Business

Toyota and Hyundai fought closely for the top spot in the auto market last quarter, Ford threatened Kia’s third place and Mitsubishi edged out Mazda from fifth. Overall sales during the quarter plummeted by 25% year-on-year despite slight increases in February and March due to promotions by various brands. The …

Hong Kong Express Airways on Friday launched a direct air route linking Hong Kong with Hanoi. The first flight, coded UO550, landed at Noi Bai International Airport at 09:01 a.m. on the same day. The low-cost airline operates a round-trip flight, using Airbus A320, with the flight time of around …

Ban Mac Village is not only a beautiful, peaceful place to pitch your tent. It is also home to some of Vietnam’s best natural hot springs, which are nestled into rocky mountainside. Ban Mac village is in Trinh Tuong commune, Bat Xat district, 100 km north of the resort town …

SJC gold price gained 0.07% to VND67.2 million ($2,863.84) per tael Friday morning. Gold ring price dropped 0.35% to VND56.7 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices were poised for a second monthly gain on Friday as lingering economic concerns drove investors to …

Vietnam’s benchmark VN-Index rose 0.91% to 1,049.12 points Friday. The index closed 9.49 points higher after losing 1.17 points on Thursday. This was its biggest increase since April 3. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 18.34% to VND10.28 trillion ($438 million). The VN-30 basket, comprising …

Mall operator Parkson Vietnam on Friday filed for bankruptcy in Ho Chi Minh City, ending its 18 years of operations with million-dollar losses. It is not commercially feasible to continue Parkson Vietnam operations, the parent company Parkson Retail Asia said in a statement. Parkson Vietnam has historically operated at a …

India’s third biggest motorbike manufacturer is seeking a license to sell its products in Vietnam. “If things go well, TVS will start selling in either the third or fourth quarter,” a person working for a company that will distribute the Indian company’s vehicles, told VnExpress on condition of anonymity. The …

Vincom Retail targets revenues of VND10.35 trillion (US$441 million) and profits of VND4.68 trillion this year, increases of 41% and 69%. Tran Mai Hoa, its CEO, said at the company’s annual general meeting on Wednesday that the company, which owns 83 shopping malls and plans to build two more, wants …

The U.S. dollar dropped against the Vietnamese dong on the black market Friday morning. Unofficial exchange points sold the dollar at VND23,480, down 0.09% from Thursday. Vietcombank kept the greenback unchanged at VND23,630. The rate at Eximbank remained at VND23,600. Techcombank also kept the dollar stable at VND23,647. The State …

Lottery companies in the south reported sales of VND35 trillion ($1.5 billion) in the first quarter, a 22% year-on-year increase. They paid out total prize money of VND17 trillion. Of the 21 companies, 14 sold 100% of their tickets in provinces like Soc Trang, Ben Tre, Bac Lieu, Tay Ninh, …