Business

Vietnam is a favorite destination for South Korean and Japanese tourists, but their awareness about Vietnam is still quite low, a survey shows. Only 18% of South Koreans said that they were confident in their knowledge about Vietnam, while 62% of Japanese and 63% of Taiwanese said they knew a …

CGV Vietnam, the biggest cinema chain in Vietnam, reported an operating profit of more than KRW10 billion ($7.8 million) last year, half of the figure for 2019, before the Covid-19 pandemic. CGV Vietnam recorded a revenue of nearly KRW150 billion ($116.8 million) in 2022. CGV Vietnam, the biggest cinema chain …

Japanese seafood producer Yamanaka wants to partner with Vietnam agencies to raise oysters locally for both domestic and international markets. A feasibility research conducted by Yamanaka in the central province of Khanh Hoa since June last year, with the support of the Japan International Cooperation Agency (JICA), found that raising …

The Ministry of Construction has proposed that the National Assembly and the Government set aside a credit package of VND110 trillion (US$4.66 billion) for the development of social housing. The proposal, in a document prepared by the ministry for a conference on promoting the development of the real estate market …

China has granted Vietnam only a 10th of the production unit codes for agricultural produce that it has given Thailand. Speaking at an online forum on promoting agricultural trade with China Tuesday, Dang Phuc Nguyen, general secretary of the Vietnam Fruit Association, said it took Vietnamese dragon fruit six or …

Vietnam Electricity (EVN) is facing unprecedented challenges due to surging input costs, Minister of Industry and Trade Nguyen Hong Dien said at a meeting Wednesday. The national utility estimates that its combined loss for 2022 and 2023 could exceed VND93 trillion ($3.94 billion). There is a concern that the company …

Authorities in Hanoi’s downtown Hoan Kiem District has slapped a fine of VND2 million ($85) on a shoeblack for trying to coerce a foreign tourist to have his shoes shined. The 36-year-old man admitted to local police that he actively shined the shoes of a foreign man while he was …

Vietnam is rising as a key manufacturing hub for Japanese companies looking to diversify their production in Southeast Asia. Manufacturers have invested in advanced equipment and other sectors in Vietnam due in part to Japanese government subsidies to help companies exit China and to diversify production across Southeast Asia, Matsumoto …

Vietnam’s benchmark VN-Index rose 0.92% to 1048.2 points Wednesday, ending a four-session losing streak. The index closed 9.56 points higher after losing 5.06 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 46.71% to VND9.86 trillion ($417.31 million). The VN-30 basket, comprising the 30 largest …

Unable to collect receivables from cash-strapped property developers, more and more construction companies are cutting their payroll or even shutting down. Even construction businesses in niche markets such as landscaping and auxiliary equipment for property projects are struggling with cash flows. Since December 2022 a company in HCMC’s District 3 …