Business

Vietnam Airlines and Vietjet Air reported profits again in the first quarter of this year, while Bamboo Airways neared the break-even point, thanks to the Tet travel peak. Analysts said increased international flights due to Vietnam’s Lunar New Year holiday festival (Tet) in late January were the cause of the …

The State Bank of Vietnam has got the green light from the government to sell off four ailing banks that are under “special control.” CBBank, OceanBank, GPBank, and DongA Bank ran into financial difficulties in the past and accumulated large debts and were placed under the control of the central …

SJC gold price rose 0.15% to VND67.25 million ($2,868.10) per tael Thursday morning. Gold ring price surged 0.53% to VND57.25 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices traded near record-high levels on Thursday, as U.S. yields and the dollar dipped after the U.S. …

Unleashing Potential, Embracing Success HONG KONG SAR – Media OutReach – 1 December 2023 – With the aim of nurturing corporate innovation and inspiring elites from diverse industries to uphold the spirit of breakthrough and innovation, BUSINESS INNOVATOR organized the “2023 Most Innovative Solutions Award” to recognize companies and institutions …

Retail spaces in HCMC’s shopping centers have mostly been filled in Q1 while street-front houses continue to stay empty, according to industry insiders. Several reports by commercial real estate market units have shown the occupancy rate of rental space in Ho Chi Minh City’s shopping malls reached over 90% in …

Fuel retail giants Petrolimex and PVOIL reported profits in the first quarter, following positive business results last year. The Vietnam National Petroleum Group (Petrolimex), which accounts for more than half of the country’s retail fuel market, achieved a net profit of nearly VND667 billion (US$28.4 million) in the first three …

With multiple offers including limited-time spending rebates, foreign currency exchange handling fee waiver, and complimentary Thailand data roaming pass HONG KONG SAR – Media OutReach – 1 December 2023 – HKT (SEHK: 6823) Under HKT Payment Limited, the Tap & Go1 mobile wallet is supporting the Hong Kong Monetary Authority’s …

A property brokerage company in Ho Chi Minh City, late April, reported to temporarily close due to prolonged losses and drained cash flows. Minh, the company’s director, told VnExpress that over the past year his firm managed to sell only three properties on the quiet market. He said his company …

When Le Dam Doan moved to Georgia in 2004, she was surprised to learn that “rau muong”, or water spinach, was illegal. “They’re treating water spinach like marijuana,” she said. In three decades Doan and her husband had spent in California and Maryland, they had never lived anywhere they could …

Vietnam’s exports totaled US$108.57 billion in the first four months of this year, a year-on-year decrease of 11.8%, the General Statistics Office announced. Some $96.1 billion, or 88.5% of the turnover, came from processed industrial products. In April alone, exports dropped by 7.3% against March, and by 17.1% against April …