Business

Fuel retailers said they are suffering losses after their commissions were adjusted downward, and to nearly zero in some cases. Citing data from fuel suppliers, the Thanh Nien newspaper has reported that the commission has been cut to VND0-500 per liter (0-2.1 U.S. cents), with distributors saying commissions of VND600-1,200 …

Druce, a London real estate agent with 200 years of experience, will help Masterise Homes expand its global distribution network. Masterise Group has announced a strategic cooperation with Druce, a real estate agent with focus on prime residential property and new developments globally. Founded in 1822 in UK., Druce has …

Vietnam will soon lose its cheap labor advantage because its population is aging and labor costs are rising, according to a report by the Japan International Cooperation Agency (JICA). The country had 70% of its population of legal working age (15-64) in 2015, but the ratio is set to fall …

Vietnam’s rice exports are expected to rise to 6.3 million-6.5 million tonnes this year from 6.24 million tonnes last year on strong demand, the chairman of the country’s food association said on Tuesday. “So far this year, exports have risen strongly, and we expect to see the momentum continue for …

Businesses in Vietnam spent some US$2 billion on outsourcing services last year, 10% less than in Indonesia but 25% more than in Malaysia. Outsourcing refers to a company hiring a third party to perform certain tasks or handle operations for it. John Antos, vice president in charge of strategy, Asia …

Phu My Hung The Horizon luxury apartment complex was introduced to more than 250 customers on the evening of Aug. 28. Phu My Hung Development Co., Ltd. has introduced its luxury apartment range at Tran Van Tra Street, Tan Phu Ward, District 7, Ho Chi Minh City following the success …

Vingroup had debts of nearly VND400 trillion ($17.08 billion) as of June, with a debt-to-asset ratio lower than the property sector’s average. The group said in its latest earnings report that 41.97% of its debt was owed to banks, credit organizations and bonds. More than a third of the sum …

Gas stations in several southern localities have run out of supplies of petrol, diesel and other fuels and have stopped doing business. In Tinh Bien District, An Giang Province, six gas stations that get their supplies from Ho Chi Minh City-based Dai Dong Duong Petroleum JSC have stopped selling since …

Vietnam’s benchmark VN-Index rose 0.68% to 1,279.39 points Tuesday with trading lowest since August 15. It closed 8.59 points higher after losing in two previous sessions. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell 32.71% to VND13.84 trillion ($590.9 million). The VN-30 basket, comprising the 30 largest capped …

Seedcom Joint Stock Company, owner of The Coffee House and delivery company AhaMove, reported a loss of VND287 billion (US$11.96 million) for the first half, a 11% rise year-on-year. Seedcom CEO Nguyen Hoanh Tien told VnExpress that the losses stemmed from two reasons, the first being the intensified investment and …