Business

A yacht belonging to property developer FLC is set to be auctioned on Nov. 4 at the starting price of VND35.75 billion ($1.46 million). FLC Albatross, built in 2017 in Poland, was seized by lender BIDV recently as collateral for a FLC loan. Bidders must put down a deposit of …

Noibai Catering Services (NCS) reported a net profit of over VND8.5 billion (US$354,000) for the third quarter, ending a nine-quarter streak of losses. The Hanoi-based company achieved gross profits of VND24.2 billion after racking up losses of VND16.8 billion in the same period last year. Its revenues were VND136 billion, …

Travel + Leisure magazine has named Vietnam in a list of 12 destinations “that won’t break the bank for newlyweds.” “A generally less-expensive alternative to Thailand’s famous tourist destinations, Vietnam has a little something for every kind of honeymooner,” the U.S. magazine’s Indian edition says. It recommended newlyweds to visit …

Dung Quat Oil Refinery has increased its production to 109% of capacity to help mitigate the fuel shortages that have plaguing the country in recent months. The production increase began Wednesday, and, depending on demand and crude oil availability, it could go up to 110%, deputy director of the refinery, …

The National Assembly’s Finance and Budget Committee said a tax cut on petroleum products would not be considered now. It said if global prices increase sharply, Vietnam could consider lowering the environmental protection tax on petroleum and oil products and, if necessary, excise and value-added tax (VAT). Minister of Finance …

Long queues of people waiting to buy fuel may might be a thing of the past but not gas stations running out of stocks or selling in limited quantities. On the afternoon of October 19 Ngoc stopped at a gasoline station on Thuy Khue Street in Hanoi only to be …

Though the iPhone 14 has been released in Vietnam, ones of its predecessors, the iPhone 13 Pro Max, remains hugely popular due to its superb configuration and falling price. Quang Luyen, an office worker in Hanoi’s Cau Giay District, had planned to buy an iPhone 14 Pro Max. Distributors promised …

A sweet soup shop of Hue in central Vietnam sells more than 1,000 portions a day, with customers queuing to try its roasted pork version. Mo Ton Dich sweet shop on Dinh Tien Hoang Street, Thuan Hoa Ward, is a familiar address for diners who love Hue sweet soup. A …

Authorities in Ho Chi Minh City temporarily halted helicopter tours of the metropolis five months after launching due to a lack of helipads. Tour companies offering helicopter tours no longer receive guests. A representative of a travel firm in HCMC said 200 guests had earlier booked the tour but the …

The West Coach Station Company (WCS), a leading bus terminal operator, earned third quarter revenues 45 times higher year-on-year, but the number of passengers was three-quarters of the pre-Covid period. The HCMC-based firm recorded revenues of more than VND27 billion ($1.1 million) and an after-tax profit of over VND11.8 billion. …