Business

Vietnam plans to resume direct flights between beach resort town Cam Ranh and Nur-Sultan and Almaty cities in Kazakhstan in September. There would be two to three weekly flights on each of the routes, Kazinform news agency reported. Flights were suspended in March 2020 soon after the Covid-19 pandemic began. …

Vietnam halved its Most Favored Nation (MFN) tariff on gasoline to 10% Monday as it seeks to diversify supply. The MFN import tariff is a standard rate applied for trade between World Trade Organization (WTO) members unless a separate trade agreement exists. But the cut is unlikely to reduce gasoline …

Members of the Canadian pop/rock country band The Moffatts visited Sa Pa in the northern highlands, Phu Quoc Island in the south and walked along Saigon’s Bui Vien Street. The Moffatts, one of the most beloved boybands the 1990s and 2000s, performed at the HAY Glamping Music Festival in Hanoi …

Hoang Kha, 22, once quit his day job and invested thousands of dollars in the popular video game Axie Infinity. The HCMC office worker first heard of the NFT-based game last summer, and, after a few weeks of research, decided to invest US$1,000 into three non-fungible tokens linked to in-game …

Australian magazine Traveller has listed Vietnam among the eight “best places to go in Asia for a holiday.” It recommended December-March, when the weather is “pleasant,” as the ideal time to visit the long, sandy beaches of Vietnam. It particularly recommended Quy Nhon, the beach resort town on the south-central …

A 24-hour office building is coming up in HCMC with the owner targeting multinationals that need to operate simultaneously in various time zones. CEO of apartment leasing company Sabay Home, Nguyen Huu Thien, said he is building the nine-story facility in Tan Binh District near Tan Son Nhat International Airport. …

Le Ba Nguyen, the newly appointed chairman of property developer FLC, has resigned from the board of BOS Securities, a subsidiary linked with many FLC executives. Nguyen cited “personal reasons” for the decision. His resignation Wednesday came two weeks before the company’s annual general meeting. He became a BOS director …

Food producer Nutifood has acquired two million shares of Quang Ngai Sugar, which owns the Vinasoy soy milk brand. The deal, estimated to be worth VND87 billion ($3.72 million), increased Nutifood’s ownership to 19 million shares, or a 5.33 percent stake. There have been rumors since the end of last …

The U.S.’s latest rate hike will not have a major impact on Vietnam’s currency and trade, but high inflation remains a threat and demands stronger action, analysts said. Last week’s U.S. rate hike of 0.75 percentage points would not impact the USD-VND exchange rate — the U.S. dollar actually fell …

The HCMC Lottery Company Ltd. earned profits of VND736 billion (over $31.46 million) in the first half of the year, an increase of 27% year-on-year. The company recorded H1 revenues of VND5.46 trillion, completing nearly 54% of the year’s target, the company said in its financial statement. The main source …