Business

Vietnam is one of five most popular travel destinations for Russians for New Year holiday, according to flight booking data from Russian travel site OneTwoTrip. Thailand was the most favored destination by Russian tourists with the number of air ticket bookings accounting for 38.7%, followed by Indonesia (10.9%), Vietnam (10.8%), …

Only 46.7% of public investment, or VND253.15 trillion ($10.55 billion) was disbursed in the first nine months of this year. In terms of absolute numbers, the disbursement rose 16% against the same period last year, according to the Ministry of Finance. “If we can’t disburse the money we have, it’s …

The U.S. dollar has risen to a new peak against the Vietnamese dong at nearly VND23,900 Monday, having gained 4.1% this year. Vietcombank hiked the rate by 0.1% from the weekend to VND23,870. This means the state-owned lender has raised its rate by 0.85% within two weeks and 4.1% from …

Authorities in Quang Ninh Province plan to develop tourist activities along its 176-kilometer expressway that connects Ha Long Bay and Chinese border town Mong Cai. Provincial authorities expect to develop cruise tours, eco-tourism, cuisine and entertainment activities as well as casino services along the expressway. Quang Ninh People’s Committee has …

Vietnam’s benchmark VN-Index plunged 2.4% to 1,174.35 points Monday, lowest since July 11. The index closed 28.9 points lower after losing 11.4 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 55.43% to VND17.55 trillion ($739.82 million). The VN-30 basket, comprising the 30 largest capped …

Vietnam’s newest carrier, Vietravel Airlines, has been named the world’s fifth best leisure airline at this year’s Skytrax World Airline Awards. It ranked behind Turkey’s SunExpress, Canada’s Air Transat, U.K.’s TUI Airways, and Germany’s TUIfly in the list drawn up by the British airline and airport review and ranking site …

Trade between Vietnam and Cambodia reached a record US$7.7 billion in the first eight months of the year. Vietnam’s exports rose by 32% year-on-year to $4.1 billion, as the country turned last year’s deficit into a surplus, according to its customs department. The biggest item was iron and steel, accounting …

Agricultural firm Hoang Anh Gia Lai plans to fully repay its bank loans by 2025, its chairman, Doan Nguyen Duc, said. Its total debts fell from a peak of more than VND35 trillion (US$1.49 billion) in 2016 to VND14 trillion in mid-2022, with bank debts falling from VND28 trillion to …

Two hotels in Ho Chi Minh City and one in Phu Quoc Island won in different categories of this year’s Haute Grandeur Global Awards. Bach Suites Saigon on Pham Ngoc Thach Street in HCMC’s District 3 won the “world’s best suite hotel” title. Not far from tourist attractions like War …

An apartment with an ownership duration of around 50 years costs 20% less than one with permanent ownership, but has not attracted the majority of homebuyers, an association says. The limited ownership duration only meets the needs of a small percentage of customers, including young people, the Ho Chi Minh …