Business

Over 20 banks posted a new profit record last year as the banking sector gained over VND265 trillion ($11.5 billion) in profits thanks to strong credit growth and reduced provisioning. The seven biggest lenders in terms of pre-tax profit were Vietcombank, Techcombank, BIDV, MB, VPBank, VietinBank and Agribank, each of …

Police in Thailand’s famous tourist hub Phuket late last week arrested a Russian man for illegally working as a tour guide, an occupation strictly prohibited for foreigners in the Southeast Asian country. The arrest came after police received a tip-off from locals that a foreign man acting as a tour …

SJC gold price continued to rise 0.07% to VND67.4 million ($2,854.73) per tael Monday morning. Gold ring price was steady at VND54.75 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally, gold prices edged down on Monday as the dollar firmed, while investors awaited this week’s U.S. …

The government has set an economic growth target of 9% a year from now until 2030 for the Red River Delta, which includes Hanoi. It is 1.06 percentage points higher than the average rate in 2005-20, Minister of Planning and Investment Nguyen Chi Dung said at a conference Sunday. Industry …

Ban Gioc Waterfalls in Cao Bang Province on the border with China has been named among the world’s most Instagrammable international borders by the South China Morning Post. Ban Gioc along the Quay Son River that forms a natural border between Vietnam and China is 53 meters high and 300 …

It is his mission to turn the Samsung R&D Centerin Hanoi into the Korean company’s top global research and development center, its Vietnam chief, Choi Joo Ho, has said. “The first mission is to expand its research activities and enhance expertise,” the head of Samsung Vietnam Complex said at a …

It is his mission to turn the Samsung R&D Centerin Hanoi into the Korean company’s top global research and development center, its Vietnam chief, Choi Joo Ho, has said. “The first mission is to expand its research activities and enhance expertise,” the head of Samsung Vietnam Complex said at a …

Ho Chi Minh City is one of the world’s top 10 destinations for remote workers thanks to its affordable cost of living, according to community site Digital Nomads. In Vietnam’s southern metropolis, the average monthly cost of living as $950 and the average internet speed as 20 Mbps, the site …

Power generation will be hit this year if coal supply is interrupted, Vietnam Electricity has warned. It is expected that coal demand would increase this year with the commissioning of the Thai Binh 2 Thermal Power Plant in the namesake northern province, EVN recently informed the Ministry of Industry and …

The price of durian jumped to a record high last month, while those of other fruits tripled their values from a year earlier as China’s reopening caused their exports to surge. China’s economy started to reopen on January 8 after 3 years of Covid isolation. Since then, the wholesale price …