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Vietnam Airlines is looking for a consultancy to help it sell a stake in fuel distributing subsidiary Skypec amid the threat delisting from the stock market for making losses. The company said in a statement that consultancies could make their offers until February 8. Skypec, wholly owned by Vietnam Airlines, and Petrolimex Aviation are the two biggest jet fuel distributors in Vietnam. It has total storage capacity including at major seaports and airports and can fuel annually. Before the Covid-19 pandemic broke out Skypec was one of the biggest money spinners for Vietnam Airlines. The airline has been warned   by the Ho Chi Minh Stock Exchange that it would be delisted for posting losses, as of last year, it had an accumulated loss of VND34.2 trillion (US$1.46 billion). Last year the company had to sell a 35% stake in Cambodia Angkor Air for $35 million to increase its equity to avoid delisting.

Occupancy rates for serviced small apartments for rent in HCMC stand at 90-95%, larger ones of 90-110 sqm have been left vacant. Owner of apartment project said occupancy for small apartments had been at 90% since the fourth quarter last year. But he added that while 100% of his one-bedroom apartments were occupied, most of his two- or three-bedroom apartments were vacant. He noted that his smaller apartments often supplied "better living space and more utilities" than larger ones. If keep the big apartments, I will face the risk of making losses in the low season," he said. "So, the best thing to do is to increase the number of small apartments." The owner of a serviced apartment project on Cuu Long Street, Tan Binh District, said apartment occupancy rates were 90-95%, while occupancy rates for small apartments were only 80%. Savills’ latest serviced apartment report said that in HCMC, one- and two-bedroom apartments are popular due to their moderate rents. Th...

Police remove opium poppies from a garden in Son Dong District of Bac Giang Province on February 4, 2023.Police in the northern province of Bac Giang have detained a local man after finding 2,154 opium poppies in his house's garden.  He who lives in Son Dong District, admitted to the police that he started growing those plants last November for his own use, Vietnam News Agency reported.  Police uprooted all the poppies and seized them following an inspection at his house on Saturday. Opium is on the list of forbidden narcotics in Vietnam.

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