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Many life insurers fare poorly as one company reports VND6.3 trillion loss

Life insurance companies continued to have another tough year in 2024 after the ‘aftershocks’ of the 2022 crisis. The number of life insurance companies recording a decline in profit in 2024 was overwhelming.

Can Vietnam’s private sector go global? Not yet - but change is coming

Billionaires and big brands aside, most Vietnamese businesses remain small and face barriers to regional expansion.

Hung Yen becomes Vietnam’s smallest province, but ranks top 12 in economy

After merging with Thai Binh, Hung Yen will be compact in size but emerge as a national economic powerhouse.

Vietnam tightens control over trade documents, revokes VCCI’s role

Starting April 21, VCCI is no longer authorized to issue certificates of origin or register REX codes under a new decision by the Ministry of Industry and Trade.

Vietnam’s budget revenue rises on FDI, private sector boost in Q1 2025

Strong Q1 growth driven by foreign and private enterprises, while SOE contributions declined.

Provincial merger opens Vietnam’s Central Highlands to maritime growth

The Central Highlands is poised for a transformative leap forward as five inland provinces prepare to merge with coastal neighbors, turning the previously landlocked region into one with direct access to the sea.

Hanoi apartment resale prices fall as secondary market softens

While new listings rise in price, resale units drop by up to 50% as buyers grow cautious.

Land valuation challenges create bottlenecks for businesses

Transactions during "land fever" periods often do not reflect true value as the prices are driven instead by speculation or market psychology, according to Giang Do from Savills Vietnam.

Customers suffer burns, fractures after purchasing insurance in fraud scheme

A group of customers all claimed they had suffered fractures or burns just a few months after their insurance contracts took effect, indicating the possibility of fraud.

LPBank cuts 1,600 staff in Q1 amid record profit surge

Vietnamese bank LPBank has reduced its workforce by 15% in just three months while posting record profits.

Vietnam urged to launch full-scale E10 biofuel program by October 2025

To boost ethanol imports from the United States tenfold to approximately 1 million tons annually (equivalent to $1 billion), the Vietnam Biofuel Association has proposed that the government swiftly implement a nationwide E10 biofuel gasoline program.

Korean investment in Vietnam to exceed $100 billion within 2-3 years

South Korea's investment in Vietnam is expected to exceed USD 100 billion within the next two to three years, up from USD 86.8 billion in 2024, according to Park Bong Kyu, Chairman of the Korea CEO Summit (KCS).

TPBank fined for repeated bond registration violations

The bank must pay over VND 92 million for delays in bond procedures, marked as repeat offenses.

Gold chaos: From 33 million to 118 million VND per tael in 10 years

In just one decade, gold prices in Vietnam have fluctuated dramatically, climbing nearly 85 million VND (about $3,340) per tael, from 33.3 million VND per tael in 2016 to 118 million VND today.

Is rooftop solar power a good choice if electricity bill is VND1 million?

With electricity bills exceeding VND1 million monthly and consumption over 400 kWh, EVN recommends that households consider rooftop solar power to cut costs and ease pressure on the power sector.

Vietnam’s six key cities post-merger hold half of national GDP

Newly merged cities like HCMC and Hanoi will account for nearly 50% of Vietnam's GDP and 62% of its national budget revenue.

Dak Lak and Phu Yen merge: A new province linking mountains and sea

With a major merger underway, residents will soon travel from the Central Highlands to Tuy Hoa’s beaches via key routes like National Highway 29.

Gold hits record high, crowds storm Hanoi’s gold street for limited supply

Gold surged to 118 million VND per tael as hundreds queued in Hanoi’s Tran Nhan Tong Street, causing chaos and stock shortages.

Vietnam expands aircraft import list to seven countries including China

Vietnam now permits the import of aircraft from Canada, Brazil, Russia, the UK, and China, alongside Airbus and Boeing.

Mother accused of killing child to collect insurance amid rising fraud cases

Experts have noted that insurance fraud is spiking. Horrific crimes have been committed just to get insurance benefits