Business

Bamboo Airways plans to make a rights issue of shares to increase its capital by 54%, or nearly VND10 trillion (US$425.44 million), to fund operations and pay off debts. It will offer 35 new shares for every 100 held and the issuance will be made this year. It currently has …

With car imports from Southeast Asia soaring in the last five years, the government is worried the country will be flooded with imported vehicles at the cost of the local auto industry. Last year 440,000 cars were manufactured in Vietnam and 176,590 were imported. But imports from the Association of …

Vietnamese lime has been likened to “green gold” in New Zealand because of its relatively high selling price, New Zealand Ambassador to Vietnam Tredene Dobson. Because lime cannot be grown in New Zealand, one kilogram of the citrus in the country usually costs more than NZD50 (US$31.17 or VND700,000). Vietnamese …

Dr Chen, a professor at Appalachian State University and a member of Project Management Institute U.S., said the age of data requires businesses to identify useful and reliable data. In an interview with HEC Liege University Vietnam, he said: “How will you be able to know which data is useful …

The global minimum corporate tax rate of 15%, which is set to be applied next year in Vietnam, will likely make the country less attractive in drawing in foreign direct investment. The 15% tax on profits, which was approved by 136 countries in 2021, is considered the deepest overhaul of …

Authorities in Hanoi are expected to allow tour boats to resume operations on West Lake, the capital’s largest freshwater body, to boost tourism. As a popular tourist attraction in Hanoi, West Lake used to be home to tour boats, floating restaurants, and other tourist boat services. In 2016, Hanoi People’s …

A Vietnamese woman has returned VND4.5 million ($190) to an Armenian tourist who lost it on Tuesday while visiting Hanoi’s Old Quarter. Stella Amirkhanyan found she had lost the money while she was visiting a money exchange shop in preparation for her trip to Indonesia. She then drove her motorbike …

Foreign experts say that restrictive visa policy and poor quality of tourism services are the biggest obstacles stopping foreign tourists from returning to Vietnam. Martin Koerner, chairman of EuroCham Vietnam’s Tourism and Hospitality Sector Committee, told at a tourism conference Wednesday that Vietnam’s visa policy remains complicated and restrictive compared …

Vietnam’s benchmark VN-Index rose 0.44% to 1,045.1 points Thursday, its third consecutive day in the green. The index closed 4.56 points higher after gaining 8.11 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 9.93% to VND7.79 trillion ($331.49 million). The VN-30 basket, comprising the …

Foreign investors can buy up to a 28% stake in PGBank when its largest shareholder Petrolimex divests from the lender. PGBank temporarily capped its foreign ownership of 2% to support fuel distributor Petrolimex in finding buyers. After Petrolimex completes the procedures to sell its stake in PGBank, the bank will …