Business

The Ministry of Planning and Investment is seeking to verify the nationalities of IPP Air Cargo shareholders before the company can receive air transport permits. If any of the four shareholders of the company have dual nationality, they should specify their choice of nationality in the permits, the ministry advised …

Rentals for streetfront premises on Le Loi street (HCMC’s District 1) have risen by up to four times since the removal of the metro construction site in mid-August. Barriers were cleared on an 800-meter section of the street, which had been blocked for eight years for the construction of Ben …

Authorities in the central province of Quang Binh have licensed two private travel firms to offer paragliding for visitors to explore Phong Nha-Ke Bang National Park from above. Jungle Boss Company, which specializes in trekking tours to Quang Binh, and Hanoi company Fly High Vietnam will soon set up paragliding …

Being chairmen of giant corporations with revenues exceeding billions of dollars, many Vietnamese billionaires chose to draw zero salaries. According to the semi-annual audited financial report of Vingroup Company JSC, the enterprise has spent more than VND24 billion ($1.02 million) in remuneration for its leading members, including the board of …

Two days before another price adjustment, many petrol stations in Hanoi and the northern provinces of Thai Nguyen and Vinh Phuc ran out of stock. The situation was recorded by the Vietnam Directorate of Market Surveillance at 21 stations Saturday. Representatives of these stations explained that the local enterprises had …

The Saigon Zoo and Botanical Gardens, Vietnam’s largest, has generated double revenue and triple profit in the first half this year compared to the full 2021. The semi-annual financial report of Saigon Zoo and Botanical Gardens Company, which manages the 160-year-old zoo in Ho Chi Minh City, shows that its …

The southernmost province of Ca Mau is not only rich in forest and ocean resources but also famous for countless delicacies that captivate visitors. Nam Can crab Nam Can crab, named after a rural district, is one of the specialties that nature bestows on Ca Mau. The crabs are raised …

Beach town Vung Tau in the south and many northern mountain towns have been overrun by tourists during the four-day National Day break. Thousands of people were spotted in cable cars and trekking up Fansipan, Vietnam’s tallest peak, in Lao Cai Province, on Friday. Tourists flock to Fansipan peak, Vietnam’s …

The VND20.1 trillion (US$856.69 million) Lotte Eco Smart City smart complex broke ground in HCMC’s Thu Thiem New Urban Area on Friday. Being built on an area of 74,500 square meters, it will have financial, commercial and general services center as well as housing. Artist’s impression of Lotte Eco Smart …

The audited earnings report of Pomina Steel questions the firm’s ability to keep its operations going as it struggles with debts and losses. Ernst & Young Vietnam’s audit of the company’s first half operations found that the VND8 billion ($341,000) profit it has reported should be correctly filed as a …