Business

Vietnam’s benchmark VN-Index dropped 0.19% to 1256.5 points Wednesday. The index closed 2.4 points lower after gaining 2.1 points Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 9.87% to VND14.39 trillion ($615.35 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 24 tickers dropped. …

Quang Ninh Province closed public beaches while tourism activities at tourist hotspots Ha Long Bay and Cat Ba Island were halted from Wednesday afternoon due to the impacts of Storm Mulan. Mulan, the second storm to enter Vietnamese waters this year, is forecast to enter the Gulf of Tonkin at …

Vietnam will need investment of between $8 billion and $14 billion a year through to 2030 to develop new power plants and expand its grid, its deputy industry minister said on Wednesday. Of the amount, 75% would be spent on new power plants, with priority given to renewable sources, and …

French company TotalEnergies is set to install 280,000 square meters of rooftop solar panels for industrial property developer KCN Vietnam. Once the panels are installed, 45 megawatt-peak of solar energy would be generated, KCN said in a statement without providing details about installation cost or schedule. The annual output would …

Public spending has been tardy again this year, with only 34.5% of earmarked funds spent as of July, and the government blames local leaders for it. This is 2 percentage points lower than in the same period last year, Minister of Planning and Investment Nguyen Chi Dung told the National …

For two years, Minh Nguyet has struggled to find a suitable job after returning to Hanoi from Japan where she worked for several years. “With no certificates, I can only apply for a blue-collar job, but most factories turned me down,” the 24-year-old woman said. Factories in Vietnam demanded that …

Minister of Culture, Sports and Tourism Nguyen Van Hung proposed expanding visa exemption for tourists from the U.S., Europe, Canada, Australia, New Zealand and India to boost sector recovery. He also suggested the government consider simplifying immigration procedures to attract foreign tourists as Vietnam reopened after over two years of …

Vietnam’s benchmark VN-Index rose 0.17% to 1,258.85 points Tuesday, the highest since June 13. The index closed 2.1 points up after gaining 4.01 points Monday. Trading on the Ho Chi Minh Stock Exchange rose marginally to VND15.97 trillion ($682.8 million), marking the ninth straight session above the VND15-trillion threshold. The …

The World Bank has forecast Vietnam’s economy will grow at 7.5% this year thanks its economic recovery in the first half. The economy grew by 7.7% in the second quarter as consumers satisfied pent-up demand and foreign tourist arrivals picked up, the bank said in a report released Monday. It …

Land prices in provinces around HCMC soared to VND16-49 million ($684-2,095) a square meter. The highest price of VND74.1 million was recorded in Dong Nai province. The province’s average was also the highest at VND49.3 million, according to a report by property consultancy DKRA Vietnam. It was followed by Ba …