Business

Sales of the iPhone 11 in Vietnam skyrocketed last week while that of mid-range Android devices fell by 10-30 percent. In late June the price of the iPhone was adjusted down to VND10.4 million ($445.5) to directly compete with the latest Android phones like Oppo Reno 7, Samsung Galaxy A73 …

Vietnamese families have been consuming less pork in recent months as prices increased, switching to other sources of protein like chicken and eggs. Ngoc Thao from HCMC, 32, said that one kilogram of bacon now costs between VND150,000-180,000 ($6.43-7.72), depending on whether it is purchased at a traditional wet market …

State-owned Vietnam Education Publishing House experienced its most profitable year in 2021, earning VND287 billion ($12.3 million) in after-tax profit. The profit was 2.5 times higher than the target set by the Ministry of Education and Training and the highest earnings in the publisher’s history. In previous years, the publisher’s …

Real estate company FLC Group elected Le Ba Nguyen as its new chairman for until 2026 at an extraordinary shareholders’ meeting on Saturday. Shareholders voted for him to replace Dang Tat Thang, who was appointed in March after his predecessor Trinh Van Quyet was arrested for allegedly manipulating the stock …

Samsung Engineering has acquired a 24 percent stake in water treatment company Dong Nai Plastic Water for 52.7 billion Korean won (US$40.57 million). The ceremony to sign the deal was held at the Intercontinental Landmark Hotel in Hanoi, and attended by executives from both companies, including Samsung Engineering Executive vice …

Vietnamese-American Le Anh Tuan has been accused of stealing $2.6 million from investors through a non-fungible token scheme. He was allegedly involved in the Baller Ape Club, a project that purportedly sold NFTs in the form of various cartoon figures, often including the figure of an ape, the Department of …

FLC is seeking to buy back its former headquarter building in Hanoi’s Cau Giay District from Orient Commercial Bank, which seized it after the developer defaulted on its loan. The price would be determined by an independent valuation company, the company said. FLC built the 38-floor building in 2019 at …

Many property developers are slowing down their activities due to lack of access to credit, legal challenges and falling demand. During the second half of this year Quoc Cuong Gia Lai would slow down investment and wait for property policies to be streamlined, CEO Nguyen Thi Nhu Loan told shareholders …

Vietnam’s gasoline prices dropped by 0.3-1.3 percent Friday, the first drop after seven consecutive upward adjustments since April 12. The price of popular gasoline RON 95 decreased by VND110 to VND32,760 per liter, while that of biofuel E5 RON 92 fell VND410 to VND30,890 ($1 = VND23,280). The prices of …

Vietnam’s gasoline prices dropped by 0.3-1.3 percent Friday, the first drop after seven consecutive upward adjustments since April 12. The price of popular gasoline RON 95 decreased by VND110 to VND32,760 per liter, while that of biofuel E5 RON 92 fell VND410 to VND 30,890 ($1 = VND23,280). The prices …