Business

Vietnam has imposed an anti-dumping and anti-circumvention levy on Thai sugar imported via 5 ASEAN nations. The final verdict was made Monday, and the duty of 47.64 percent will become effective between Aug. 9 and June 15, 2026. The probe was launched last September after local firms reported sugar products …

Leading property developers have called on the government to fast-track approvals and ease restrictions that are stymieing the industry’s growth. The approval process is taking at least 600 days and that should be cut to 90-120 days, Vinhomes chairman Pham Thieu Hoa said at a conference on social housing development …

Vietnam’s benchmark VN-Index Tuesday rose 0.83 percent to 1,241.62 points, the highest since mid-June, with trading also the highest in six weeks. The index closed 10.27 points up after gaining 25 points Monday. Trading on the Ho Chi Minh Stock Exchange rose 4.27 percent to VND16.89 trillion ($723.2 million), the …

WTC Binh Duong New City Expo will provide international one-stop MICE (meetings, incentives, conferences and exhibitions) services as Vietnam’s first World Trade Center. WTC Binh Duong New City Expo (WTC Expo), to be launched on Aug. 8, is a promising new facility within the MICE community in Southeast Asia and …

Petrolimex reported losses of nearly VND141 billion ($6.04 million) for the second quarter despite surging fuel prices. Vietnam’s biggest fuel distributor said it was forced to increase imports to offset the reduced capacity of the Nghi Son Refinery, which partly accounted the losses. Besides, it had to make a provision …

Canadian pop/rock country band The Moffatts plans to shoot a song each in Ha Long, Phu Quoc, Da Nang, and Sa Pa to promote them. The four members of the band will arrive in Hanoi to perform at the HAY Glamping Music Festival on August 6. They are expected to …

Canadian pop/rock country band The Moffatts plans to shoot a song each in Ha Long, Phu Quoc, Da Nang, and Sa Pa to promote them. The four members of the band will arrive in Hanoi to perform at the HAY Glamping Music Festival on August 6. They are expected to …

Vinamilk reported a 26-percent year-on-year fall in second-quarter profits to VND2.1 trillion (US$89.97 million), and blamed it on inflation driving demand down and costs up. The dairy giant’s revenues fell by 5 percent to VND14.93 trillion. In the first five months sales of fast moving consumer goods fell by 2 …

Leading construction company Coteccons reported a loss of VND24 billion ($10.36 million) for the second quarter after making a bad-debts provision of VND242 billion. Its revenues were VND3.28 billion, up 29 percent year-on-year, and gross profits were VND215 billion, up 60 percent. But net profits tumbled by 153 percent as …

Vietnam’s benchmark VN-Index rose 2.07 percent to 1231.35 points Monday, highest since June 16, as investors’ sentiment improved. The index closed 25 points higher after losing nearly 2 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 7.7 percent to VND16.20 trillion ($693.58 million), a …