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Coffee prices soar on low supply, strong demand
Coffee bean prices shot up by 8.96% in early March to VND91,200 (US$3.70) per kilogram as supply runs low.
Foreign investors dominate Vietnam M&A market
Foreign money has been the main driving force behind large mergers and acquisitions this year.
February automobile sales see biggest fall in three years
Vietnam’s automobile sales in February plummeted 50% year-on-year to 11,633 automobiles, the biggest drop in three years.
March 13, 2024 | 11:10 pm PT
House prices average nearly 24 times annual household income
The average house price in Vietnam is 23.75 times the annual household income, up from last year’s 23.5, according to Serbia-based statistics site Numbeo.
March 10, 2024 | 07:50 pm PT
Processed vegetable, fruit exports boom as China, South Korea, US step up imports
Exports of processed vegetables and fruits have risen sharply this year with China, South Korea and the U.S. importing more of them than in the same period last year.
March 9, 2024 | 05:00 pm PT
FDI attraction up 38.6% in two months
Vietnam attracted $4.29 billion in foreign direct investment (FDI) in the first two months of 2024, a year-on-year surge of 38.6%.
March 7, 2024 | 02:20 am PT
Vietnam subsidiaries contribute 33% to Samsung profit
Samsung's four factories in Vietnam contributed 33% to the South Korean tech giant's $11.8 billion profit in 2023.
February 23, 2024 | 04:58 am PT
Vietnam lags behind Philippines, Indonesia in labor productivity
Vietnam’s per-hour labor productivity is among the lowest in Asia despite recording strong growth over 10 years, a report has found.
February 16, 2024 | 02:30 am PT
Five banks score $1B profit in 2023
Five lenders, comprising four state-owned and one private bank, posted profits of over $1 billion last year.
February 10, 2024 | 08:30 pm PT
Vingroup revenue jumps 59% in 2023
Vingroup's revenue surged by 59% in 2023 to reach VND161 trillion ($6.59 billion), driven by property and electric car sales.
January 31, 2024 | 03:00 am PT
Long Chau pharmacy chain revenues rise by 66%
Pharmacy chain Long Chau reported a 66% jump in sales to VND16 trillion last year ($652.79 million), accounting for half of parent company FPT Retail’s total revenues.
January 29, 2024 | 08:34 pm PT
Jewelry chain PNJ posts record-high profit
Phu Nhuan Jewelry notched a post-tax profit of VND1.97 trillion (US$80.21 million) last year, a new peak in its 35 years of operation.
January 23, 2024 | 07:20 pm PT
Most businesses battle to endure through 2023: survey
Approximately 70% of businesses viewed the economy as “negative” or “very negative” in the past year, despite government support initiatives.
January 15, 2024 | 11:16 pm PT
HSBC pegs Vietnam’s growth at 6% in 2024
Vietnam’s GDP is on a firm recovery track and growth can reach 6% this year, according to lender HSBC.
January 11, 2024 | 11:30 pm PT
Bank deposits reach new record
Bank deposits reached a new historic record of VND13.5 quadrillion (US$554.53 billion) by the end of 2023, up 14% from the previous year.
January 9, 2024 | 03:12 pm PT
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