Business

Vincom Retail targets revenues of VND10.35 trillion (US$441 million) and profits of VND4.68 trillion this year, increases of 41% and 69%. Tran Mai Hoa, its CEO, said at the company’s annual general meeting on Wednesday that the company, which owns 83 shopping malls and plans to build two more, wants …

The U.S. dollar dropped against the Vietnamese dong on the black market Friday morning. Unofficial exchange points sold the dollar at VND23,480, down 0.09% from Thursday. Vietcombank kept the greenback unchanged at VND23,630. The rate at Eximbank remained at VND23,600. Techcombank also kept the dollar stable at VND23,647. The State …

Lottery companies in the south reported sales of VND35 trillion ($1.5 billion) in the first quarter, a 22% year-on-year increase. They paid out total prize money of VND17 trillion. Of the 21 companies, 14 sold 100% of their tickets in provinces like Soc Trang, Ben Tre, Bac Lieu, Tay Ninh, …

Mercedes distributor Haxaco reported a 92% year-on-year fall in pre-tax profits in the first quarter to VND5.6 billion ($238,750). Amid an industry-wide decline in sales, Haxaco’s revenues plummeted by 40% to VND992 billion. High interest rates and the difficult economic situation caused sales of the luxury brand to drop, the …

Brewer Sabeco said its after-tax profit rose by 40% last year to VND5.5 trillion. Vietnam’s biggest brewer had net revenues of VND34.98 trillion, an increase of 32% from 2021. These are significant achievements compared to the 2021 results. The 2022 profit figure was the highest in the history of the …

Thai immigration officials said they have arrested six Chinese, including five men and one woman for illegally working at a factory in Chon Buri Province while on tourist visas. The arrests came on Thursday after police raided the factory in Ban Bung District, around 70 kilometers from Bangkok, after receiving …

Investment from SUSI Partners will allow Asia Clean Capital Vietnam to help multinational and leading domestic companies decarbonize their energy supply. Asia Clean Capital Vietnam, a leading international clean energy solutions developer in Asia launched by the founders of Asia Clean Capital, has received an investment from SUSI Partners’ Asia …

Many foreigners were enchanted by the beauty of Vietnam’s natural landscapes and transformation in urban cities after watching the new Netflix film “A Tourist’s Guide to Love.” American Jennifer Doan, producer of Fox 10 Phoenix’s Arizona Morning program, said that she had been to Vietnam three times between 2002 and …

The Lao Government has decided to raise the monthly minimum wage from LAK1.2 million (nearly US$70) to LAK1.3 million starting on May 1 to ease difficulties facing workers amid soaring inflation and economic uncertainties. The decision was made at the Lao Government’s meeting held on April 25 – 26 under …

Vietravel Airlines is expecting to expand its fleet to six by adding three more aircraft in the third quarter following a plan set out from the early days of its establishment. The move in associatation with a recruitment programme slated for May in Ho Chi Minh City aims to help …