Business

Authorities in Thua Thien-Hue Province, home to popular tourist town Hue, plan to allow in foreign tourists with a vaccine passport starting later this month. The province people’s committee has approved a trial three-phase vaccine passport program for tourists from Europe, the U.S., Northeast and Southeast Asia, and Australia, which …

Conglomerate Masan said it was considering launching an international initial public offering for its consumer retail unit The CrownX in 2023-2024 after raising a further $350 million from a consortium of investors. The consortium of investors comprised private equity firm TPG, Platinum Orchid, a wholly owned subsidiary of the Abu …

Vingroup has started construction of a VND4 trillion ($174.14 million) car battery plant in the central province of Ha Tinh. VinES, located in the Vung Ang Economic Zone, will have a capacity of 100,000 battery packs a year in the first phase of and one million in the second. The …

“Only a miracle can save me now,” says Hoang Nam, who has seen his investment go down by 34 percent in two weeks. Nam bought stocks of seafood producer International Development & Investment Corp at the end of November after they surged nearly 250 percent that month. But on the …

November saw the highest monthly auto sales this year of 38,656 units as a discount in registration fees sent buyers scrambling to dealers’. The figure represented a 30 percent rise from October and 6 percent increase year-on-year, according to the Vietnam Automobile Manufacturers Association. The government cut registration fees for …

The image of a bowl of Vietnam’s iconic rice noodle soup with ingredients served alongside has appeared on Google’s homepage in 17 countries, marking the “Day of Pho.” With Vietnam designating December 12 as the “Day of Pho” to celebrate its national dish – an aromatic soup brimming with savory …

Vietnam’s agriculture exports is taking a hit as China maintains a very strict inspections regime at northern border gates as a Covid-19 prevention measure. As of Friday, as many as 4,000 container trucks were stranded at the border gates in Lang Son Province, said Le Thanh Hoa, deputy head of …

Vietnamese abroad are set to send home over $18.06 billion this year, a new record, making the country the eighth biggest remittances beneficiary globally. The value is set to rise 5 percent from last year to account for 4.9 percent of Vietnam’s GDP, according to a report by World Bank …

A Japanese bank is expected to spend $170 million to acquire 7.5 percent of M-Service, which operates Vietnamese e-wallet app Momo. Mizuho Bank would acquire the stake by the end of this year to leverage the Vietnamese smartphone payment company’s retail business, Nikkei Asia reported. Mizuho wants to tap into …

Vietnam imported 8,900 tons of Canadian beef worth $57.9 million between January and October, according to the General Department of Vietnam Customs. These figures represent 2.8 times and 3.8 times the quantity and value in the same period last year. Canadian beef import turnover will increase sharply in the coming …