Business

Vietnam should up its infrastructure game to attract more Asian foreign direct investment as the European and U.S. economies continue to struggle, according to experts in the field. As Western multinationals are grappling with challenges from macroeconomics and geopolitical tensions, it may be time for Vietnam to focus its efforts …

English teaching center Apax Leaders could start refunding students’ fees in November and plans to soon reopen facilities in Ho Chi Minh City, Apax Holdings has said. Chairman of Apax Holdings, the parent company, Nguyen Ngoc Thuy, apologized to nearly 200 parents of students at a meeting Wednesday afternoon in …

The Ministry of Information and Communications has announced that it will suspend network providers found distributing pre-activated SIM cards or cards registered under incorrect personal info. The providers need to publish on their websites a list of authorized salespoints, and they must also ensure that their employees only register subscribers …

Several Chinese tour groups arrived in Vietnam Wednesday, the day China resumed outbound tours to the country, including a large one of 124 people. The large group came through the Huu Nghi border gate in Lang Son Province. Earlier that day the first group with 38 people arrived through the …

Though China has started allowing its citizens to travel again to Vietnam, tour companies expect the number of Chinese tourists to remain “modest” amid the global economic slowdown. Nguyen Minh Sang, vice chairman of the Da Nang Travel Association, said there would be no Chinese tour groups to the city …

The World Trade Center Binh Duong New City and the Coex Convention and Exhibition Center signed a strategic agreement on March 9 to organize the “Smart Factory and Automation World 2024”. The World Trade Center Binh Duong New City and Coex sign an MOU. Photo by World Trade Center Binh …

Tay Ho has become an increasingly popular residential area among foreigners in Hanoi as the infrastructure and social amenities continue to flourish alongside a diverse range of convenient services. In Ho Chi Minh City, the areas of Phu My Hung and Thao Dien long ago emerged as cultural melting pots …

Binh Son Refining and Petrochemical, which operates the Dung Quat Oil Refinery, estimated its profit will fall by 89% to VND1.6 trillion ($67.86 million) this year against last year. The profit decline is mainly because its Dung Quat Oil Refinery will stop operation for maintenance for some 50 days. Binh …

Drink makers are lobbying against levying a special consumption tax on sweetened beverages, arguing that they do not contribute to health problems such as obesity. At a workshop held to discuss draft amendments to the Law on Special Consumption Tax on Wednesday, Nguyen Thi Lam, former deputy director of the …

Vietnam’s benchmark VN-Index rose 2.12% to 1062.19 points Wednesday, highest in three weeks, after three days in the red. The index closed 22.06 points higher after losing 12.67 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 2.19% to VND10.68 trillion ($453.02 million). The VN-30 …