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Property developers are laying off their employees in droves and are delaying salary payment for some to survive an idle market. Analysts expect difficulties to linger until the end of next year. For the last several weeks Binh in Ho Chi Minh City has been living off unemployment benefits after …

Vietnam Electricity made a loss of VND31.36 trillion (US$1.32 billion) in 2022 as production costs rose but retail tariffs remained unchanged. The loss is equivalent to 80% of the estimated profits made by all other state-owned enterprises this year, according to a report by the Commission for Management of State …

Eleven women, one as young as 14, who were forced into sex work by a husband-wife business couple, were rescued by the police in HCMC’s District 12. The police raided a hotel owned by Le Thanh Doan, 36, and Le Thi Hue, 32, where they found the girls being guarded …