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Foreign developers are flocking to Binh Duong Province next to HCMC to invest in the affordable housing segment as it has ample lands and competitive costs. Affordable housing refers to properties priced at around VND40 million (US$1,580) per square meter in HCMC and VND25-35 million per square meter in nearby …

Conglomerate Masan Group posted VND946 billion ($38 million) post-tax profit in the second quarter, up 2.2 times year-on-year. The jump in profits was driven by improvements across its main businesses and a reduction in debts, it said in a press release. Its revenues rose 8.2% to VND20.1 trillion, with key …

Prosecutors have sought a prison sentence of 24-26 years for FLC chairman Trinh Van Quyet for appropriating money through fraud and stock manipulation. They recommended 19-20 years for the former charge and 5-6 years for the latter at the People’s Court of Hanoi Friday. They wanted the court to put …