Business

The wedding of Chinese actor Shawn Dou and Laurinda Ho, daughter of late Macau casino tycoon Stanley Ho, is being held at the Six Senses Uluwatu Resort in Indonesia’s Bali on Tuesday. In preparation for the wedding, 180 rooms in the resort have been fully booked, according to HK01 newspaper. …

A Ministry of Finance unit has demanded insurance companies review their services after a series of fraud accusations. Representatives of the Department of Insurance Management and Supervision on Monday ordered insurance firms to be transparent about their services when consulting customers. “Insurers need to ensure customers know what they are …

The government has green-lighted a cut in value-added tax from 10% to 8% for the rest of this year, and will present it to lawmakers for approval. The Ministry of Finance, which made the proposal, has been tasked with presenting it to the National Assembly Standing Committee and getting it …

Masan High-Tech Materials Corporation (MHT) and EQ Resources Limited (EQR) has signed an MOU to work together in tungsten exploration, mining, assessing new project opportunities, and new product applications. The MOU is augmented by an existing long-term offtake agreement between Cronimet Group and MHT, a subsidiary of Masan Group, which …

Vietnam has set a target of increasing its green economy’s contribution to GDP from $6.7 billion in 2020 to $300 billion by 2050, Minister of Planning and Investment Nguyen Chi Dung has said. Speaking at a conference “Promoting green growth in Vietnam: Roadmap to Success” held in Hanoi on April …

The U.S. dollar shot up against the Vietnamese dong Tuesday morning to the highest in four weeks. Vietcombank sold the dollar at VND23,700, up 0.17% from Monday. The rate has now climbed back to the level on March 21. Eximbank sold the greenback at VND23,660, up 0.08%. Techcombank raised its …

Industrial producers are struggling to keep operations going as losses mount due to plunging orders and push many close to bankruptcy. Pham Thi Oanh’s footwear factory in HCMC’s Thu Duc City has seen revenues plummet by 60% year-on-year as of mid-April and losses are running into billions of dong (VND1 …

Almost all Long Chau Pharmacy stores have achieved monthly sales of VND550 million (US$23,450) and broken even within six months of opening, its general director has said. “That is exactly what we were after,” Nguyen Bach Diep said at the annual general meeting of FPT Digital Retail Joint Stock Company, …

Vietnam Airlines plans to launch two new routes from Hanoi and HCMC to Mumbai from May 20 to tap into what has been one of Vietnam’s fastest-recovering tourism markets post-pandemic. The national flag carrier will operate four weekly flights on the Hanoi-Mumbai route every Tuesday, Thursday, Saturday and Sunday, and …

Thailand, Indonesia, Singapore and Malaysia have reported spikes in daily Covid infections as traditional Southeast Asian holiday celebrations herald the newest wave of the pandemic to hit the region. Thailand’s Department of Disease Control on Sunday predicted the Covid-19 caseload would continue to rise during the lead up to the …