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Vietnam’s unsold luxury apartment inventory among lowest in ASEAN

Vietnam’s unsold luxury apartment inventory among lowest in ASEAN

Vietnam’s inventory of unsold luxury apartments was among the lowest in ASEAN last year despite double-digit surges in price, a new report says.
Austere Tet for real estate brokers as bonuses plummet

Austere Tet for real estate brokers as bonuses plummet

A sluggish housing market in 2019 has delivered the lowest Lunar New Year bonuses in five years to many real estate brokers.
January 24, 2020 | 01:49 pm GMT+7
New solar power prices not incentive enough: Finance Ministry

New solar power prices not incentive enough: Finance Ministry

Newly proposed feed-in-tariffs (FIT) much less than earlier incentive rates might be too low to encourage solar power investments, the ministry says.
January 22, 2020 | 08:30 pm GMT+7
Hanoi salons overrun by festival rush

Hanoi salons overrun by festival rush

With people keen on looking their best for Tet and willing to pay premium prices for the service, hairdressers are making a killing.
January 22, 2020 | 11:56 am GMT+7
Taxis, ride-hailing apps hike Tet ride charges

Taxis, ride-hailing apps hike Tet ride charges

Taxis are refusing to charge by the meter and ride-hailing apps have doubled ‘peak hour’ prices and added surcharges as Tet draws close.
January 22, 2020 | 09:35 am GMT+7
Bonsai creations fetch handsome sums as Tet symbols

Bonsai creations fetch handsome sums as Tet symbols

Yellow ochna and kumquat trees carefully crafted and nurtured can be hired for thousands of dollars in Saigon to invite Tet abundance.
January 19, 2020 | 08:45 pm GMT+7
Auto companies seek to expand Vietnam production

Auto companies seek to expand Vietnam production

Auto manufacturers are expanding factories in Vietnam to increase output as the country seeks to reduce its reliance on imports.
January 19, 2020 | 11:23 am GMT+7
Hanoi, HCMC housing imbalance sees demand outstripping supply

Hanoi, HCMC housing imbalance sees demand outstripping supply

With one apartment per 59 residents, Hanoi and HCMC faces housing dilemma as focus remains on premium market.
January 18, 2020 | 11:12 am GMT+7
CEOs buckle under Vietnam ride-hailing pressure

CEOs buckle under Vietnam ride-hailing pressure

Heated competition has seen three major Vietnamese ride-hailing players lose CEOs, all within a year.
January 18, 2020 | 08:48 am GMT+7
Banks not to splurge on Tet bonuses despite surging profits

Banks not to splurge on Tet bonuses despite surging profits

Banks are likely to be conservative about paying Lunar New Year bonuses though many reported a big jump in profits last year.
January 16, 2020 | 11:25 am GMT+7
Vietnam to lower tariffs for solar power

Vietnam to lower tariffs for solar power

The Ministry of Industry and Trade has proposed a new feed-in tariff 32 percent lower than the earlier incentive rate.
January 16, 2020 | 09:03 am GMT+7
Drivers more geared towards luxury cars

Drivers more geared towards luxury cars

Sales of luxury cars in Vietnam surged in 2019 with the rich showing greater preference for premium vehicles in a fast-growing economy.
January 15, 2020 | 11:28 am GMT+7
Southern industrial land prices surge amid dwindling supply

Southern industrial land prices surge amid dwindling supply

Industrial real estate prices across southern localities rose by 12.2 percent in 2019 due to increasing foreign business demand.
January 15, 2020 | 08:50 am GMT+7
HCMC Lottery Company profits soar

HCMC Lottery Company profits soar

The HCMC Lottery Company Ltd. made pretax profits of over VND1.3 trillion ($56.29 million) last year, up 13.7 percent from 2018. 
January 13, 2020 | 01:31 pm GMT+7
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