Business

A shortage of office space in HCMC is driving rents up to pre-Covid levels and vacancy rates down. Grade A rents rose by 5.2 percent year-on-year in the second quarter to US$57.71 per square meter, or 2020 rates, according to property consultancy Knight Frank. There has been no new supply …

In Thu Duc City in HCMC, electronics manufacturer Datalogic Vietnam is paying dozens of times the usual price for inputs and parts to ensure production remains on schedule. The sellers are speculators who bought them when their prices were still low and are now selling for a large profit, CEO …

VinShop is expected to soon become a successful store connection platform in Vietnam, with a business strategy similar to Tokopedia in Indonesia. Tokopedia’s success lesson Founded in 2009, Tokopedia is one of Indonesia’s tech unicorns. According to CB Insights (U.S.), Tokopedia’s value reached $7 billion as of June 2020, becoming …

Vietnamese people are expecting good money from cryptocurrency Pi following developer’s promise of a mainnet launch on June 28. The system is making steady progress towards transiting to launch by around Pi2 Day – June 28, the development team announced on the Pi Network app last Tuesday. Since Monday night, …

Vietnam’s benchmark VN-Index dropped 1.68 percent to 1,197.6 points Thursday, the largest fall in eight sessions, with most blue chips ending in the red. The market moved sideways for most of the morning but strong selling pressure in the afternoon dragged it down by 20.49 points. Trading on the Ho …

The HCMC economy grew by 5.73 percent in the second quarter to take growth in the first six months to 3.82 percent, authorities said. It had contracted last year. The economy has “recovered quickly, uniformly and quite comprehensively,” city Party secretary Nguyen Van Nen said. People’s Council chairwoman Nguyen Thi …

Real estate developer Tan Hoang Minh is set to shut down its offices across the country to focus on repaying investors after authorities canceled its bond issuances and arrested top leaders. Only its Hanoi headquarters would remain operating starting July 1 to reduce expenses to the minimum, said Deputy CEO …

The stock settlement cycle is likely to be shortened by four hours, allowing investors to receive their shares on the second morning after buying them. Currently they receive them at 3:30-4 p.m. on the second day (T+2), meaning they have to wait until the next morning to sell it. Trading …

In the two years he has been investing in stocks Quoc Dung of Hanoi has opened four trading accounts, but only uses one of them. “I opened the other three accounts because registration is easy and more brokerages mean I get to receive more regular investment advice,” the 30-year-old office …

Pham Van Tam, founder of electronics firm Asanzo, shared the ups and downs of his career and his post-crisis innovation strategy in a 40-minute conversation with The Next Power.     ‘I thought I was out of time’: Vietnamese electronics businessman ‘I thought I was out of time’ – Vietnamese …