Business

Ruby Roman, the world’s most expensive grape once sold for VND11 million (US$468) per bunch in Vietnam, now sells at less than one-tenth the price. Their authenticity is being questioned. Many fruit shops in Hanoi and HCMC are selling Ruby Roman grapes, exclusive to the Japanese prefecture of Ishikawa, at …

Germany has issued warnings about certain imported Vietnamese instant noodle products that contain heightened levels of ethylene oxide, a banned substance. The Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS), under the Ministry of Agriculture and Rural Development, said it had received warnings from the EU regarding certain …

A charter flight from South Korea is scheduled to arrive in Da Lat Saturday night, marking the first international service to the Central Highlands tourist town after over two years. The flight operated by Korean Air carrying 141 South Korean tourists would land at Lien Khuong Airport, around 30 kilometers …

Many securities companies reported major losses in the second quarter, mainly from proprietary trading, as the market went through a slump. Saigon-Hanoi Securities Joint Stock Company reported a net loss of nearly VND300 billion (US$12.7 million) in the second quarter of this year. Besides losses from securities trading, its brokerage …

The Vicem Ha Tien Cement Joint Stock Company saw net profit halve year-on-year in the first half to VND160 billion (US$6.8 million) due to higher costs. It reported revenues of VND4.34 trillion ($184.8 million), up 8.5 percent. The company said prices of key inputs like coal, oil and gypsum increased …

Vietjet Air and Boeing have officially signed a restructuring agreement to continue a contract to purchase 200 Boeing 737 aircraft. Under the agreement signed at the 2022 Farnborough International Airshow from July 18-22, Boeing and budget carrier Vietjet Air have agreed on a flexible delivery schedule in line with Vietjet’s …

Bank of America is seeking permission to set up a $50 million branch in Ho Chi Minh City, its executive vice chair of global corporate and investment banking Madhu Kannan has said. In a meeting with HCMC Chairman Phan Van Mai who is visiting the U.S., Kannan sought support for …

Vietnam’s benchmark VN-Index dropped 0.31 percent to 1,194.76 points Friday with trading falling to its lowest volume in six sessions. The index stayed in the green for most of the day but closed 3.71 points lower due to last-minute selling. Trading on the Ho Chi Minh Stock Exchange fell by …

Hotels in downtown Ha Long, home to the world-famous bay, are full for this weekend with thousands of tourists set to arrive for the VnExpress Marathon Amazing Halong. The race, which has attracted over 11,000 runners, will be run on Sunday on the coastal road along the bay, famous for …

Half of receivables is not received on the due date and another 6 percent is written off as bad debts, a survey of businesses has found. Trade credit insurer Atradius surveyed 200 businesses, who said they transacted an average of 58 percent of their business-to-business sales on credit, and the …