M Village, an accommodation startup in co-living spaces, has received funding of US$1.7 million led by Singaporean venture fund Simple Tech Investment. The money will be used for expanding the number of rooms the startup has in Ho Chi Minh City from the current 300 to 1,000 this year. Its …
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Real estate developer FLC has been fined VND495 million ($21,650) for violating information disclosure laws two months after its chairman Trinh Van Quyet received a similar fine. The State Securities Commission imposed the fine for filing incorrect financial information for 2020 and the first half of 2021. The company also …
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Dairy giant Vinamilk is struggling to claim a bigger share of the market as its growth potential diminishes in the face of stiff competition from fast growing rivals. Since achieving a new peak in 2018, the company’s ticker VNM has dropped by nearly 41 percent to around VND76,000 ($3.32), and …
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A subscriber uses Mobile Money via their smartphone. Photo kinhtedothi.vn HÀ NỘI — Mobile money (MM) has not gained much popularity in the country among mobile phone users due to several shortcomings. Nguyễn Sơn Hải, deputy general director of VNPT Media Corp., underlined MM’s monthly transaction limits of VNĐ10 million (US$437) as …
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Tourism dependent businesses and workers in Hoi An are eager to welcome tourists back and recharge careers that have been dormant for two years. Hotels, restaurants and other tourist facilities in the ancient town have been renovating their facilities. The town has shown signs of regaining its pre-pandemic bustle. When …
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A client puts money into his deposit account. Photo vietnamnet.vn HÀ NỘI — Total liquidity in the banking system reached about VNĐ13.7 quadrillion (US$601 billion) in January, increasing by 2.59 per cent against the end of 2021, according to the State Bank of Vietnam. Of which, saving deposits made up VNĐ5.4 …
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Blockchain application in Việt Nam is still limited. — Photo vneconomy.vn HÀ NỘI — The blockchain community in Việt Nam has grown strongly in the past five years. However, its application is still limited, according to Nguyễn Mạnh Cường, deputy director of the Ministry of Science and Technology’s Agency in the Southern Region. …
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The digital economy accounted for around 15 percent of Ho Chi Minh City’s gross domestic product, or VND191.8 trillion (US$8.27 billion) last year, according to a study. The ratio of e-commerce was estimated at 13.71-15.72 percent, said the study,released by the HCMC Institute for Development Studies Friday. The study is …
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Instant noodles on supermarket shelves. — Photo vietnamnet.vn HÀ NỘI — Manufacturers have raised the prices of a series of food items due to pressure from the skyrocketing cost of gasoline and input materials. Rice, sugar, fish sauce, cooking oil, and instant noodle manufacturers have all announced increased prices. The price of instant …
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Delivery drivers wait for food delivery at a restaurant in Ha Noi. VNA/VnExpress News Photo Thanh Dat HÀ NỘI – Việt Nam’s ride-hailing industry revenues could reach US$4 billion by 2025, while the industry has witnessed high demand and new entrants. The issues were discussed at a recent seminar, “Competitive solution for …
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