Masan’s performance remained resilient with strong momentum, according to its unaudited management accounts for the first quarter released Friday. The CrownX (TCX), Masan’s integrated consumer-retail platform that consolidates WinCommerce (WCM) and Masan Consumer Holdings (MCH), recorded a slight top-line decline in a challenging macro environment. This also weakened consumer sentiment, …
Read More »Exclusive fine dining and visual spectacle experience on Ha Long coast
Featuring exquisite fine dining, a musical feast for the ears, and an exclusive visual spectacle show, Paradise Delight will take you on a 5-star voyage across Ha Long coast. Stretching a full 80 meters, Paradise Delight is one of the largest dining cruises on the bay, with a capacity of …
Read More »PM tells banks to lower interest rates
Prime Minister Pham Minh Chinh has called on public banks to reduce deposit and lending interest rates to enhance businesses’ access to credit. At a recent meeting attended by officials from the government and state-owned banks, he said the public banks account for a large proportion of credit in the …
Read More »Toyota, Hyundai battle for top spot in compact car segment
Toyota and Hyundai fought closely for the top spot in the auto market last quarter, Ford threatened Kia’s third place and Mitsubishi edged out Mazda from fifth. Overall sales during the quarter plummeted by 25% year-on-year despite slight increases in February and March due to promotions by various brands. The …
Read More »Hong Kong Express Airways opens direct route to Hanoi
Hong Kong Express Airways on Friday launched a direct air route linking Hong Kong with Hanoi. The first flight, coded UO550, landed at Noi Bai International Airport at 09:01 a.m. on the same day. The low-cost airline operates a round-trip flight, using Airbus A320, with the flight time of around …
Read More »Camping at natural hot springs in northern Vietnam
Ban Mac Village is not only a beautiful, peaceful place to pitch your tent. It is also home to some of Vietnam’s best natural hot springs, which are nestled into rocky mountainside. Ban Mac village is in Trinh Tuong commune, Bat Xat district, 100 km north of the resort town …
Read More »Gold edges up
SJC gold price gained 0.07% to VND67.2 million ($2,863.84) per tael Friday morning. Gold ring price dropped 0.35% to VND56.7 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices were poised for a second monthly gain on Friday as lingering economic concerns drove investors to …
Read More »VN-Index posts biggest gain in 4 weeks
Vietnam’s benchmark VN-Index rose 0.91% to 1,049.12 points Friday. The index closed 9.49 points higher after losing 1.17 points on Thursday. This was its biggest increase since April 3. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 18.34% to VND10.28 trillion ($438 million). The VN-30 basket, comprising …
Read More »Parkson Vietnam files for bankruptcy
Mall operator Parkson Vietnam on Friday filed for bankruptcy in Ho Chi Minh City, ending its 18 years of operations with million-dollar losses. It is not commercially feasible to continue Parkson Vietnam operations, the parent company Parkson Retail Asia said in a statement. Parkson Vietnam has historically operated at a …
Read More »India’s 3rd biggest motorbike manufacturer gears up for Vietnam
India’s third biggest motorbike manufacturer is seeking a license to sell its products in Vietnam. “If things go well, TVS will start selling in either the third or fourth quarter,” a person working for a company that will distribute the Indian company’s vehicles, told VnExpress on condition of anonymity. The …
Read More »