Business

Three foreign groups unveiled plans to pour $3.7 billion into Vietnam at a meeting with Prime Minister Pham Minh Chinh in Hanoi Saturday, according to the Ministry of Planning and Investment. A group from South Korea is to invest $1.6 billion in heavy industry and logistics production; a German investor …

Prime Minister Pham Minh Chinh held a working session with the State Bank of Vietnam Saturday to review and step up the issuance of two important circulars related to the finance-banking sector. Discussing the draft circular on debt restructuring and rescheduling, and keeping debt groups unchanged, PM Chinh asked the …

An air route connecting Quang Ninh Province, home to Ha Long Bay, with the Mekong Delta city of Can Tho will open April 25. The three Vietjet Air flights per week are scheduled for Tuesday, Thursday and Saturday. The Van Don (Quang Ninh) to Tra Noc flight will depart at …

The Malaysian government has announced it plans to relax requirements of its 10-year visa program following a 90% drop in the number of applicants. The application process for the Malaysia My Second Home (MM2H) program “will be made more flexible,” Malaysian tourism, arts and culture minister Tiong King Sing said …

Brunch is more than just a meal, it’s a way to enjoy the best of both worlds: breakfast and lunch. Let us show you some of the Saigon’s top brunch places with yummy morning treats. Cafe Marcel If you are looking for a brunch spot in Saigon that offers breakfast …

The government will provide solutions and support to help investors and new projects if the proposed global minimum tax is applied. The global minimum tax was agreed upon by G7 member states in June 2021 to prevent multinational corporation tax-evasion. However, Vietnam analysts worry the additional taxation would deter in …

Cambodia’s Prime Minister Hun Sen called to ban water guns after a foreign tourist suffered an eye injury during last week’s Khmer New Year festivities. “I saw on social media that one foreigner was injured by water guns during the Khmer New Year. Don’t play this game,” he said. “Water …

Businesses find the cost of meeting new fire safety standards exceed that of building a new factory since many of the prescribed materials have to be imported. Tran Van Hung, the chairman of Tan Thanh Container Corp, which manufactures, sells and leases containers, said the cost of building a new …

The HCMC Lottery Company targets annual growth of 8% in 2021-25, and eyes revenues of VND12.2 trillion (US$519 million) and profits of VND1.6 trillion at the end of the period. Besides financial targets, the company also plans to innovate ticket printing technology, improve its products and expand the market for …

VinFast, an electric vehicle maker of Vietnamese conglomerate Vingroup, handed over the first VF 5 Plus cars to customers on Friday. As the most economical model in VinFast’s lineup, with price of VND458 million ($19,500), VinFast VF 5 Plus aims to rapidly increase the popularity of smart electric vehicles (EVs) …