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Money
Mega property project Saigon Peninsula used for $5.4B loans of Van Thinh Phat chairwoman
Saigon Peninsula, a mega luxury property project in Ho Chi Minh City, was used by Van Thinh Phat chairwoman Truong My Lan and her accomplices as collateral for loans worth VND133.71 trillion (US$5.4 billion).
Prosecutors recommend 'highest sentence' for Van Thinh Phat chairwoman
Prosecutors on Tuesday recommended that Van Thinh Phat chairwoman Truong My Lan be "ostracized from the society forever" and to receive the highest sentence for a decade of stealing from Saigon Commercial Bank.
Coffee prices soar on low supply, strong demand
Coffee bean prices shot up by 8.96% in early March to VND91,200 (US$3.7) per kilogram as supply runs low.
March 18, 2024 | 05:00 pm PT
Over 1,400 defrauded investors seek leniency for Tan Hoang Minh chairman and his son
1,420 investors defrauded by Tan Hoang Minh's illegal bond issuance seek leniency for the property developer's chairman Do Anh Dung and his son Do Hoang Viet after receiving compensation.
March 18, 2024 | 04:11 pm PT
I cut my losses after renting out my apartment for 5 years
Believing in real estate brokers’ rose-tinted advice, I bought an apartment to rent out only to end up selling it at a huge loss.
March 18, 2024 | 03:00 pm PT
VinFast founder launches global EV charging station company
Pham Nhat Vuong, chairman of conglomerate Vingroup and founder of electric vehicle maker VinFast, on Monday announced the establishment of V-Green Global Charging Station Development Company.
March 18, 2024 | 03:00 pm PT
Who are the 5 richest families in Asia?
The Ambanis and Mistrys from India, along with the Hartonos from Indonesia, are among Asia's 5 wealthiest families, boasting a collective net worth of $247.2 billion, as reported by Bloomberg.
March 17, 2024 | 03:08 pm PT
Stocks close session in red
Vietnam's benchmark VN-Index plummeted 1.60% to 1,243.56 points Monday.
March 18, 2024 | 02:12 am PT
Vingroup to divest from mall operator Vincom Retail
Conglomerate Vingroup has decided to sell its stake in Vincom Retail, lowering ownership in the retail unit to 18.37%.
March 17, 2024 | 11:50 pm PT
Canadian Prime Minister Justin Trudeau says he often thinks about quitting his 'crazy job'
Canadian Prime Minister Justin Trudeau, whose Liberals are trailing badly in the polls, on Friday said he thought about quitting his "crazy job" every day but insisted he would stay in office until the next election.
March 17, 2024 | 10:00 pm PT
Gold prices decline slightly
Saigon Jewelry Company gold bar price fell 0.88% to VND81 million ($3,280.35) per tael Monday morning.
March 17, 2024 | 10:00 pm PT
Le Pavillon Hoi An hotel goes to auction again with $4.4M starting bid
VietinBank is preparing for the third auction of the four-star Le Pavillon Paradise Hoi An Hotel & Spa, with a starting price of VND110 billion ($4.45 million), down 21% from its initial valuation in previous attempts.
March 17, 2024 | 10:00 pm PT
Dollar inches down on black market
The U.S. dollar fell slightly against the Vietnamese dong on the black market while remaining steady at banks Monday morning.
March 17, 2024 | 09:52 pm PT
Salaries decline across board for software engineers
The median salaries for software engineers plummeted in 2023, according to human resources technology platform TopCV.
March 17, 2024 | 08:05 pm PT
15 people behind property developer Tan Hoang Minh’s $349M fraud
Do Anh Dung, chairman of property developer Tan Hoang Minh, along with his son and 13 others are accused of issuing illegal bonds to steal VND8.6 trillion ($349 million) from 6,630 investors.
March 17, 2024 | 07:36 pm PT
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Travel
Indonesia seeks to join Singapore to promote tourism with A-list stars
Indonesia’s Tourism Minister Sandiaga Uno said his country is willing to cooperate with Singapore to attract world-famous artists like Taylor Swift for big concerts that would help promote tourism.
Vietnam Airlines increases flight frequency to Con Dao
Vietnam Airlines has started operating 26-30 daily flights to Con Dao from mid-March, up 50% from last month's frequency, as Bamboo Airways is about to halt the service to the archipelago.