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‘Steel King’ Tran Dinh Long redraws map of steel industry

Hoa Phat’s revenue and market share have increased, which has helped it cement its No 1 position in the market, while steel shares have become hot again, prompting investors to sell shares to make big profits.

Foreign real estate buyers buy apartments for investment purposes

Nine out of every 10 foreign house buyers in Vietnam choose apartments when buying , and most plan to sell later when prices increase. Very few foreigners buy apartments for their own accommodation.

Pacific Airlines returns aircraft, transfers passengers to Vietnam Airlines

Starting from March 18, Pacific Airlines (part of the Vietnam Airlines Group) will suspend flight operations to restructure its fleet and flight network to ensure operational efficiency, a company representative said.

Husbandry associations urges technical barriers to be tightened

Four husbandry industry associations have proposed the Government tighten technical barriers on imported meat to support domestic production which has been struggling with soaring imports in recent years.

Van Thinh Phat chairwoman faces death penalty

Truong My Lan, chairwoman of real estate developer Van Thinh Phat, is facing death penalty for bribery, violating bank regulations and embezzlement, which is considered the largest financial scandal in Southeast Asia.

VN central bank required to take urgent measures to stabilise gold market

The Government has directed the State Bank of Vietnam (SBV) to urgently inspect and supervise to stabilise the gold market.

Vietnam ranks third in crypto gains in 2023: US analysis firm

Vietnam was the third largest cryptocurrency gainer in the world in 2023, only after the U.S. and UK, with nearly 1.2 billion USD, according to U.S. blockchain analysis firm Chainalysis.

Vietnam needs 'reverse thinking' to turn challenges into opportunities

To overcome challenges, it is necessary to take unprecedented action to create other development structures. This is an opportunity for both local governments and businesses.

VN in top 5 favourite investment destinations among Asia’s emerging countries

Vietnam has ranked in the top five favourite investment destinations among Asia's emerging and developing economies, according to the Global Opportunity Index.

Why is the purchasing power of US$1 in VN higher than in the US?

In Vietnam’s official documents, there are publications about the GDP Nominal, but no publication about the GDP PPP (purchasing power parity).

Vietnamese economy proceeding as predicted

Vietnam's GDP in the first quarter of 2024 will grow by around 5.5% as predicted, according to experts and thinktanks.

New laws expected to increase number of social-housing apartments

The ratification of the 2023 Housing Law with new regulations on social housing is expected to have a positive impact on businesses’ investments and home buyers.

Trial begins for 15 defendants in Tan Hoang Minh Group's $348m fraud case

The defendants are accused of conspiring in deceptive practices, fabricating business activities, and manipulating financial reports to create a facade of legitimacy.

Retail premises in central HCM City left idle, market remains quiet

Many retail premises in HCM City that were once popular despite very high rents have been idle for a long time.

Vingroup exits Vincom Retail, shifts parent company status

Vingroup JSC has announced it will sell its stake in Vincom Retail and no longer be the parent company of the nationwide retail centre system.

FDI sector becomes key Vietnamese growth driver: Vietnam Business Forum

FDI sector is considered to be a key driving force to develop the economy, accelerate international ties, and support local firms to get further involved in global value chains, said the Minister of Planning and Investment at the VN Business Forum.

Vietnam Oil and Gas Group has new CEO

Le Ngoc Son, deputy CEO of Vietnam Oil and Gas Group (PVN), has been promoted to the post of CEO, with effect from March 18, the local media reported.

VN central bank drains more money from system

The State Bank of Vietnam (SBV) has withdrawn nearly VND75 trillion from the banking system over the course of the last five trading sessions.

Regulatory sandbox to be developed for three fintech solutions only

In the latest draft, the regulatory sandbox will be developed for three fintech solutions, including credit scoring, open application programming interface (API) and P2P lending.

Top 50 US businesses land in VN to seek opportunities

A delegation of 50 top US businesses arrived in Vietnam on March 18 to seek cooperation opportunities in various sectors.