Business

Casino Corona on Phu Quoc Island, the first in the country to allow Vietnamese, said locals spent VND141 billion ($5.9 million) since its opening in 2019. They accounted for 5% of the total revenues of over VND2.7 trillion, Kien Giang Province authorities said in a report to the government. It …

Vietnam’s ST24 and ST25 rice varieties, the latter the World’s Best Rice award winner not long ago, have obtained trademarks in Australia. The ‘Gao Ong Cua Viet Nam’ trademark has been registered by Ho Quang Tri Private Enterprise, a company owned by the son of the main developer of ST25, …

Air Macau has said it will resume flights to Japan and Vietnam next week after a hiatus of nearly three years due to Covid-19. There is one weekly flight between the territory and Hanoi on Wednesdays. Macau, a casino hub, still requires visitors to undergo a seven-day hotel quarantine. Vietnam …

Travel companies offering tours are concerned that the rising dollar will eat into their profits this year or even cause losses. Vietfoot Travel has been selling some of its outbound tour packages at breakeven prices in recent weeks as the greenback has been rising relentlessly against the dong. “The laws …

Vietnam’s benchmark VN-Index dropped 0.76% to 1,078.14 points Tuesday, lowest since February 2 last year. The index closed 8.3 points lower after losing 45.67 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 4.5% to VND12.05 trillion ($504.55 million). The VN-30 basket, comprising the 30 …

Vietnam’s seafood exports to the U.S. rose 22% year-on-year to $1.8 billion in the first nine months as Americans remain the biggest buyers of Vietnamese seafood. Exports to China surged 76% to $1.35 billion, while to the EU the value went up 41% to $1 billion, according to the Vietnam …

The Ministry of Industry and Trade is concerned about the ability of Dung Quat Refinery operator Binh Son Refining and Petrochemical to mobilize capital for its expansion plan due to low accumulated profit. The company recorded an accumulated profit of over VND345 billion ($14.45 million) between 2018 and 2020 after …

Thailand’s Central Retail plans to more than double the number of its stores in Vietnam from the current 340 to 710 by 2026 to capitalize on a growing market. The main retail arm of Thai conglomerate Central Group will spend 30 billion baht (US$790 million) for the expansion, which it …

The Vietnamese manufacturing sector remained firmly in growth territory at the end of the third quarter, according to S&P Global. The S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI) stood at 52.5 in September, lower than the reading of 52.7 in August but still pointing to an improvement in business …

The Vietnamese manufacturing sector remained firmly in growth territory at the end of the third quarter, according to S&P Global. The S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI) stood at 52.5 in September, lower than the reading of 52.7 in August but still pointing to an improvement in business …