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Foreign investors dump Mobile World as sales tumble

Foreign investors dump Mobile World as sales tumble

Foreign investors have been net selling MWG shares of electronics retail chain Mobile World for the last six months as the company’s earnings drop amid declining demand.
M&A market shrinks by 23%

M&A market shrinks by 23%

Vietnam’s mergers and acquisitions market was 23% down year-on-year in the first 10 months to US$4.4 billion, but the average value of a deal went up.
November 28, 2023 | 10:52 pm PT
Vietnam generates two-thirds of ASEAN renewable energy

Vietnam generates two-thirds of ASEAN renewable energy

Vietnam accounted for 69% of ASEAN’s solar and wind generation last year and was the region’s main growth driver in renewable energy development in recent years, a report has found.
November 22, 2023 | 04:43 am PT
Personal income tax revenues drop for first time in 10 years

Personal income tax revenues drop for first time in 10 years

Personal income tax revenues in the first nine months dropped 6% year-on-year to VND121.20 trillion ($5 billion), its first decline in 10 years.
November 17, 2023 | 04:44 pm PT
Car market encounters stagnation despite strong discounts

Car market encounters stagnation despite strong discounts

After sales grew 13% in September, the car market in Vietnam was stagnant in October even when producers offered discounts and promotions to stimulate demand.
November 14, 2023 | 06:56 pm PT
Lending to property industry up 6% this year

Lending to property industry up 6% this year

Banks gave loans worth VND2,740 trillion (US$114.166 billion) to the property sector in the first nine months of this year, a year-on-year increase of 6%, the central bank said.
November 13, 2023 | 08:35 pm PT
Some 550,000 stock accounts closed in October

Some 550,000 stock accounts closed in October

About 167,700 retail stock accounts were opened last month, but 545,400 were closed, marking the first time closed accounts have outnumbered new ones on Vietnamese stock exchanges.
November 8, 2023 | 01:32 am PT
Property development loans drive credit growth at banks

Property development loans drive credit growth at banks

Lending to property developers has been the main driver of banks’ credit growth in the first nine months of this year.
November 7, 2023 | 07:02 pm PT
ACB's profit shoots up in Q3

ACB's profit shoots up in Q3

ACB saw its pre-tax profit rising 13% year-on-year to VND5 trillion ($203.57 million) in the third quarter even as many lenders posted declines.
October 25, 2023 | 06:34 pm PT
September auto sales reach 6-month high

September auto sales reach 6-month high

Vietnam's auto sales in September hit their highest peak since March, totaling 25,375 units, demonstrating a slight increase in demand.
October 15, 2023 | 09:26 pm PT
Property developers again turn to banks, lending soars

Property developers again turn to banks, lending soars

Lending to property developers by banks increased 19% in the first seven months of this year to VND980 trillion (US$40.07 billion), indicating a likely increase in housing supply soon.
October 15, 2023 | 06:00 pm PT
Hanoi incomes exceed those in HCMC

Hanoi incomes exceed those in HCMC

An average worker in Hanoi earned VND9.9 million ($405) a month in the third quarter, 6.5% higher than Ho Chi Minh City’s VND9.3 million.
October 5, 2023 | 06:36 pm PT
77% of jobseekers hold university degrees: HCMC survey

77% of jobseekers hold university degrees: HCMC survey

Of over 32,300 jobseekers in Ho Chi Minh City, nearly four-fifths have a university degree and face more difficulties in finding the right job than other groups, a survey has found.
October 2, 2023 | 06:14 am PT
Insurance premiums decline for first time in years

Insurance premiums decline for first time in years

Insurance premium incomes fell by 7% year-on-year to VND165.6 trillion ($6.81 billion) in the first nine months of this year, the first decline in several years.
October 2, 2023 | 12:16 am PT
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