losing 28.6 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 33% to VND11.16 trillion ($471.34 million), lowest since September …

Transport infrastructure developer Tasco has bought out Groupama Vietnam General Insurance Company from its French owner, Groupama Assurances Mutuelles for an undisclosed sum. It said the deal is an important step in its development strategy to provide personal insurance products for vehicles and their owners. At its annual meeting in …