Business

Canceling land lot purchases after bidding record prices is a market distorting practice, experts say. Tan Hoang Minh, which successfully bid last month to buy a land lot in HCMC’s Thu Thiem Peninsular at VND24.5 trillion ($1.08 billion), said in a January 1 letter to sent to Vietnamese leaders including …

After adding 3,420 megawatts of power capacity last year, Vietnam now leads Southeast Asia with 76,620 MW. It represented a 9.8 percent increase in capacity, CEO of national utility Vietnam Electricity (EVN), Tran Dinh Nhan, said at a forum Friday. He however expressed concern that 27 percent of it is …

Investors watching the market’s movements. Photo VNA/VnExpress News Photo HÀ NỘI — In December 2021, the market benchmark VN-Index could have surpassed 1,498 points if it were not affected by the holiday, Dragon Capital said in a recent report. Small- and mid-cap stocks have recently risen quite strongly. But the …

A draft government decree reduces value-added tax on many products and services from the current 10 percent to 8 percent from Feb. 1. The decree on tax reduction to foster economic recovery approved by the National Assembly will also make expenses on pandemic prevention deductible. The VAT cut will lead …

  Việt Nam’s pangasius export turnover for 2021 was estimated at $1.54 billion, up 3 per cent year on year. Photo vov.vn HÀ NỘI — Việt Nam’s pangasius (tra fish) export turnover is forecast to reach US$1.7 billion this year, up 13 per cent year on year, according to the …

  A production line of a private firm in HCM City. The average total operating cost for a manufacturing company in Việt Nam ranges from US$79,280 to $209,087 per month. Photo tapchicongthuong.vn HÀ NỘI — Việt Nam has the third lowest operating costs among nine countries in Asia, just behind Cambodia and …

  SeABank offers more than 181.3 million shares to its existing shareholders to raise its charter capital to $731 million. Photo tinnhanhchungkhoan.vn Hà Nội — Southeast Asia Commercial Joint Stock Bank (SeABank) has received approval for its public offering of over 181.3 million shares to existing shareholders at a price …

  Some Huyndai car models. Members of the Vietnam Automobile Manufacturers Association sold 304,149 cars in 2021. — VNA/VnExpress News Photo HÀ NỘI — The Vietnamese automobile market has continued to rebound, gaining slight growth in 2021, data from manufacturers showed. The Việt Nam Automobile Manufacturers Association (VAMA) reported its members sold 304,149 cars in 2021, rising …

  Land prices in HCM City are increasing sharply, and this would have consequences on housing, experts warn. Photo vov.vn HCM CITY – Land prices in HCM City are rising sharply, and experts warn this can have negative consequences on public works and housing supply. Trần Văn Châu, chairman of …

Paying for orders on an e-commerce site by e-wallet Momo. — VnExpress News Photo Đoàn Tùng HÀ NỘI — It is time for businesses to think big, think differently, and make bold decisions. Deputy Minister of Foreign Affairs Nguyễn Minh Vũ spoke at the opening ceremony of the 14th Annual Việt Nam …