Business

Several worrying factors, including declining sales and shortage of supply, are plaguing Vietnam’s property market, which could cause instability, experts say. Starting from the last quarter, the number of transactions has been declining as both buyers and property developers struggle to access loans, Le Hoang Chau, chairman of Ho Chi …

VnExpress news site specialized in the blockchain sector will run the latest market news, and equip readers with more knowledge, experience, and appropriate orientation when participating in blockchain investment. The Blockchain site will play the role of providing knowledge and updates on blockchain-related activities in the domestic and international markets. …

Insurance and financial brokerage app Mfast has raised US$2.5 million from several investors to take its total so far to $4 million. The company said the investing consortium comprised Ascend Vietnam Venture, Wavemaker Partners, Do Ventures, and JAFCO Asia. The app connects insurance and financial institutions with a network of …

Power output in the northern region topped 22,800 megawatts at noon on Monday, 9 percent higher than last year’s peak, amid an ongoing heatwave. Hanoi and 14 provinces in the northern and central regions have been recording temperatures of up to 38 degrees Celsius (100 degrees Fahrenheit), and the heatwave …

SJC’s gold price plunged by 3.1 percent to VND62.5 million (US$2,667.18) per tael Tuesday, the lowest in eight months, after recording a historic decrease Monday. The drop was the second biggest single-day decline for the safe haven metal after the 6 percent fall Monday. A tael equals 37.5 grams or …

Tuna exports in the first six months were worth US$553 million, a 56 percent rise year-on-year, according to data from the Vietnam Association of Seafood Exporters and Producers. Exports to the U.S. all but doubled thanks to higher demand, especially for canned tuna. Exports to members of the Comprehensive and …

Grab Vietnam posted a loss of VND300.5 billion ($12.82 million) last year, with surging expenses on promotions and advertising amid intensifying competition. The company saw revenue decline by 11 percent from 2020 to VND3.35 trillion, according to its financial report. It spent VND1.62 trillion on promotions, up 22 percent, and …

Grab Vietnam posted a loss of VND300.5 billion ($12.82 million) last year, with surging expenses on promotions and advertising amid intensifying competition. The company saw revenue decline by 11 percent from 2020 to VND3.35 trillion, according to its financial report. It spent VND1.62 trillion on promotions, up 22 percent, and …

Vietnam’s gold prices saw one of the deepest daily plunges in their history, going down by VND4 million ($170) a tael Monday. The Saigon Jewelry Company (SJC) sold its gold at VND64 million Monday afternoon, down almost 6 percent from the weekend. A tael equals 37.5 grams or 1.2 ounces. …

Industrial land rents in the south rose to new peaks last quarter, reaching US$290 per square meter in Long An Province and US$270 in Ho Chi Minh City. In Binh Duong, Ba Ria –Vung Tau and Dong Nai provinces they rose to three-month highs of $110, $180 and $195, property …