Business

Sixty percent of Japanese investors in Asia-Pacific polled in a 2022 survey by the Japan External Trade Organization (known as JETRO) said they plan to expand operations in Vietnam within the next two years. The rate is the highest in ASEAN and third in Asia-Pacific only after India and Bangladesh. …

Auto dealers are offering discounts of up to VND100 million ($4,243) to boost sales after the Lunar New Year shopping season is over. As many Vietnamese bought their new cars before the annual Tet holidays, which fell from January 20-26, dealerships are seeing a decline in customers showing up or …

South Korea’s low-cost carrier Jeju Air will resume air services from Incheon to Hanoi and Ho Chi Minh City from April 20 after three years of suspension due to Covid. The resumption comes at a time when South Koreans topped the list of foreign arrivals to Vietnam after the Southeast …

Vietnam Airlines and Vietjet incurred losses of VND10 trillion (US$423.7 million) and VND2.17 trillion last year mainly due to higher fuel prices and forex volatility. Vietnam Airlines reported consolidated revenues of VND71 trillion, higher than the combined revenues of 2020 and 2021 but only 70% of pre-pandemic levels. Its losses …

The average rent for industrial lands in the south last quarter was US$159 per square meter per lease cycle, up 3% quarter-on-quarter and 10% year-on-year, Cushman & Wakefield said. The real estate consultancy said 28,170 hectares of industrial lands were rented, a year-on-year increase of 12%. The higher rents could …

Authorities in Da Lat Town in the Central Highlands want to build a casino and a new night market and set up a new pedestrians-only street to develop the nighttime economy. Under a plan that is awaiting approval from Lam Dong Province authorities, the casino will be built in the …

The HCMC Real Estate Association has proposed the central bank allow real estate businesses to restructure debts due in 1-2 years and to access new loans with collateral. One of the biggest challenges facing real estate firms is the possibility of their due debts being classified as bad debts, which …

Vietnam’s benchmark VN-Index dropped 0.76% to 1064.03 points Thursday, lowest since January 13. The index closed 8.19 points lower after gaining 6.38 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 7.87% to VND9.22 trillion ($391.26 million). The VN-30 basket, comprising the 30 largest capped …

Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lee Hsien Loong have agreed to establish a digital and green economy partnership. During their talks on Thursday, the two leaders agreed to consider upgrading the cooperation mechanism by establishing the Vietnam–Singapore Digital Economy and Green Economy Partnership as stated …

A driver in Thailand’s famous tourist hub of Pattaya on Wednesday returned a bag with 4,000 euros ($4,200) inside to a Finnish female tourist who left it behind after getting out of his car. The driver, only identified as Lek, found the bag in the back of his car, and …