Business

Vietnam’s benchmark VN-Index dropped 0.28% to 1,053 points Friday after a four-session rise. The index closed 2.95 points lower after gaining 6.77 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 18.49% to VND8.75 trillion ($369.51 million). The VN-30 basket, comprising the 30 largest capped …

China’s reopening as Covid-19 restrictions have been lifted has strongly lifted Vietnamese agricultural and fishery exports to the country, according to Deputy Minister of Agriculture and Rural Development Tran Thanh Nam. Speaking at a recent trade promotion forum, he opined that China’s dismantling of its Covid-19 lockdowns had given a …

Vietnam’ first banh mi festival will be held at the Youth Cultural House in Ho Chi Minh City’s (HCMC) District 1 from March 30 to April 2. The festival, which will feature 120 pavilions from restaurants, bakeries, and domestic and foreign suppliers, is organized by the Vietnam Tourism Association and …

Retail giant Masan Group has secured $650 million in a syndicated loan from a group of lenders to fund future operations. The loan was provided by BNP Paribas, Credit Suisse, HSBC, Standard Chartered Bank, and the United Overseas Bank, in which $375 million have been committed , Masan said in …

Many factories continue to lay off or furlough workers as order books remain anemic and show no signs of recovery. F&P Company, which manufactures electronic components at its plant in the Tan Thuan Export Processing Zone in Ho Chi Minh City’s District 7, will not renew the labor contracts of …

Vietnam is the fifth most popular destination for property investment for wealthy Singaporeans after Australia, India, Hong Kong, and mainland China, according to a new report. Ultra-high-net-worth (UHNWI) individuals, defined as those with a net worth of US$30 million or more, find property prices in Vietnam reasonable compared to other …

Vietnam needs to strengthen its economic diplomacy to attract investments from multinational companies and achieve green transformation and sustainable development, PM Pham Minh Chinh has said. Chairing a Cabinet meeting on Thursday, he said Vietnam has gradually shifted its focus to diplomacy to serve socio-economic recovery and development. Minister of …

The Thai government is targeting six million tourists from Europe this year, around 80% of pre-pandemic levels, as it seeks to extend its 45-day visa-free stay policy until year-end. “I am confident Thailand will remain the top destination in Asia for European markets,” said Yuthasak Supasorn, head of the Tourism …

The Government has asked the finance and industry ministries to consider reducing car registration fee and extend the payment schedule for special consumption taxes on domestically assembled vehicles. The ministries will submit a report on the two newly proposed policies to the Prime Minister before March 20. The request was …

Transport companies are complaining of surging costs incurred by a prolonged time for registering their new or modified vehicles due to a shortage of registration centers. Since early January, Tung Bach Logistics in Hanoi has been struggling to get its 50 trucks registered with the authorities after repair or maintenance …