Business

Vu Thi Thanh has been offering cooking classes to foreign tourists and expats living in Vietnam since 2015. Thanh and her team of five people call themselves “Hanoi and around with Thanh.” For eight years they’ve been gifting the secrets of Vietnamese cuisine to foreigners via fun and casual classes. …

Despite the global recession in 2022, several Vietnamese firms still recorded strong growth and earned billions of dollars in profits. In 2022, most businesses faced economic fluctuations and difficulties caused by the impact of the Russia-Ukraine war and high inflation. However, some companies in Vietnam still managed to perform well. …

Vietnam’s leading taxi firm Vinasun posted VND185 billion (US$7.89 million) after-tax profit last year, which is 6.8 times higher than targeted. The taxi operator recorded profits in all four quarters of 2022 after suffering losses in 2020 and 2021 due to the Covid-19 pandemic. With efforts to recover the market …

A drop in prices and consumption put major steel businesses Hoa Phat, Nam Kim and VNSteel in the red in the fourth quarter of 2022, dragging their annual results to the lowest level in many years. Hoa Phat, which accounts for nearly 35% of Vietnam’s construction steel market, reported a …

Binh Son Refining and Petrochemical, which accounts for one third of fuel supply in Vietnam, reported a net profit of nearly VND14.5 trillion (US$616.2 million) last year, up 115% from the previous year. In a financial statement, the company, which operates the Dung Quat Oil Refinery in the central province …

Businesses serving food and drink in Hanoi and Hai Phong have seen a surge in consumers during the first few days of the Lunar New Year. Many coffee shops in Hanoi closed on January 22, the first day of Tet, and started welcoming patrons again the following day. Highlands Coffee, …

Remittances to Ho Chi Minh City (HCMC) reached more than $6.6 billion in 2022, down nearly 6.7% year-on-year due to the impact of the global economic slowdown. The State Bank of Vietnam (SBV) in HCMC has stated that the global economic slowdown, rising inflation in many countries, and the impact …

Though liquidity and interest rate concerns loom large through H1, analysts say there are some bright spots on the horizon and believe things will improve in H2. SSI Securities Research said in its latest strategic report that government policy will be a key factor in guiding the operation of the …

A pho restaurant in Saigon has continued to serve food in the traditional northern style for more than 20 years, setting it apart from other restaurants in the area. In Saigon, you can come across many different versions of pho, or Vietnamese noodle soup, originating from localities across the country. …

In the fourth quarter of 2022, usually the peak season for the property market, townhouse and villa purchases in HCMC fell to their lowest rate in five years. They were down 70% from the third quarter and 48% year-on-year. Housing market report of real estate consultancy Savills Vietnam said the …