The net worth of Bui Thanh Nhon, chairman of property developer Novaland and once among Vietnam’s richest people, has declined by 92% since 2021-end to VND8.4 trillion (US$329 million).
Vietnam to halve the number of provinces as cost-cutting drive expands
HANOI: Vietnam is planning to reduce the number of provinces by half and slash commune-level authorities by up to 70 per cent, further expanding a streamlining drive that aims to cut billions of …
Capitalising on Vietnam’s growth: Gamuda Land’s expansion in Southeast Asia’s fastest-growing economy
The regional property developer is transforming the country’s real estate landscape with large-scale projects that meet the needs of a rising middle class seeking well-planned communities.
Vietnam at ‘Real’ Risk of New US Tariffs, US Business Group Says
The Trump administration could slap new tariffs on Vietnamese goods as a tool to rebalance trade between the US and the Southeast Asian Country, U.S.-Asean Business Council President and Chief …
Exclusive: Vietnam developer proposes 15-year rescue for bank at heart of giant fraud, documents show
The bank at the centre of Vietnam’s biggest financial fraud has received a central bank bailout amounting 5% of the nation’s 2024 economic output, which a local white knight hopes to repay in 15 years …
Exclusive: Vietnam developer proposes 15-year rescue for bank at heart of giant fraud, documents show
The bank at the centre of Vietnam’s biggest financial fraud has received a central bank bailout amounting 5% of the nation’s 2024 economic output, which a local white knight hopes to repay in 15 years …
Finance Minister Nguyen Van Thang appointed chair of VN Social Security Council
Prime Minister Pham Minh Chinh has appointed Finance Minister Nguyen Van Thang as chairman of the Vietnam Social Security Council, overseeing national social insurance and healthcare policies. Finance …
Chinese milk tea brand Chagee faces boycott wave in Vietnam over illicit ‘nine-dash line’ map
Despite preparing to enter Vietnam, Chagee, a popular Chinese milk tea chain, is facing a wave of calls for a boycott from the Vietnamese online community as its app displays a map suspected of …
Vietnam considers 20% tax on real estate profits to curb tax evasion
Experts propose a 20% tax on real estate sale profits instead of the current 2% flat tax, aiming to improve transparency and prevent speculation in Vietnam’s property market.
US Tells Vietnam to Improve Trade Balance Amid Tariff Risks
The US ran a $123.5 billion trade deficit with Vietnam in 2024, according to the Office of the USTR. The gap is drawing attention to the country as Trump’s America First agenda relies on tariffs as …