Business

Foreign tourists arriving in Thailand by air will have to pay a fee of 300 baht (US$9) while those entering the country via water and land transport will be charged 150 baht each. The new entry fees will be effective from June after the Thai Cabinet approved the charges on …

The U.S. dollar went up against the Vietnamese dong Wednesday morning at most banks. Vietcombank sold the dollar at VND23,790 Wednesday, up 0.08% from Tuesday. Eximbank raised the greenback up 0.13% to VND23,780. The rate at Techcombank was VND23,785, up 0.04%. The State Bank of Vietnam raised its reference rate …

Foreign startups are eyeing Vietnam as one of their main markets thanks to the country’s large and young population, low costs and cheap and abundant labor force abundant. Vietnam has been among the top markets in terms of revenue for Singapore’s insurance startup Igloo ever since the company was launched …

The Hoa Binh Construction Group’s board of directors has accepted the resignation of independent member Nguyen Cong Phu. A resolution approving his resignation was posted on the company’s website on Tuesday, and it says it will be formally approved at the company’s next annual general meeting. He had a running …

Property developer FLC has pleaded force majeure for its failure to meet disclosure requirements and asked for its shares to be relisted on the Ho Chi Minh Stock Exchange. It told the country’s main bourse that it has been facing challenges and risks since its key leaders were arrested for …

American magazine Travel+Leisure has named UNESCO heritage site Ha Long Bay in northern Vietnam one of Asia’s most stunning places to watch sunrise and sunset. “UNESCO World Heritage site Ha Long Bay, with more than 2,000 limestone islands, is a tourism mecca in Asia, and deservedly so,” said the magazine. …

Corporate bonds worth VND273 trillion (US$11.57 billion) are set to mature this year, mainly in the second and third quarters, VNDirect Securities Corporation said. The redemption values are VND30.6 trillion in the first quarter, VND93.14 trillion in the second, VND89.5 trillion in the third, and VND60 trillion in the fourth. …

Low demand has driven iPhone 14 prices in Vietnam to the second lowest levels in the world after only the U.S. According to German data portal Statista, the price starts at US$799 in the U.S. while authorized Apple resellers in Vietnam are selling it at VND19.7 million ($834.7). “[The iPhone …

Unilever will continue to invest in Vietnam, where it has its two plants, its CEO, Alan Jope, who is currently visiting HCMC, has said. The UK-based consumer goods company would invest not only in production but also development of brands and people, he noted. Since most of the company’s output …

Vietnam’s benchmark VN-Index dropped 0.48% to 1,038.64 points Tuesday, the lowest since December 30. The index closed 5.06 points lower after losing 11.6 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 35.72% to VND6.72 trillion ($284.63 million). The VN-30 basket, comprising the 30 largest …