Business

Major taxi operator Vinasun reported a 57.8% year-on-year decline in second quarter profits to VND16.9 billion (US$668,000), the lowest figure since 2022. Revenues slid 16% to VND253 billion, it reported, the fourth straight quarter of decline. Its non-operating income fell to VND3.7 billion from VND12.3 billion a year ago due …

Nike’s new ad for the 2024 Paris Olympics, featuring an Asian table tennis player licking her paddle, has sparked controversy among Chinese social media users. A scene in sportswear brand Nike’s commercial video for this year’s Olympics features an Asian table tennis player licking her paddle. Photo from Nike’s YouTube …

Over the past six months of this year, the province’s footwear exports topped over $2.2 billion, up 8.2 per cent year-on-year. Many footwear producers in the province have won orders from many international brands such as Nike, Adidas, Reebok and Puma. Workers at a footwear factory in Đồng Nai Province. — …

Cam Ranh is in a strategic location in terms of national defence and security and will be connected to an airport urban area in plans for the development orientation of Khánh Hoà through to 2030.   A corner of Cam Ranh. Cam Ranh City will be developed into an economic, cultural, educational, …

Foreign developers are flocking to Binh Duong Province next to HCMC to invest in the affordable housing segment as it has ample lands and competitive costs. Affordable housing refers to properties priced at around VND40 million (US$1,580) per square meter in HCMC and VND25-35 million per square meter in nearby …

Conglomerate Masan Group posted VND946 billion ($38 million) post-tax profit in the second quarter, up 2.2 times year-on-year. The jump in profits was driven by improvements across its main businesses and a reduction in debts, it said in a press release. Its revenues rose 8.2% to VND20.1 trillion, with key …

Prosecutors have sought a prison sentence of 24-26 years for FLC chairman Trinh Van Quyet for appropriating money through fraud and stock manipulation. They recommended 19-20 years for the former charge and 5-6 years for the latter at the People’s Court of Hanoi Friday. They wanted the court to put …

Possessing the longest coastline in Southeast Asia, the country also has the largest number of islands in the world and is famous for its sacred temples and unique culture.

A Chinese tourist was fined S$12,000 (US$9,000) for operating a drone illegally to take aerial shots of Marina Bay in Singapore, violating the island nation’s law. Zhong Zhensheng, 68, pleaded guilty to three offenses under Singapore’s Air Navigation Act at a court on Thursday, The Straits Times reported. He and …

The Arc in London’s Fintech District Celebrates Strong Asian Connections as It Opens Its Doors The Arc is a new eco-friendly mixed-use development in Shoreditch, London, featuring extensive health and wellbeing credentials and amenities, 150,000 sq. ft office space and landscaped roof top gardens LONDON, UK – Media OutReach Newswire …