Business

Vietnam Electricity (EVN) posted losses of VND15.758 trillion ($635.4 million) between January and October, with higher fuel prices a major contributing factor. EVN said fluctuations in the world prices of coal, oil and gas since the beginning of this year have caused its production costs and purchase prices of electricity …

Holiday Inn Resort in Ho Tram Beach off the southern coast has one of the world’s 10 hottest new swimming pools as voted by Australian travel magazine Escape.  Located in the Ho Tram beach tourist area in the southern beach town of Vung Tau, around 100 kilometers from Ho Chi …

The State Bank of Vietnam – HCMC Branch has asked commercial banks to punish staff who pressurize borrowers into buying insurance policies. According to several business associations in HCMC, some banks have made it a condition that firms’ buy insurance policies through the banks (bancassurance) if they are to get …

Pomelo became the seventh Vietnamese fruit to be officially exported to the U.S. Monday with the first 100 tons being transported from the southern province of Ben Tre. The batch is split into six containers. Four of them will be exported by air and two by sea. Deputy Minister of …

Vietnam has the potential to be a regional logistics hub, but issues in policy, infrastructure and human resources remain to be solved, industry insiders said. “Vietnam is becoming a new manufacturing hub outside of China. It will gradually gain a bigger share in air cargo transport,” said Tran Tuan Anh, …

Grapefruit became the seventh Vietnamese fruit to be officially exported to the U.S. Monday with the first 100 tons being transported from the southern province of Ben Tre. The batch is split into six containers. Four of them will be exported by air and two by sea. Deputy Minister of …

Vietnam’s benchmark VN-Index rose 3.52% to 1,005.69 points Monday, highest in over three weeks. The index closed 34.23 points higher after gaining 23.75 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 64% to VND15.94 trillion ($642.74 million). The VN-30 basket, comprising the 30 largest …

The U.S. dollar on Monday surged 0.28% to VND25,050 on the black market but fell at most banks. Eximbank sold the dollar at VND24,848, down 0.02%, while Techcombank kept the rate unchanged at VND24,850. Vietcombank, however, sold the dollar 0.4% higher at VND24,850 after keeping it at VND24,840 for three …

The world’s largest container shipping line Maersk and U.S. express delivery company FedEx are seeking to enter Vietnam’s e-commerce logistics market. Ditlev Blicher, regional managing director for Asia-Pacific, A.P. Moller – Maersk (Maersk), was in the country this week, three months after the Danish company spent US$3.6 billion on acquiring …

The U.S. dollar on Monday surged 0.28% to VND25,050 on the black market but fell at most banks. Eximbank sold the dollar at VND24,848, down 0.02%, while Techcombank kept the rate unchanged at VND24,850. Vietcombank, however, sold the dollar 0.4% higher at VND24,850 after keeping it at VND24,840 for three …