Business

Many garment enterprises only have orders for until April, whereas at this time last year they already had enough to keep them busy for at least two quarters. The production manager at a textile enterprise in HCMC’s Thu Duc City said last year his company had to pick and choose …

South Korea auto manufacturer SsangYong is set to return to the Vietnam market under the name KG Mobility with sales set to begin next year. KG Mobility has recently signed a deal with its Vietnamese partner Kim Long Motor to export completely-knocked-down (CKD) cars to Vietnam, according to Yonhap News …

As the only Southeast Asian country to sign a free trade agreement with the Eurasian Economic Union (EAEU), Vietnam is Russia’s leading business partner in the area, Russia’s Deputy PM Dmitry Chernyshenko said. Trade between Vietnam and Russia has been facilitated by the Vietnam-EAEU FTA that took effect in October …

Vietnam’s benchmark VN-Index dropped 0.92% to 1,070.91 points Thursday. The index closed 9.95 points lower after gaining 2.41 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 22.72% to VND15.79 trillion ($673.29 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 22 tickers …

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March. According to the Vietnam Bond Market Association (VBMA) that collected data from the Hanoi Stock Exchange (HNX) and the State Securities Commission of …

Vietnam’s biggest mattress retailer Vua Nem posted a loss of over VND54 billion ($2.30 million) last year after just turning to the black in 2021. The company did not release its revenue figures, but had earlier said that revenues had increased by 128% last year thanks to an expansion in …

Xbox Game Pass is part of Microsoft’s commitment through 40 years in the gaming industry to provide gaming experience for everyone. Xbox Game Pass by Microsoft offers unlimited access to a library of over 100 high-quality games, and Xbox Game, a studio that supports game creators. With three billion players …

Durian was the fastest-growing export to China among fruits in the first two months of this year, rising by 291% year-on-year to US$56.9 million. Besides, it accounted for 83% of fruit exports to that country, according to a report by the Agency of Foreign Trade under the Ministry of Industry …

Helicopter tours across Vietnam will be suspended until further notice after a copter crashed near Ha Long Bay on Wednesday, leaving four people dead and one missing. Dinh Viet Thang, head of the Civil Aviation Authority of Vietnam (CAAV), confirmed the suspension with VnExpress on Thursday. The move came after …

Hoi An authorities’ decision to collect entry fees from visitors from mid-May has sparked an outcry from foreign tourists and local business owners. On Monday they announced fees of VND120,000 (US$5.11) for foreigners and VND80,000 ($3.41) for Vietnamese, with the money to be used to improve infrastructure, restore downgraded relics …