Business

100 public projects in HCMC, including a children’s hospital and a medical infrastructure complex, have received no funds Jan-July due to delays in compensation and land valuation. Another 12 projects had a disbursement ratio of below 10 percent, Le Truong Hai Hieu, head of the economic-budget committee of the HCMC …

Ho Chi Minh City has been chosen as the venue for a gala ceremony of the World Travel Awards for Asia and Oceania region scheduled for September. The ceremony where the winners of different categories will be revealed will take place at Gem Center in District 1 on Sep. 7. …

South Korea has sent the highest number of visitors to Vietnam after the country reopened its borders in what is deemed a boost for hotspots heavily reliant on Chinese tourists. In the first seven months this year, Vietnam received over 196,000 South Korean tourists, accounting for 20 percent of total …

Investors are concerned that HCMC property prices would decline during the rest of the year amid banks’ credit tightening and lack of supportive information to prop up the market. Over the last few months Nhien has been selling out his VND23-billion (US$984,000) portfolio comprising houses and lands as the market …

There was a trade surplus of US$764 million in the first seven months of the year as exports soared 16.1 percent year-on-year to $216.35 billion. Imports rose by 13.6 percent to $215.59 billion, according to data from the General Statistic Office. In the same period last year Vietnam had run …

Transport companies have not reduced tariffs despite the fall in fuel prices since it takes time for the market to adjust, a deputy minister has said. In response to Prime Minister Pham Minh Chinh’s recent query about why prices of consumer goods and services have not fallen though gasoline prices …

Vietnam’s benchmark VN-Index rose 0.35 percent to 1,254.15 points Thursday in its fourth straight gaining session. The index closed 4.39 points higher after gaining over 43 points in the last four sessions. Trading on the Ho Chi Minh Stock Exchange fell by 3.2 percent to VND17.01 trillion ($726.7 million). The …

THACO Industries has invested in core technology, products and digitalization, aiming to reach the target of $1 billion in revenue by 2025. Billion-dollar strategy While visiting THACO Chu Lai Industrial Zone at the end of March 2022, Prime Minister Pham Minh Chinh assigned THACO three essential tasks, one of them …

Hydropower plants are seeing a jump in profits thanks to the rise in rainfall, but thermal plants are doing poorly due to rising input costs. Hydropower company Song Ba reported a nearly five-fold increase in post-tax profits in the second quarter to VND46.07 billion ($1.97 million) as huge water inflows …

Vietnam exported 4.2 million tons of rice in the first seven months, 20 percent up year-on-year, according to the Ministry of Agriculture and Rural Development. But earnings were only 9 percent higher at US$2 billion since global rice prices have fallen by over 10 percent to $489 a ton. Exports …