Business

A rash of cancelations during the long holiday break later this month due to high airfares has left hotels in Phu Quoc Island and travel firms in a desperate situation. Three weeks before the five-day holiday for Reunification Day and Labor Day (April 29-May 3), Bui Ang Van, general manager …

Electronics retailer Mobile World has underlined its commitment to Indonesia, saying it sees the same large potential for growth there as in Vietnam a decade ago. Each 400-square-meter Erablue store in Indonesia fetches revenues of VND4.5-5 billion ($191,900-213,200) a month, which in Vietnam would have meant a profit, Doan Van …

CVS Holdings, the operator of GS25 Vietnam retail chain, reported a loss of over VND167 billion (US$7.12 million) for 2022, 9% higher than the previous year. It had over VND400 billion in debts, including a bond issuance worth VND106 billion. GS25 is a South Korean brand that launched in Vietnam …

Vietnamese telecom operators want OTT communications service providers to pay for using their networks, which they use to deliver their services but end up competing with them. Paying for the use would ensure a more fair and sustainable business model for themselves since they invest in setting up and maintaining …

SJC gold price fell 0.22% to VND66.95 ($2,855.74) million per tael Monday morning, lowest since March 30. Gold ring price dropped 0.44% to VND56.3 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices fell about 1% to slip below $2,000 on Monday, after U.S. employment …

The value of textile and garment exports in the first quarter of 2023 reached $7.1 billion, down 17% compared to the same period in 2022, due to the impact of global inflation, according to the General Statistics Office (GSO). This was the deepest decline in the first quarter since 2009, …

Nguyen Van Thu, chairman of G.C Food Company, said the firm would take advantage of trade deals to increase aloe vera exports to South Korea and Japan. Speaking at the company’s annual general meeting on March 7, the man dubbed Mr Aloe Vera, said the target is to capture 15-20% …

Export-import activities via Lao Cai at the China border thrived in the first quarter this year, reaching nearly US$186 million, the local customs agency reported. The value of exports reached $92.4 million, up 90.1% year-on-year while that of imports rose by 15.2% to $93.2 million. Among exports going through Lao …

People from all over Vietnam love different kinds of cha (sausage), and here’s several reasons why. Cha lua – Steamed pork roll Cha lua is also known as gio lua in the north. It is an essential dish served during the Tet holiday and other important occasions, including weddings, death …

The number of international tourists arriving in Vietnam by sea in January-March period reached over 33,000, up 936 times year-on-year as the country witnessed an influx of luxury cruise ships. In March alone, the number of tourists arriving by cruise ships was up 2.8 times from the previous month, according …