Business

An electricity price hike proposed by the national power utility should be kept reasonable and in line with real Vietnamese incomes, Prime Minister Pham Minh Chinh told authorities. “The price of electricity in Vietnam cannot be the same as that of developed countries. If the price is too high, people, …

Foreign tourists say Vietnam is safer than their hometowns, even though phone snatching and dishonest taxis are still here. “I felt safe in all Vietnamese cities I visited,” Karena Edgecombe from New Zealand told VnExpress International. Edgecombe said that it was “extremely safe to walk alone” in major cities like …

Instead of copying or competing directly with foreign firms, Vietnamese garment companies should tap niche markets, chairman of the Vietnam National Textile and Garment Group (Vinatex) Nguyen Tien Truong told VnExpress. -What do you think about local garment firms’ inability to dominate the domestic market of 100 million people here …

PwC Vietnam announced Thursday that Mai Viet Hung Tran will be its next general director effecting July 1. Tran is currently the Assurance Leader for PwC Vietnam, a role he has held since 2019. He has over 26 years experience in auditing, accounting and management in construction, real estate, manufacturing, …

Land prices in Bangkok capital city of Thailand has skyrocketed 75% in recent years due to infrastructure development along with urbanisation driven by mass transit expansion. Saenphin Sukhee, chief executive of residential developer Frasers Property Home (FPH), said land prices in Bangkok continued to grow despite the Covid-19 pandemic with …

Vietnam’s benchmark VN-Index dropped 0.04% to 1,077.15 points Friday as the market continues to go sideways after Wednesday plunge. The index closed 0.44 points lower after gaining 1.62 points on Thursday. It dropped 34.21 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 2.36% to …

Former billionaire Bui Thanh Nhon has returned to chair the board of property developer Novaland amid a major restructuring as its stock trades at historic lows. Nhon, who is also chairman of NovaGroup – the biggest shareholder in Novaland – took over the position after turning it over to Bui …

Auto distributors posted record profits last year as demand recovered after a two-year slump due to Covid-19. Savico, which distributes Toyota, Honda, Ford and other cars, reported record profits of VND688 billion ($29.34 million), which represents a 2.7-fold rise from 2021 and is larger than the combined figures of the …

Vietnam’s electric automaker VinFast said on Friday it will delay deliveries to its first customers in the United States to the second half of February after it finishes updating the vehicles with the latest software. The Vietnamese company, a unit of conglomerate Vingroup JSC, is gearing up to expand in …

Vietnam’s electric automaker VinFast said on Friday it will delay deliveries to its first customers in the United States to the second half of February after it finishes updating the vehicles with the latest software. The Vietnamese company, a unit of conglomerate Vingroup JSC, is gearing up to expand in …