Business

Thailand was the only Southeast Asian country to break into top 10 retirement destinations in the world, according to a list compiled by Irish publisher International Living. Thailand was ninth on the list, which was topped by Portugal. The rest of the top 10 were Mexico, Panama, Ecuador, Costa Rica, …

Telecom giant MobiFone reported a decline in profits and revenues in 2022, and said they fell short of targets. At a review meeting on January 5 the company said revenues fell to VND28.329 trillion (US$1.18 billion), and profits to VND2.71trillion. They had been VND31 trillion and VND4.96 trillion in 2021. …

Hanoi will increase night-time tourism activities and develop adventurous tours such as helicopter and hot air balloon rides to meet its target of attracting 3 million foreign tourists this year, officials said. Dang Huong Giang, director of Hanoi’s Department of Tourism, said it will offer more night-time tourism services around …

Ride hailing company Grab will impose a surcharge of VND5,000-15,000 (US$0.21-0.64) on fares during the Lunar New Year (Tet) holidays later this month. A VND5,000 surcharge will apply to GrabBike (motorbike-taxi), GrabFood (food delivery), GrabMart (shopping delivery), and Grab Express (fast delivery) between January 20 and 26. A surcharge of …

Despite failing to realize the revenue target for last year, food and animal feed producer Dabaco Group is expecting biggest-ever revenues of VND24.562 trillion ($1.023 billion) for this year. Dabaco targeted revenues of VND22.5 trillion and after-tax profits of VND918 billion last year, but earned just over VND9.6 trillion, with …

Thailand’s largest industrial developer Amata Corp has eyes to shift its focus on fast-growing Vietnam and emerging Laos this year while halting a project in Myanmar. “When planning expansion, we focus on the Mekong [River] region as a whole,” said Viboon Kromadit, Amata’s chief marketing officer, in an interview with …

Vietnam’s private equity company ABB is seeking to raise $100 million for its second fund in the second half this year. ABB, which is associated with local investment banking company Asia Business Builders, launched its first $20 million PE fund in 2018, which has now fully invested, according to DealStreetAsia. …

Vietnam needs to target high growth and streamline its institutions to achieve breakthrough and sustainable development in the next 20-30 years, President Nguyen Xuan Phuc said Friday. The Vietnamese leader was referring to the second of two growth scenarios for the 2021-2030 period, with a vision until 2050, which the …

Vietnam’s benchmark VN-Index dropped 0.41 percent to 1051.44 points Friday with trading surging to the highest since December 22. The index closed 4.38 points lower after gaining 9.47 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 30% to VND11.95 trillion ($509.23 million). The VN-30 …

The Qatar government has returned to its policy of visa-free entry for citizens of 95 countries and territories, following the conclusion of the FIFA World Cup. Qatar previously banned the entry of visitors through its air, land and marine borders to ensure successful organization of the FIFA World Cup that …