Business

Vietnam is poised to lead Southeast Asia in salary hikes next year as businesses seek to keep workers amid forecasts of inflation, a survey has found. The survey of professional services firm Aon, which is listed on the New York Stock Exchange, said Vietnam’s median increase would be 7.9%. Indonesia …

American food blogger Max McFarlin tried to break the record of eating 62 plates of banh uot (steamed thin rice cake) at a food stall in HCMC, but he conceded defeat after downing just 22 plates. McFarlin and a friend visited the Ban Me Giang Vuong stall in Binh Thanh …

Vietnam consumes nearly 50 tons of gold jewelry each year, with 80% absorbed by HCMC, according to the Saigon Jewelry Association (SJA). The country imported more than 1,000 tons of gold in the 1991-2012 period. Businesses have not been allowed to import raw gold since May 2012, but consumption of …

Vietnamese vendors have sold nearly 10 million products on Amazon this year, totaling an export value over 45% more than 2021, according to a report by the American e-commerce giant. There were “thousands” of Vietnamese vendors on Amazon during the pandemic, and their top-selling products were in the categories of …

Tourism revenues this year after opening the borders and lifting most Covid restrictions were VND495 trillion (US$21 billion), exceeding the target by 23%, according to the General Statistics Office. It was equivalent to 66% of revenues in 2019, the year before Covid struck, of $31 billion, or 12% of GDP. …

There were record car sales this year and electric vehicles grew in popularity, and a Vietnamese carmaker even exported EVs to the U.S. Highest ever sales For the first time annual sales are set to reach 500,000 units after 459,423 were sold in the first 11 months. This has propelled …

The number of house and apartment transactions in the North and the South in 2022 fell to the lowest level in 5 years, according to report by real estate agencies. The report said that the apartment market in Ho Chi Minh City and in some southern provinces has been on …

The U.S. dollar slightly gained over the Vietnamese dong Thursday afternoon but slipped at unofficial exchange points. Vietcombank sold the dollar at VND23,820 Thursday, up 0.29% from Wednesday. Eximbank sold the greenback at VND23,770, up 0.04%. The rate at Techcombank is VND23,820, up 0.23%, and at ACB is VND23,850, down …

Vietnam’s benchmark VN-Index dropped 0.63% to 1,009.29 points Thursday. The index closed 6.37 points lower after gaining 11.09 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 22.82% to VND8.24 trillion ($348.30 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 21 tickers …

When you need a hot meal on a cold night, a hearty bowl of Saigon’s herby soup hits the spot. On a late-night motorbike ride through Saigon, you can smell the aroma a block away. It’s the scent of satisfaction: there’s nothing like filing an empty belly with warm food …