Business

Novaland is carrying out projects in Ho Chi Minh City and satellite cities, tourist cities, ensuring handover schedule in phases. According to a representative of Novaland Group, many housing projects, satellite urban areas, and economic-tourism urban areas of the developer have been welcomed by the market, leaving a lasting impression …

Vietnam increased the RON95 gasoline price by 1.8% Tuesday to VND22,750 ($0.91) per liter, the third hike since Oct. 11. E5 RON 92 prices were hiked 1.77% to VND21,870. Diesel prices went up 1.17% to VND25,070. The Ministry of Industry and Trade and the Ministry of Finance, which are both …

Bamboo Airways posted a loss of VND3.54 trillion ($142.38 million) in the first nine months, exceeding the total loss it recorded last year by 54%. Its loss has been increasing this year, from VND691 billion in the first quarter to VND1.39 trillion in the second and almost VND1.45 trillion in …

Vietnamese automaker VinFast has partnered with the world’s leading electric car battery manufacturer Contemporary Amperex Technology Company (CATL) in the development of equipment for its electric cars. The two companies will collaborate on the production of battery and skateboard chassis, a system at the bottom of the vehicle on which …

Outdoor camping has gained popularity over the last few years in Vietnam, receiving a particular boost during pandemic times, but the trend is having several unsightly side effects. For months now, camping activities have been organized along Dau Tieng Lake, the biggest artificial freshwater lake in the southern province of …

Hanoi company Airlios has demonstrated a flying electric car which it plans to sell commercially in 2024. The single seater, also called Airlios, could fly vertically to reach 10 meters within 10 seconds and then fly at speeds of 100 kilometers per hour, the company said at a recent exhibition. …

The number of Vietnamese sellers on U.S. ecommerce platform Amazon has risen by 80% since September last year, with kitchenware being their best-selling item. The company did not reveal the exact number, and merely said it was in the “thousands.” Gijae Seong, director of Amazon Global Selling Vietnam, listed three …

Investors in build-operate-transfer transport projects fear bankruptcy since revenues are lower than expected. Phu Ha BOT Company, which built the Van Lang Bridge between Viet Tri, capital of the northern Phu Tho Province, and Hanoi, said toll fees are less than 30% of the target. Speaking at a meeting on …

Bonchon, the global restaurant concept known for its Korean fried chicken, celebrates a year with market expansion, sales growth, and a new fast-casual model. Despite continued industry challenges as a result of the pandemic, Bonchon retained its strong year-to-date sales performance. In October, the company registered a 76% same-store sales …

Online entertainment company Yeah1 said profits for the third quarter nearly doubled from the previous one to VND14.8 billion (US$597,000). The profits for the first nine months topped VND22 billion, as against losses of over VND253 billion a year earlier, on revenues of VND207 billion, a year-on-year decline of 76%. …