Pandemic grounds 39 Vietnam aircraft

Pandemic grounds 39 Vietnam aircraft

Vietnam had 39 aircraft, or over 14 percent of its fleet, grounded in the first quarter after a new Covid-19 outbreak cut travel demand. Read more »
Land prices rise, but fewer transactions

Land prices rise, but fewer transactions

Land prices have skyrocketed in several cities and provinces areas, but the number of transactions this year has fallen by 30 percent from last quarter. Read more »
Used automobile import quotas fail to attract interest

Used automobile import quotas fail to attract interest

The auction of import quotas for used cars at low tariffs under a free trade deal has been canceled after it failed to attract interest. Read more »
Pall of gloom remains over HCMC hospitality industry

Pall of gloom remains over HCMC hospitality industry

HCMC hotels suffered a plunge in both hotel room rates and occupancy in Q1 after the country was struck by its third Covid-19 outbreak. Read more »
Upscale HCMC apartment project scales a new pricing high

Upscale HCMC apartment project scales a new pricing high

An apartment project with a record-high price tag of $18,000 per square meter has recently been launched in HCMC, showcasing increasing demand in the luxury segment. Read more »
Petrovietnam Power to build $1.5 bln LNG plant

Petrovietnam Power to build $1.5 bln LNG plant

State-owned Petrovietnam Power has proposed the construction of a $1.5 billion liquefied natural gas power plant in the southernmost province of Ca Mau. Read more »
Contractors suffer as steel prices surge

Contractors suffer as steel prices surge

A 40-50 percent surge in steel prices since the beginning of the year is troubling construction companies, forcing them to report losses and turn down contracts. Read more »
Vietnam Railways pleads for government funding as staff remain unpaid

Vietnam Railways pleads for government funding as staff remain unpaid

Vietnam Railways owes its 11,300 workers four months’ salaries due to a funding delay by the government, and fears this could cause many to quit. Read more »
​Vietnam eyes $4 bln in shrimp exports

​Vietnam eyes $4 bln in shrimp exports

Vietnam targets a 5 percent increase in shrimp exports this year to $4 billion. Read more »
​Hanoi apartment prices up 7 pct

​Hanoi apartment prices up 7 pct

Average apartment prices in the Hanoi primary market rose by 7 percent year-on-year in the first quarter to 1,461 per square meter, according to real estate consultancy CBRE. Read more »
​Experts fear HCMC luxury apartment market building into bubble

​Experts fear HCMC luxury apartment market building into bubble

The ratio of luxury apartments in HCMC rose from 7 percent last year to 39 percent in the first quarter of this year. Read more »
Affordable housing on the verge of extinction

Affordable housing on the verge of extinction

Affordable housing at prices of up to VND2 billion ($86.9 million) has gradually disappeared from the Vietnamese market. Read more »
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