Honda Vietnam reported sharp falls in motorcycle and automobile sales in January compared to the previous month. In January, it sold 222,545 motorcycles, down 13.1% month on month and 16% year on year, data showed. Meanwhile, 1,494 cars were delivered to buyers, declining 35.7% month on month and 60.4% year …
Read More »Vietnam Airlines’ fuel distributor makes bigger profits
Vietnam Airlines’ fuel distribution subsidiary Skypec made estimated pre-tax profits of VND180 billion (US$7.6 million) last year, nearly 80% up from 2021. Vietnam Airlines has yet to announce Skypec’s results, but the latter’s management informed a meeting earlier this year that it had realized approximately 180% of its pre-tax profit …
Read More »The making of a coconut oil tycoon
From borrowing money by mortgaging his father-in-law’s property to set up a coconut oil plant to earning trillions of dong (VND1 trillion = $42.19 million) a year, Cu Van Thanh has come a long way. When Vietnam still had a command economy, Thanh and his wife worked at a state-owned …
Read More »Vietnam inflation may have reached its peak: analysts
Vietnam’s inflation has been rising non-stop since September but may have found its peak last month as consumer demand weakens. Starting from a low base of 1.42% in February last year, the Consumer Price Index (CPI) rose 4.89% last month. Core inflation, which measures the long run trend in price …
Read More »Disgraced English center tries to strike deal with disgruntled parents
Education company Apax Holdings, which runs English center chain Apax Leaders, is trying to convert what it owes to its former customers into interest-accruing loans. A group of students’ parents have been demanding that Apax Holdings refund tuition fees worth of thousands of billion dong (VND1 billion equivalent to $44,000) …
Read More »Record revenues at Saigon Zoo after post-Covid reopening
The Saigon Zoo and Botanical Gardens Company, which manages Vietnam’s largest zoo in Ho Chi Minh City, recorded its highest-ever revenues of VND145 billion ($6 million) last year, up three times year-on-year. The company’s financial report showed the revenue came mainly from ticket sales, in addition to selling food and …
Read More »Try Vietnam’s noodle dishes before you die, American vlogger says
American food vlogger Sonny Side traveled from north to south Vietnam to try the country’s signature noodle-based dishes such as chicken noodle soup and snail noodle, calling them “must-try before you die.” “Vietnam is a country that loves street food and that loves noodles of all shapes and sizes,” said …
Read More »Vietnam’s EV maker VinFast recalls nearly 2,800 units domestically
Vietnam’s electric vehicle (EV) maker VinFast is recalling 2,781 of its sports utility model VF8 sold in the domestic market to check and replace the bolt connecting the front brake caliper to the knuckle, the company said on Saturday. VinFast, which began operations in 2019, is gearing up to expand …
Read More »Bun ram, not your regular bowl of crab noodle soup
This dish is not as complicated as regular crab noodle soup. This bowl of fiddler crab noodle soup is simpler but even more impressive. Aside from other Quy Nhon’s specialties such as vermicelli with grilled pork and fried spring rolls, crispy crepes with jumping shrimp, mixed fermented pork, shrimp noodle …
Read More »Factories struggle to recruit skilled workers
Steel maker Van Dat Thanh has been seeking a transport fleet auto mechanic on both free and paid recruitment sites for more than two weeks, but no one has come to interview. The southern Binh Duong Province-based factory has posted recruitment adds for male candidates with degrees and 1-2 years …
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