Business

Vietnam’s biggest property developer Vinhomes will start selling two social housing projects this year in the central region. Construction of the two projects under the brand Happy Home in Thanh Hoa and Quang Tri Provinces began in July last year, Vinhomes chairman Pham Thieu Hoa said at the company’s annual …

Carmaker VinFast is set to receive a $2.5 billion cash pump from its parent company Vingroup and from billionaire Pham Nhat Vuong’s own pocket. Vuong, the richest man in Vietnam and chairman of Vingroup, will give $1 billion while Vingroup is set to give it $500 million. Vingroup will also …

Vietjet’s business strategy is not to steal customers from other airlines, but be a pioneer in establishing new routes and finding new opportunities, according to chairwoman Nguyen Thi Phuong Thao. The airline has been pioneering in forming new routes to India, Australia and Kazakhstan, said Thao at the company’s annual …

A motorcycle taxi driver in Thailand’s tourist hub Pattaya returned a forgotten wallet with about $400 in cash to an American tourist on Wednesday. The female driver gave the black wallet to local police after discovering it on the ground of an alley, Pattaya News reported. She said she had …

Dam Sen Water Park in HCMC reported a first quarter profit of VND20 billion ($851,900), 2.3 times its earnings a year earlier and marking a return to pre-Covid levels. Its revenues were up 82% to VND54 billion as the number of visitors too doubled to 290,000, or 3,200 a day. …

The HCMC Department of Tourism stopped receiving new registration Wednesday for a tour of 110-year-old People’s Committee office building after bookings exceeded expectations. After five days of registrations, 1,440 visitors booked the tour visiting the seat of government, the department said. “To better serve visitors, the department will not receive …

Dam Sen Water Park in HCMC reported a first quarter profit of VND20 billion ($851,900), 2.3 times its earnings a year earlier and marking a return to pre-Covid levels. Its revenues were up 82% to VND54 billion as the number of visitors too doubled to 290,000, or 3,200 a day. …

Though most accusations of fraud against Manulife Vietnam are unfounded, it would review all complaints and offer solutions to customers, including lowering premiums, its chairman, Sachin Shah, has said. All customers complaining about Manulife to authorities would be approached for further discussions, he said at a press briefing Wednesday. “We …

HDBank is expecting to achieve pre-tax profits of VND13.2 trillion (US$562 million) in 2023 by stabilizing its liquidity, managing interest rates and digitizing. The target is equivalent to a 29% increase over last year’s profits. Profit after tax is also expected to rise by 29% to VND10.56 trillion. The targets …

State-owned gold producer SJC targets to bring revenue to a nine-year-high of VND30.4 trillion ($1.29 billion) this year. The company plans to reach a profit of nearly VND57 billion and sell over 36,000 taels of gold. SJC also plans to expand to Southeast Asia this year and to partner with …