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Housing prices in Hanoi rose the most in five years, driven up by limited supply and the specter of inflation. According to leading properconsultancy CBRE, the average price of a new apartment increased by 13 percent to US$1,655 per square meter. In the…
Ride-haling platform Gojek has launched its GoCar Protect service in Hanoi a month after introducing it in HCMC. The Indonesia-headquartered company guarantees that all its drivers have got two doses of Covid-19 vaccines and all cars are equipped with an air…
Samsung has invested $17.74 billion in Vietnam in the last 24 years, 29 percent of it in the last five. With eight manufacturing and research facilities in the country, the South Korean electronics giant achieved revenues of nearly $60.5 billion in the first…
Hanoi plans to ban motorbikes in core districts after 2025, five years earlier than an earlier plan, in order to reduce traffic congestion and emissions. The ban will apply to all districts within the third ring road and on three major roads: Truong Sa, Hoang…
Private hospitals in HCMC and Hanoi are reporting losses after months of limited operations necessitated by the Covid-19 pandemic. After four years of making a profit, the Tam Duc Heart Hospital in HCMC’s District 7 posted a loss of VND13 billion ($571,440)…
Hang Xanh Motors Service JSC (Haxaco), a major Mercedes-Benz dealer in Vietnam, reported a record loss, more than VND33 billion ($1.4 million) in Q3, due to social distancing orders. Revenue in Q3 was VND700 billion, down 59 percent compared to the same…
The first Ritz-Carlton branded residences in Vietnam is set to open in late 2023. Masterise Homes and Marriot International on May 10 announced the signing of an agreement for The Ritz-Carlton Residences, Hanoi, a standalone luxury branded residential project…
Hanoi will restrict motorbike shippers’ timings to between 9 a.m. to 8 p.m. every day, starting Monday, while requiring continued compliance with all pandemic prevention and safety measures. All shippers, accordingly, will have to furnish a certificate with…
With shops closed and delivery services facing restrictions due to the Covid-19 outbreak in Hanoi, apartment dwellers have stepped infill the supply gap by selling online. Thu, a clerk at a media company, who is working from home amid the social distancing,…
Many supermarkets in Hanoi are starting to impose social distancing, limiting the number of customers and the volume of foodstuffs they buy. BigC Thang Long Supermarket stipulated that each customer is allowed to buy a maximum three-egg blisters a day, while…
Japanese chain retailer Muji opened its first store in Hanoi on Saturday after opening one in HCMC last November. The store, which spans 2,000 square meters at Vincom Center Metropolis on Lieu Giai Street, is the second to be opened in Vietnam. The flagship…
Vietnam’s largest private company, Vingroup, has established pharmaceutical company Vinbiocare with a charter capital of VND200 billion ($8.6 million). Its focus will be on medicine, vaccines. Vingroup owns 69 percent of Vinbiocare Biotechnology JSC, its…
Fares on Hanoi’s first metro will range from VND8,000-15,000 ($0.35-0.65). City authorities have also decided that a day pass on the Cat Linh – Ha Dong metro line for unlimited trips will cost VND30,000. A monthly pass will cost VND200,000 and half that for…
The Hanoi Stock Exchange (HNX) posted VND399 billion ($17.3 million) in 2020 post-tax profit, a year-on-year increase of 28 percent. Its revenue rose 32 percent year-on-year to VND733 billion, 87 percent of which was from transaction charges. The exchange…
The producer of Hanoi Beer expects sales to be badly hit by the Covid-19 pandemic this year and profits to fall to a 10-year low as a result. The Hanoi Beer Alcohol and Beverage Jsc forecast post-tax profits of VND255 billion ($11 million), down 59 percent…
Hanoi’s first metro line Cat Linh – Ha Dong is set to be handed over to city authorities in May for commercial operation. The company that built it, China Railway Sixth Group Co Ltd., on Wednesday began the process of handing over the Cat Linh – Ha Dong Metro…
