business news

Update news business news

Why did 'Trash King' David Duong face legal troubles in the US?

David Duong, often called the "trash tycoon," has run into legal issues. His US-based waste management company is being investigated for his involvement in the election campaigns of a former American mayor and several other officials.

Prominent wood industry tycoon arrested in high-stakes gambling bust

Do Xuan Lap, a key figure in Vietnam’s wood industry, has been arrested for gambling, marking a dramatic fall for the CEO of Tien Dat Wood Technology Corporation and Chairman of Viforest.

Vietnam and US resolve WTO dispute over anti-dumping duties on tra fish

Vietnam and the US have reached a bilateral agreement to end a WTO dispute over anti-dumping duties on Vietnamese tra fish exports, marking a significant step in trade relations.

Discovery of harmful chemical in Thai durians disrupts Vietnamese trade

The discovery of a carcinogenic chemical in Thai durians has prompted China to impose stricter import regulations, indirectly affecting Vietnam’s booming durian exports.

Handling of assets and real estate is a must in streamlining the apparatus

The government has requested the strengthening of management and use of public assets to ensure compliance with standards, norms and tasks.

E-commerce platforms face new verification requirements under draft law

The Ministry of Industry and Trade has proposed a new E-commerce Law to improve oversight of online sellers, requiring detailed identification and tax information to address regulatory gaps.

Vietnam boosts US imports as Vietjet secures Asia’s largest aircraft deal

Vietnam is ramping up its imports from the US, spending billions on critical goods like Boeing aircraft and high-tech machinery, as it aims to balance trade and strengthen strategic ties.

How Hanoi’s key urban districts doubled property values in years

Hanoi’s property boom is evident in districts like Cau Giay, Nam Tu Liem, and Tay Ho Tay, where apartments now fetch up to 220 million VND per square meter.

Colossal fortune evaporates within 3 years – the tale of a billionaire

The Vietnamese real estate market has entered a new period where there is no longer explosive growth in all market segments. This is a difficult period for many realtors, including Bui Thanh Nhon.

Vietnam’s durian success story: Record exports and booming profits for farmers

Vietnam’s durian industry achieved a record $3.3 billion in exports in 2024, fueled by high demand from China and booming profits for farmers across key growing regions.

Tan Tao company’s shares to be mandatorily delisted for violations

The Ho Chi Minh City Stock Exchange (HoSE) has announced the mandatory delisting of ITA shares from Tan Tao Investment and Industry Corporation due to unresolved and persistent violations of information disclosure regulations.

Four underperforming banks in Vietnam restructured through mandatory transfer

The State Bank of Vietnam has completed the mandatory transfer of CB Bank, MBV, GPBank, and DongA Bank to leading commercial banks, marking a critical step in restructuring the financial sector.

Traditional confectionery stalls struggle as customers turn to smaller purchases

With just weeks to go until the Lunar New Year, traders at Binh Tay Market are grappling with slower-than-expected sales and shifting consumer behaviors.

How Da Nang plans to become Vietnam’s next financial powerhouse

Da Nang is laying the groundwork to establish a financial hub that integrates green finance, fintech, and trade finance to attract global investors.

From VinFast to VinRobotics: Pham Nhat Minh Hoang’s impressive career

Pham Nhat Minh Hoang, the second son of billionaire Pham Nhat Vuong, has emerged as a rising figure in Vietnam’s business world.

Hai Phong unveils $40 billion coastal economic zone

Hai Phong has officially launched its 20,000-hectare Southern Coastal Economic Zone, a multi-sector hub expected to attract $40 billion in investment and establish the city as a global maritime and logistics leader.

Two billionaires pledge to make Binh Dinh a luxury tourism hotspot

Two international billionaires have announced plans to transform Binh Dinh into a world-class hub for luxury tourism, blending yacht culture and elite experiences.

VPBank and HDBank take full ownership of GPBank and DongA Bank

Vietnam's State Bank has completed the mandatory transfer of GPBank and DongA Bank to VPBank and HDBank to ensure financial stability and improve banking operations.

American fruits dominate Vietnam’s Tet market with record imports

The U.S. has overtaken China as Vietnam’s largest supplier of fruits and vegetables during the Tet (Lunar New Year) season, with imports reaching a record $123.7 million in December 2024.

Discover the best of ASEAN furniture at VIFA ASEAN 2025

The 3rd Vietnam ASEAN International Furniture and Home Accessories Fair, VIFA ASEAN 2025, will connect Southeast Asia’s furniture industry to global buyers in Ho Chi Minh City this August.