Business

The Japanese director who fired two Vietnamese workers using a “scissors by the neck” image has written a letter of apology with promises not to repeat the same mistake. Yoshiharu Jin, director of precision machinery manufacturer Iiyama Seiki Vietnam in Hai Phong City, said in the letter written Tuesday that …

DTS Group aims at promoting startups to go global through establishing international collaboration and expanding its network. Truong Gia Bao, Chairman of DTS Group, attended Demo Day on Sep. 26, in Korea. This program is part of the Global Startup Step-up (GSS) event series, which searches for and promotes outstanding …

The Ministry of Transport has proposed that IPP Air Cargo be given licenses to operate as the first cargo airline in Vietnam, in its pursuit to compete with long-established foreign players. “The airline was launched to provide quality cargo-dedicated transport services, seeking to boost logistics development and increase goods delivery …

Vietnam gold prices continued to fall Wednesday after hitting a two-month low as the precious metal faces pressure from the surging U.S. dollar. Saigon Jewelry Company (SJC) sold its gold at VND64.5 million ($2,716) per tael in the morning, down 1.68% from Tuesday. Other companies also let prices slide down …

Membership app Vani allows customers to conveniently manage membership cards while offering them various benefits. Most businesses run point programs to retain customers and attract new ones. However, customers must carry along many membership cards with them to earn points, which causes great inconvenience. Besides, the membership registration process may …

Gold prices fell to the lowest level in two months to VND64.6 million ($2,736) a tael Tuesday. The Saigon Jewelry Company (SJC) sold its gold at VND65.6 million ($2,778) Tuesday afternoon, down VND1 million or 1.5% from Monday. A tael equals 37.5 grams or 1.2 ounces. Prices of gold bars …

Vietnam is set to lead GDP growth among major economies in the Asia Pacific at 7.2% this year, but global inflation remains a threat to the region, the World Bank forecasts. This is an upgrade from World Bank’s April forecast when it pegged Vietnam’s growth at 5.3%, it said in …

A foreign director of a Japanese factory in the northern city of Hai Phong has been asked to apologize after firing two workers using an “scissors by the neck” image. The Trade Union of Hai Phong Economic Zone requires the director of precision machinery manufacturer Iiyama Seiki Vietnam to make …

Reducing special consumption tax on gasoline to zero and cutting value-added tax by half will provide positive impacts amid global uncertainties, the Vietnam Chamber of Commerce and Industry (VCCI) proposed. The current special consumption tax on gasoline is 10% with the same rate applied to value-added tax (VAT). The Ministry …

Rubber companies in Vietnam are facing a cloudy profit prospect for the remaining months as global demand falls and input costs surge. Vietnam Rubber Group expects profit to flatten at VND5.34 trillion ($225.13 million) this year and revenue to rise a mere 5%, as prices have been falling due to …