Business

The number of applications for real estate broker licenses has been surging in the south this year amid a tightening of regulations to better regulate a booming market. Real estate training facility Mogin Institute in HCMC’s District 1 took in 150 students in March, triple the number in January. All …

  Passengers board a Vietnam Airlines jet. The airline’s loss has contributed to the contraction of SCIC’s consolidated profit in 2021. Photo nld.com.vn HÀ NỘI — The State Capital Investment Corporation (SCIC) has recently published its financial report for 2021, announcing consolidated revenue of around VNĐ10.1 trillion (US$438 million), 50 …

Cryptominers are powering down operations, even selling equipment, as cryptocurrency prices continue to plummet. Nguyen Binh, a cryptominer in the southern Dong Nai Province, said his rigs can mine almost one Ethereum (around $2,000) a month, but hardly breaks even. “Electricity bills have taken away half of what I earned. …

  Facilities of PetroVietnam Gas JSC (GAS). GAS increased by 4.5 per cent last week. — Photo pvgas.com.vn HÀ NỘI — Although the rally in recent sessions was quite positive, with the temporary cautious state of cash flow, it is likely that the market will need a step back to …

The government has deferred the special consumption tax payable by carmakers. Payment of the tax for June-September has been put off until November 20 following a proposal made by the Ministry of Finance earlier this month. The ministry said last year auto manufacturers saw sales plunge due to social distancing …

  Customers at a bank in Hà Nội. The small gap between deposit and lending rates will cause the banks’ net interest margin (NIM) and net profit to reduce. Photo baochinhphu.vn HÀ NỘI — Though credit demand is recovering quickly, banks still have to face big challenges related to rising bad debts, …

VEPR organises a conference on the Việt Nam Annual Economic Report 2022 in Hà Nội on Friday. — Photo baodautu.vn HÀ NỘI — The third quarter will be the most stressful period for inflation, said Trần Toàn Thắng, head of the National Centre for Socio-Economic Information and Forecast, at a conference on …

  HCM City Chairman Phan Văn Mãi (second from left) speaks with representatives of businesses on the sidelines of a conference between city leaders and foreign investors last Friday. — VNA/VNS Photo HCM CITY — Rising labour and production costs have prompted some relocation but HCM City remains an appealing investment destination …

  Long Xuyên City in An Giang Province. — Photo media.angiang.gov.vn AN GIANG — The Mekong Delta Province of An Giang has set a target of attracting 15 projects with a combined investment capital of over VNĐ20 trillion (above US$858 million) by year-end, according to its investment promotion programme in 2022. These projects …

  An employee passes electronic boards showing share prices inside Hồ Chí Minh Stock Exchange in HCM City. — VNA/VNS Photo Hữu Khoa HÀ NỘI — An upgrade to emerging status will not only help the stock market develop quickly, transparently and sustainably, but also attract huge foreign capital inflows, said …