Business

Vietnam’s fuel reserves are too meager to meet actual demand, and a large increase is needed to ensure fuel security, the Ministry of Industry and Trade has warned. The country maintains a reserve of 370,000 cubic meters, which translates into 6.5 days’ consumption, and this is too low, it said …

High-end hotels in the country have not been able to deal adequately with the loss of well-trained staff during the Covid-19 pandemic and remain mired in a human resource crisis. According to the Vietnam Hotels Association, there are over 550 luxury hotels that accounts for about 18% of the total …

Highlands Coffee chain lost VND19 billion ($812,069) last year, its first loss since 2014, VnExpress has learned. Its sales plunged by nearly 20 percent to VND1.7 trillion, which still made it the largest coffee chain in Vietnam, its earnings report, recently acquired by VnExpress, shows. It is not listed on …

Foreign tourists have hailed as “positive step” Vietnam’s tourism minister proposing visa exemption be expanded for major markets like Europe and the U.S. Nguyen Van Hung, Minister of Culture, Sports and Tourism, had proposed earlier this week that Vietnam expands visa exemption for tourists from Australia, Canada, India, New Zealand, …

New apartment sales in HCMC plunged to their lowest levels this year as investors became wary of the market volatility and banks tightened credit. Only 819 units were sold in July, down from 1,995 in June and 5,928 in May, according to property consultancy DKRA Vietnam. Liquidity has been falling …

Many companies are looking to recruit workers, but well over half have difficulty finding the right candidates, a survey has found. The Vietnam Employment Outlook Survey Q3 & Q4 2022 by recruitment company ManpowerGroup Vietnam said 88% of enterprises plan to expand or at least maintain their payroll in the …

Vietnam’s benchmark VN-Index rose 0.82 percent to 1262.33 points Friday, highest in over two months. The index closed 10.3 points higher after losing 4.4 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 30 percent to VND13.06 trillion ($558.24 million). The VN-30 basket, comprising the …

The Mekong Delta has long been hailed as the country’s rice bowl, but the burden of ensuring food security for the nation is slowing its growth and robbing the region of opportunities to thrive, a report says. With an annual rice output of 24 million tons a year, or half …

The Mekong Delta has long been hailed as the country’s rice bowl, but the burden of ensuring food security for the nation is slowing its growth and robbing the region of opportunities to thrive, a report says. With an annual rice output of 24 million tons a year, or half …

Tech giant FPT reported a 23.7% year-on-year rise in pre-tax profits in the first seven months of the year to VND4.24 trillion ($181.19 million). Revenues were up 22.2% to VND23.22 trillion. All the company’s major businesses saw revenues rise by double digits. Revenues from its technology business rose 22.1% to …