Business

Amid public backlash over the entry fee mandate in Hoi An, its chairman said the ancient town is under pressure from overcrowding and needs a source of revenue for conservation. Nguyen Van Son said Hoi An has charged an entry fee from visitors since 1992, which was required for both …

Australian financial company Acuity Funding has seen the number of investment requests for projects in Vietnam tripling between February and March, showing increased interest in the country. The company received six requests for project funding in February, but saw this figure surge to 20 last month, said Ranjit Thambyrajah, managing …

Vietnam’s benchmark VN-Index fell 0.11% to 1069.71 points Friday, with stock trading dropping by nearly a third. The index closed 1.2 points lower after losing 9.95 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 31.71% to VND10.78 trillion ($459.76 million), lowest in seven sessions. …

Nguyen Thi Phuong Thao, Vietnam’s only female billionaire, has become the chairwoman of budget airline Vietjet. Dinh Viet Phuong, who has been with the company since it was established in 2007, moved up to CEO. Thao, who replaced Nguyen Thanh Ha as chairwoman on Thursday, was the deputy chairwoman and …

VinFast electric car owners in Vietnam can sell their vehicle back to the company after five years for 53-66% of their purchase price, the automaker has said. It applies to VF 5, VF e43, VF 8, and VF 9 vehicles. VinFast will directly buy them back or engage a third …

Ho Chi Minh City (HCMC) authorities say they have sped up the issuing of work permits to foreign workers, but businesses say the process still takes too long. At a conference between businesses and the city administration on Thursday, a member company of the European Chamber of Commerce in Vietnam …

Tech giant FPT plans to make developing software for electric vehicles one of its priorities as they start to gain popularity globally. Chairman Truong Gia Binh said at the company’s annual general meeting Thursday that U.S. company Tesla started a revolution in the auto industry with its electric vehicles and …

Enterprises are calling on the government to loosen fire safety regulations, which they say are unrealistic and a hindrance to doing business. The regulations, which have been tightened after the fire at An Phu karaoke bar in Binh Duong in September 2022 killed 33 people, are too hard to comply …

Weak demand has begun pushing steel prices down after they climbed to a seven-month high in March. Leading steel manufacturer Hoa Phat Group has accordingly lowered its rebar steel price by 0.63% to VND15.89 million ($677.55) per ton. It also brought the price of wire rod steel price down 1.88% …

Vietjet will be the first airline to operate a direct service between Hanoi and Phuket (Thailand) starting this summer. The direct service between will operate one daily return flight from May 19 with around three hours per leg. The flights will take off from Hanoi at 11:35 and land in …