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Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%
Standard Chartered Bank has lowered Vietnam’s GDP growth forecast in 2024 to 6% from the previous 6.7% due to lower-than-expected Q1 growth and global trade headwinds.
100 container trucks held in China due to buyer-seller disputes
Since the beginning of last year over 100 Vietnamese container trucks that had carried low-quality agricultural goods are stuck in China with disputes between buyers and sellers remaining unresolved.
Vinhomes not to pay dividends to plow back money into operations
Vietnam’s biggest property developer Vinhomes will not pay dividends for 2022 and 2023 and has said it will use the money to fund upcoming operations.
April 24, 2024 | 07:05 pm PT
Beverage tycoon Tran Qui Thanh appears with grey hair following a year in custody
Tran Qui Thanh, chairman of leading beverage manufacturer Tan Hiep Phat, and his daughter Tran Uyen Phuong showed up at the ongoing trial visibly languished after a year of detainment on accusations of "abuse of trust to appropriate assets."
April 23, 2024 | 06:05 pm PT
Resort properties find no takers in Da Nang
No beach villas, townhouses or condotels were sold in Da Nang in the first quarter, according to property consultancy DKRA Vietnam.
April 24, 2024 | 05:56 am PT
State Bank of Vietnam to host second gold auction
The State Bank of Vietnam will auction 16,800 taels of gold bar to businesses Thursday for the second time.
April 24, 2024 | 04:11 am PT
VN-Index surges with all bluechips in green
Vietnam's benchmark VN-Index rose 2.40% to 1,205.61 points Wednesday.
April 24, 2024 | 04:07 am PT
Prosecutors propose 10-year prison sentence for beverage tycoon Tran Qui Thanh in $41M fraud case
Prosecutors recommended a 9-10 year prison term for Tran Qui Thanh, chairman of leading beverage manufacturer Tan Hiep Phat, given his mitigating factors, for charges of “abuse of trust to appropriate assets.”
April 24, 2024 | 03:16 am PT
Lawmaker proposes taxing low-value imports amid e-commerce surge
A senior lawmaker has proposed taxing low-value imported goods as their numbers have surged with the boom in e-commerce platforms such as Shopee and Tiktok.
April 23, 2024 | 11:34 pm PT
Why central bank’s gold auction failed to attract bidders
Over 13.400 taels of gold bullion went unsold in the State Bank of Vietnam’s auction on Tuesday morning, with businesses seemingly considering the floor price unappealing.
April 23, 2024 | 11:34 pm PT
Gold price surges
Saigon Jewelry Company gold bar rose 1.2% to VND84.3 million ($3,312.7) per tael Wednesday morning.
April 23, 2024 | 08:28 pm PT
Vietnam tops Southeast Asia in number of Apple suppliers
U.S. company Apple had Southeast Asia’s highest number of suppliers in Vietnam last year and fourth highest globally.
April 23, 2024 | 07:37 pm PT
'I will accept any judgment,' beverage tycoon Tran Qui Thanh says at $41M fraud trial
Tran Qui Thanh, chairman of leading beverage company Tan Hiep Phat, has changed his testimony and pleaded guilty at his trial, saying he would unquestioningly accept the court’s verdict.
April 23, 2024 | 06:13 pm PT
Embattled Pacific Airlines incurs $59M loss
Pacific Airlines made a loss of nearly VND1.5 trillion (US$58.9 million) last year due to rising costs and lower-than-expected passenger numbers, according to parent company Vietnam Airlines.
April 23, 2024 | 05:00 pm PT
New apartments in Hanoi sell out despite rising prices
Most apartment projects launched in Hanoi last quarter are fully sold despite being high-priced at more than VND60 million (US$2,360) per square meter.
April 23, 2024 | 03:36 pm PT
VN-Index drops 1.1%
Vietnam’s benchmark VN-Index on Tuesday fell 1.08% to 1,177.40 points as it struggled to bounce back from a near three-month low.
April 23, 2024 | 06:19 am PT
Only two buyers bid in first gold auction in 11 years
Only two companies made bids and bought 20% of the gold bars the State Bank of Vietnam offered to sell on Tuesday in its first gold auction in 11 years.
April 23, 2024 | 01:24 am PT
FPT and Nvidia to build $200M AI factory in Vietnam
Vietnam IT giant FPT Corp will spend $200 million building an AI Factory that incorporates technology from U.S. chipmaker Nvidia.
April 23, 2024 | 12:45 am PT
Van Thinh Phat associated companies have bonds worth $2B outstanding
Twenty four sister and partner companies of property developer Van Thinh Phat have issued bonds worth VND52.4 trillion ($2.06 billion), with over 30% overdue for redemption.
April 22, 2024 | 11:40 pm PT
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