Total revenue from domestic and foreign tourists in the first two months of 2023 reached VND85.6 trillion ($3.6 billion), according to the Vietnam National Administration of Tourism (VNAT). The number of foreign tourists to Vietnam reached nearly 933,000 in February, most of them were from the Republic of Korea, the …
Read More »Cargo handling fees at Vietnamese ports lowest Southeast Asia
Vietnamese ports charge the lowest cargo loading and unloading fees in Southeast Asia, according to the Vietnam Logistics Business Association. The terminal handling charge (THC) is equivalent to a third of the fees shipping lines collect from cargo owners, the association’s vice president, Le Quang Trung, said at a seminar …
Read More »An unusual beef noodle soup topping: fried sausages
What makes Nguyen Thi Minh’s beef noodle soup different is the topping that nobody else thought of: fried sausages. Thanks to her specialty sausages, Minh’s Saigon shop sells about 300 bowls of soup per day. This popular bun bo Hue (Hue-style beef noodle soup) shop on Phan Xich Long, one …
Read More »China’s reopening stirs Southeast Asia durian export competition
Competition in exporting durian to China is rising between long-time player Thailand and newbies Vietnam and the Philippines as the world’s largest market for the fruit reopens after Covid. In the southern province of Tien Giang, Nguyen Van Dong has invested VND800 million ($33,649) in growing 200 durian trees that …
Read More »Pawnshop chain F88 raises $50M in investment funds
Pawnshop chain F88 has received $50 million from two foreign investment funds, Vietnam Oman Investment and Mekong Enterprise Fund IV managed by Mekong Capital. Phung Anh Tuan, chairman and CEO of F88, said that the company will use the funds for developing technology as well as building its brand and …
Read More »No tax on 2nd property, ministry urges
The Ministry of Planning and Investment has advised HCMC not to tax the second property owned by people as it “does not guarantee fairness in many situations.” It said while the proposed tax is meant to increase the city’s revenues and limit speculation, it could hurt people with two small, …
Read More »VN-Index inches down
Vietnam’s benchmark VN-Index dropped 0.28% to 1,037.61 points Thursday. The index closed 2.94 points lower after gaining 15.87 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 23% to VND6.36 trillion ($268.13 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 20 tickers …
Read More »No tax on 2nd property, ministry urge
The Ministry of Planning and Investment has advised HCMC not to tax the second property owned by people as it “does not guarantee fairness in many situations.” It said while the proposed tax is meant to increase the city’s revenues and limit speculation, it could hurt people with two small, …
Read More »Trungnam Land account frozen due to $18.8M tax debt
The Da Nang Tax Department has blocked all transactions for a bank account of property developer Trungnam Land as the company owes more than VND445 bilion ($18.8 million) in land use fees and taxes. The company has delayed paying taxes and fees since October last year, said Do Chi Cong, …
Read More »Cooking gas prices drop in Vietnam as global demand eases
Cooking gas prices have fallen by VND16,000 (68 cents) to VND461,000 for a 12-kg cylinder in Ho Chi Minh City and other southern localities as global prices declined. Saigon Petro Co. announced the cut Wednesday after global suppliers brought down average prices by $60 to $730 per ton for March. …
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