Business

Retail giant Masan Group has secured $650 million in a syndicated loan from a group of lenders to fund future operations. The loan was provided by BNP Paribas, Credit Suisse, HSBC, Standard Chartered Bank, and the United Overseas Bank, in which $375 million have been committed , Masan said in …

Many factories continue to lay off or furlough workers as order books remain anemic and show no signs of recovery. F&P Company, which manufactures electronic components at its plant in the Tan Thuan Export Processing Zone in Ho Chi Minh City’s District 7, will not renew the labor contracts of …

Vietnam is the fifth most popular destination for property investment for wealthy Singaporeans after Australia, India, Hong Kong, and mainland China, according to a new report. Ultra-high-net-worth (UHNWI) individuals, defined as those with a net worth of US$30 million or more, find property prices in Vietnam reasonable compared to other …

Vietnam needs to strengthen its economic diplomacy to attract investments from multinational companies and achieve green transformation and sustainable development, PM Pham Minh Chinh has said. Chairing a Cabinet meeting on Thursday, he said Vietnam has gradually shifted its focus to diplomacy to serve socio-economic recovery and development. Minister of …

The Thai government is targeting six million tourists from Europe this year, around 80% of pre-pandemic levels, as it seeks to extend its 45-day visa-free stay policy until year-end. “I am confident Thailand will remain the top destination in Asia for European markets,” said Yuthasak Supasorn, head of the Tourism …

The Government has asked the finance and industry ministries to consider reducing car registration fee and extend the payment schedule for special consumption taxes on domestically assembled vehicles. The ministries will submit a report on the two newly proposed policies to the Prime Minister before March 20. The request was …

Transport companies are complaining of surging costs incurred by a prolonged time for registering their new or modified vehicles due to a shortage of registration centers. Since early January, Tung Bach Logistics in Hanoi has been struggling to get its 50 trucks registered with the authorities after repair or maintenance …

Ho Chi Minh City is calling on Singapore to invest in several major infrastructure projects worth billions of U.S. dollars, including highways, ring roads and metro lines. At a Thursday meeting on the current business climate and cooperation between Vietnam and Singapore, Ho Chi Minh City’s Investment and Trade Promotion …

The demand for steel remains weak, but producers have increased prices six times so far this year because of increasing input costs. Statistics of the Vietnam Steel Association show that the average steel price at the end of February rose by 5% against the end of 2022, but was still …

Vietnam’s benchmark VN-Index rose 0.65% to a two-week high of 1,055.95 points Thursday in its fourth gaining session. The index closed 6.77 points higher after gaining 11.34 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 26% to VND10.73 trillion ($452.69 million). The VN-30 basket, …