Business

Ford Vietnam is recalling 1,444 Ranger pickup trucks for improperly attached windshields. Their poor bonding could reduce the effectiveness of airbags in case of an accident and affect the vehicles’ roof. All the recalled vehicles were made between Jan 9 and July 9 last year. Ford did not disclose if …

Vietnam’s leading taxi firm Vinasun posted profits of VND57 billion ($2.44 million) in Q2, the highest quarterly result since 2017. Its revenues rose 65 percent to almost VND250 billion, driven by rallying business in the post-Covid period, the Vinasun management said. “Our taxi drivers have returned to work, and all …

Crowds habitually flood Bui Vien, a popular backpacker street in downtown Saigon, over weekends to enjoy the cheerful atmosphere.     Bustling nightlife returns to Bui Vien Bustling nightlife returns to Bui Vien

Vietnam’s benchmark VN-Index dropped 0.52 percent to 1188.5 points Monday with trade value hitting a 12-session low. The index closed 6.3 points lower after losing 3.7 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 8.7 percent to VND9.93 trillion ($424.45 million), lowest since July …

Louis Capital’s chairperson, CEO and chief accountant were among the key personnel to resign or be sacked in less than a month. It followed the arrest of former board member Do Thanh Nhan. The company announced the dismissal of chairman Nguyen Mai Long and vice chairman Trinh Van Bao last …

Vietnamese travel firms expect relaxed visa policies to increase foreign tourist numbers as the country lags far behind Southeast Asian neighbors post reopening. Pham Ha, CEO of Lux Group, which specializes in organizing luxury cruise tours, said revenues in the first six months this year only reached 21 percent of …

Investment in securities, a major source of income for many companies during the two years of Covid-19, has become a financial burden this year after markets plunged. Da Nang Housing Investment Development reported losses of over VND90 billion ($3.85 million) for the first six months “due to negative market factors,” …

Royal International Corporation (RIC), operator of a casino in the northern province of Quang Ninh, reported its 11th straight quarterly loss in the second quarter. But it was also RIC’s best quarter in nearly three years, with the loss of VND457 million (US$19,525) representing a fraction of the VND18.4 billion …

Textile firms are bracing for a profit plunge in the second half of this year, with the number of new orders slowing down since the middle of the second quarter. Most garment and textile enterprises have received orders for production until the third quarter or October, according to the Ministry …

Liquefied natural gas (LNG) power has been considered a major part of Vietnam’s solutions for reducing carbon emission, but the country is facing several hurdles in using it. LNG emits half the amount of carbon compared to coal in electricity production, therefore several experts recommended that Vietnam focuses on it …