Cancel
ads

‘Sharks’ refuse to invest in top 2 dating apps

The dating app Fika, valued at $150 million and striving to become the next technology unicorn of Vietnam, has been rejected by investors at the Shark Tank TV show.

ads

FDI sector gains over $13.6 billion of trade surplus

The FDI sector reported a trade surplus of over $13.6 billion in the first five months of 2022, according to the Ministry of Industry and Trade.

ads

Finance ministry seeks further gasoline tax cut

The Ministry of Finance is set to propose a further environment tax reduction on gasoline amid surging prices.

News

ads

Quadria Explores Stake Sale in FV Hospital in Vietnam

Quadria Capital, a health care-focused private equity firm, is exploring a sale of its stake in FV Hospital in Vietnam, according to people familiar with the matter.

ads

Preparations begin for Ba Ria-Vung Tau and Dong Nai expressway project

Local authorities in Ba Ria-Vung Tau and Dong Nai provinces are preparing to carry out an expressway route linking Bien Hoa and Vung Tau cities.

ads

Vietnam’s secondhand market expected to top $5bn by 2026

The secondhand market in Vietnam is projected to exceed $5 billion by 2026, a major increase from its current value of $1.1 billion.

Economy

ads

Vietnam reports Q2 economic growth at 7.72%, highest since 2011

Second quarter’s GDP increased 7.72 percent year-on-year, the highest growth rate since 2011, reported the General Statistics Office of Vietnam.

ads

Jan.–June foreign investment reported at $14.03 bln, down 8.9%

As of June 20, the total newly registered, adjusted, and contributed capital to buy shares of foreign investors reached $14.03 billion, down 8.9 percent, according to the Ministry of Planning and Investment.

Companies

ads

DFC grants an up to 200 million USD loan to Vietnam's SeABank

Among the approved corporations in this quarter, SeABank is the first and only financial organization in Vietnam receives an up to $200 million loan.

ads

A significant stride in the introduction of Tungsten into battery technology

H.C. Starck Tungsten Powders, a Germany-based subsidiary of Masan High-Tech Materials, has taken a major step forward in the development of tungsten-based coatings in the production and use of batteries.

ads

Hoa Phat market cap halves in last 9 months

Steel giant Hoa Phat Group has lost VND130 trillion ($5.6 billion) from its market capitalization since last October due to a bearish market, rising costs and falling demand in China.

Market

ads

Gold consumption up 6 pct

Vietnam’s gold consumption rose 6 percent year-on-year in the first quarter as inflation concerns pushed people to invest in safer assets.

ads

Thai food giant to list on Vietnam stock exchange

Thai food giant Charoen Pokphand Foods has green-lighted its Vietnam subsidiary’s plans to list its shares on the Ho Chi Minh Stock Exchange.

ads

Vietnam’s stock trading volume ranks second in ASEAN

Vietnam has surpassed Singapore to become the stock market with the second-largest trading volume in ASEAN, said the Ministry of Finance.

Real Estate

ads

Limited-term apartment ownership proposal raises concern among people

While some believe the limited-term apartment ownership rule could reduce housing prices, many prefer freehold to leasehold mode.

ads

Vinhomes to build half a million social housing units in five years

This is the first time Vinhomes, and its parent company Vingroup, invested in low-cost social housing.

ads

Real estate remains second biggest magnet for FDI

Foreign investors pledged to pour over $2.8 billion in real estate sector in the first four months this year, accounting for 30.3 percent of the total foreign direct investment inflows.

World

ads

Facebook parent Meta partners with AMD for mobile infrastructure program

Meta is trying to cover the uncovered regions and the underdeveloped countries

ads

Morgan Stanley agrees $13 billion deal to buy online trading platform ETrade

Morgan Stanley has become the latest elite Wall Street bank to turn to Main Street for its future growth, adding stock trading millennials to its customer with the $13bn acquisition of ETrade.

ads

Facebook-owner Meta gives preview of its first store, enterprise tools

Facebook owner Meta Platforms Inc gave an early glimpse of its first physical store which shows off games on its virtual reality headsets and rooms for testing video calling devices.