Vietcombank has announced the highest pre-tax profit in the banking sector for the second quarter and the first half of 2024, even as core revenue streams show a downturn.
In per-labour-force terms, consumer debt even jumped from 41 per cent of income in 2013 to more than 100 per cent in 2020, according to HSBC.
Vietnam’s PMI has slumped to a six-month low in August due to slower client demand and US-China trade tensions restricting new orders and production, according to IHS Markit.
The low cost carrier will be operating four new routes connecting Phu Quoc to various domestic and international destinations, to serve the rising number of tourists and investors attracted to the Pearl Island of Vietnam.
Share price of Conteccons Construction JSC (HOSE: CTD) hit its record low of VND96,800 ($4.2) in three years on June 18, witnessing a fall of over 33 per cent on-year.
The country has experienced 25 per cent growth on international visitor arrivals between 2016 and 2018, with tourism receipts accounting for some 11 per cent of GDP, according to Maybank Kim Eng Research.
High growth of middle income people and rapid urbanization power the Vietnamese real estate market to grow, according to SonKim Land CEO Andy Han Suk Jung.
Effective market institutions, and a transparent, clean and accountable state are lynchpins of development for Vietnam to resolve four key priorities including private sector, infrastructure, human capital and green growth, according to World Bank Vietnam.
The Asian Development Bank has approved a $100 million policy-based loan to develop Vietnam’s finance sector, aiming to support long-term economic growth and tackle rising income inequality.
Property management planning should be an essential part of any high-value property development project, according to Gareth Powell, Director of Property & Asset Management at JLL in Vietnam.
Expats in Vietnam reveal that annually they earn on average $90,408 and one-fourth of them own property in Vietnam, according to an HSBC's annual survey.
The start price of VinFast's electric scooters Klara in the first batch is reduced by 40 per cent compared to the actual price down to even below $1,000 each unit.
Vietnam Manufacturing Purchasing Managers’ Index (PMI) in September shows the first reduction in output prices in 13 months, slower rises in output, new orders and employment but business confidence rebounded from August’s low.
Vu Tien Loc affirmed that over the past years, the reform of Vietnam business environment and the implementation of free trade agreements have created breakthroughs but the spillover of foreign direct investment (FDI) is still very low.
