Business
Vietreader's Business section covers Vietnam's business and economy. It reports on tech, retail, finance, startups, entrepreneurship, and more
Hundreds of Millions Vanish from Bank Accounts in Hanoi
Customers of the Vietnam Maritime Bank's Thanh Xuan branch in Hanoi were shocked earlier this year to discover that over 338 billion dong (approximately 15 million USD) had disappeared from their savings accounts overnight. The incident has attracted significant public attention and raised
Unemployment Rates Among College Graduates in the United States
This report will analyze unemployment rates among recent college graduates in the United States based on their chosen major field of study. The data shows significant variation in employment outcomes depending on one's area of specialization. Understanding trends in unemployment by college major
Pacific Airlines Announces Restructuring to Increase Efficiency
A representative from Pacific Airlines has announced that the company will be restructuring its fleet and flight routes as part of efforts to ensure and enhance operational effectiveness. During this period, some flight routes may change schedules or temporarily suspend operations. The airline's
VinGroup Founder Establishes New Companies to Support Business Growth
Pham Nhat Vuong, the founder and chairman of Vingroup - Vietnam's largest private conglomerate, has established three new holding companies over the past year that aim to assist the long-term financial needs of its various business divisions. This move demonstrates Vuong's continued commitment to
Vingroup CEO Denies Land Grab Speculation as Group Exits Vincom Retail Business to Refocus Resources
Vingroup plans to divest from Vincom Retail, one of Vietnam's largest retail chains. Currently, Vingroup subsidiaries own a 99% stake in Sado Company, the largest shareholder of Vincom Retail. In March 2022, an agreement was signed for Vingroup to sell its entire stake in SDI Company, which holds
Reasons Why Many Vietnamese Don't Buy Cars at The Beginning of The Year
After the Lunar New Year holidays, many people in Vietnam tend to choose investment channels over buying cars, resulting in a downward trend in the country's automobile production.
Vietnam's wooden exports saw a robust start in the new year of 2024, recording significant growth in January despite global economic headwinds
According to a report from Vietnam's Ministry of Agriculture and Rural Development, the country raked in $1.49 billion from wooden goods exports last month, representing a sharp rise of 72.5% year-on-year. This outstanding performance has boosted optimism across the timber industry as players gear
Hoa Phat Chairman Tran Dinh Long Net Worth Expected to Double to $5 Billion as Steel Business Booms
Vietnam's richest man Trần Đình Long, Chairman of Hoà Phát Group, is on track to see his net worth double to $5 billion as the steel tycoon's flagship company benefits from a resurgence in the industry.
Online Channels Driving Strong Growth in Electronics Sales, Surpassing Retail Revenues for The Gioi Di Dong
The telephone and tablet market recorded nearly VND 14 trillion in online revenue on e-commerce platforms. This figure is only about VND 2 trillion less than The Gioi Di Dong's online revenue.
VinFast's Total Assets Smaller than Vingroup, Vinhomes but Equity Value Surpasses, Only Second to Vietcombank
According to the latest financial statements, although VinFast's total assets are smaller than other major Vietnamese groups such as Vingroup, Vinhomes, Hoa Phat and Masan, its equity value surpasses and is only second to Vietcombank in Vietnam.
Vietnam Coffee Prices Continue to Rise as Global Prices Rebound
According to data from the Vietnam Coffee and Cocoa Association (Vicofa), robusta coffee prices averaged 82,100 VND ($3.50) per kilogram in Vietnam's Central Highlands as of February 22nd, up around 300-400 VND from the previous day. This marks the fourth consecutive day of price hikes in the
VinFast's Presence at the 2024 Indonesia International Motor Show Impresses Automotive Experts
The presence of Vietnamese automaker VinFast at the 2024 Indonesia International Motor Show (IIMS) has made a strong impression on industry veterans in the Southeast Asian nation. According to experts, VinFast holds several competitive advantages that could help them penetrate the Indonesian
Coffee Prices in Vietnam's Central Highlands Surpass VND81,000 per Kilogram
Coffee prices in Vietnam's Central Highlands region have continued an upward trend, setting new record highs. As of February 19th, robusta coffee beans were trading at over VND81,000 (USD3.5) per kilogram in the major coffee growing provinces of the region.
Coffee, Rice and Durian Prices Surge at the Start of the Year in Vietnam
Coffee, rice and durian - three key agricultural commodities produced in Vietnam, have seen their prices climb sharply at the beginning of 2024 due to a combination of global supply and demand factors. According to analysis from Vietnam's Ministry of Agriculture and Rural Development, most
Vietnam's beer industry at its lowest in 24 years and new directions in alcohol beverage business
Vietnam has long been one of Southeast Asia’s largest markets for beer and alcohol consumption. However, statistics show the country’s beer industry is facing its most significant downturn in over two decades as consumer habits and societal views change. Industry leaders are taking notice and
Vietnamese Digital Startups Aim for Strong Growth, Increased Competition with Global Tech Giants in 2024
Hanoi, Vietnam - As Vietnam ramps up efforts to transition to a digital economy and society, local tech companies are playing an increasingly important role in developing digital infrastructure and platforms that cater specifically to the needs of Vietnamese users. Several prominent Vietnamese