Business

Enterprises are calling on the government to loosen fire safety regulations, which they say are unrealistic and a hindrance to doing business. The regulations, which have been tightened after the fire at An Phu karaoke bar in Binh Duong in September 2022 killed 33 people, are too hard to comply …

Weak demand has begun pushing steel prices down after they climbed to a seven-month high in March. Leading steel manufacturer Hoa Phat Group has accordingly lowered its rebar steel price by 0.63% to VND15.89 million ($677.55) per ton. It also brought the price of wire rod steel price down 1.88% …

Vietjet will be the first airline to operate a direct service between Hanoi and Phuket (Thailand) starting this summer. The direct service between will operate one daily return flight from May 19 with around three hours per leg. The flights will take off from Hanoi at 11:35 and land in …

Many garment enterprises only have orders for until April, whereas at this time last year they already had enough to keep them busy for at least two quarters. The production manager at a textile enterprise in HCMC’s Thu Duc City said last year his company had to pick and choose …

South Korea auto manufacturer SsangYong is set to return to the Vietnam market under the name KG Mobility with sales set to begin next year. KG Mobility has recently signed a deal with its Vietnamese partner Kim Long Motor to export completely-knocked-down (CKD) cars to Vietnam, according to Yonhap News …

As the only Southeast Asian country to sign a free trade agreement with the Eurasian Economic Union (EAEU), Vietnam is Russia’s leading business partner in the area, Russia’s Deputy PM Dmitry Chernyshenko said. Trade between Vietnam and Russia has been facilitated by the Vietnam-EAEU FTA that took effect in October …

Vietnam’s benchmark VN-Index dropped 0.92% to 1,070.91 points Thursday. The index closed 9.95 points lower after gaining 2.41 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 22.72% to VND15.79 trillion ($673.29 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 22 tickers …

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March. According to the Vietnam Bond Market Association (VBMA) that collected data from the Hanoi Stock Exchange (HNX) and the State Securities Commission of …

Vietnam’s biggest mattress retailer Vua Nem posted a loss of over VND54 billion ($2.30 million) last year after just turning to the black in 2021. The company did not release its revenue figures, but had earlier said that revenues had increased by 128% last year thanks to an expansion in …

Xbox Game Pass is part of Microsoft’s commitment through 40 years in the gaming industry to provide gaming experience for everyone. Xbox Game Pass by Microsoft offers unlimited access to a library of over 100 high-quality games, and Xbox Game, a studio that supports game creators. With three billion players …