Business

One of the best ways to beat the heat in Saigon is to indulge in ice-cold sweet summer beverages. Here are some of the southern metropolis’ best ways to cool down. Nuoc sam – Herbal tea Herbal tea is a popular drink that can be easily found in Saigon. This …

China has extended its trading hours at border gates with Vietnam by one hour to 7 p.m. every day to reduce the congestion of container trucks carrying Vietnamese fruit. As of Friday there were nearly 150 trucks waiting to cross the border at Huu Nghi border gate. Over 80% of …

Japan’s Chiba City has recalled 640 units of soy milk made by a Vietnamese company after finding coliform bacteria in the containers, although the manufacturer assured that the production was up to par. Japan’s Ministry of Health, Labor and Welfare on March 27 said that a testing center had found …

U.S. magazine Forbes has named Ninh Binh, where Hollywood movie ‘Kong: Skull Island’ was filmed in 2016, one of 23 best places to travel this year. “It’s rising in popularity on social media, so it won’t stay a hidden gem for too long. Go while it still offers a very …

Investment in Vietnamese startups reached $634 million in 2022, down 56% over the previous year due to the impact of global economic fluctuations. This investment was directed to startups through 134 deals, according to the Vietnam Innovation and Technology Investment 2023 Report, published Thursday by Do Ventures, a venture fund, …

The government’s proposal to ease via restrictions will create “a strong boost” for the tourism industry and the entire economy if approved by the National Assembly next May, according to tourism insiders. The government said it would propose to the National Assembly, Vietnam’s highest legislative body, that it extend the …

Vietnam is one of the five most popular tourist destinations for American tourists this summer along with Japan, New Zealand, France, and Italy, U.S. travel booking site Expedia said. “Cities like Hanoi have seen a search and booking rate increase of up to 298%, Da Nang 439%, and Ho Chi …

Vietnam Electricity made a loss of over VND36.29 trillion ($1.55 billion) in 2022 due to rising costs, the Ministry of Industry and Trade has said. The state-owned power manager and distributor’s financial performance is an important yardstick for the government in deciding whether to hike electricity tariffs this year. It …

Banking credit growth was just 2.06% year-on-year in the first quarter of this year partly because businesses faced difficulties and had no need to borrow, according to the central bank. “Credit demand has gone down in some areas partly because enterprises lacked orders and production was stagnant,” Dao Minh Tu, …

Instant noodle producer Colusa-Miliket, best known for its Miliket brand, reported record revenues of VND631 billion (US$26.7 million) for 2022 following a 10% rise. It declared its results for last year showing net profits were up 50% from 2021 at VND21 billion, but lower than in the pre-pandemic period. Over …