Business

With the deadline for disbursement just over a month away, Ho Chi Minh City has only spent 0.06 percent of its allocated budget for subsidizing workers’ rents. The city has earmarked VND2.1 trillion ($89.67 million) for the period from April 1 to August 15, but has so far only disbursed …

Co-working spaces are becoming extremely popular in the post-Covid era and boast an average occupancy rate of 80 percent. The country has 179 co-working spaces concentrated in Hanoi, HCMC and Da Nang, according to corporate service provider Acclime Vietnam and property consultancy Knight Frank Vietnam. Alex Crane, managing director of …

Auto sales plunged 57 percent in June to 25,159 units, ending three consecutive months of gains, as supply plummeted due to a shortage of parts. Toyota, Ford and Mitsubishi dealerships pleaded a shortage of parts as their supply fell in Vietnam due to a global shortage of chips used to …

Gasoline prices may have fallen by 10 percent on Monday, but to many people’s chagrin this has not had a knock-on effect on other prices. Three days after fuel prices fell, Hanh, owner of a chicken pho restaurant in Hanoi, has yet to adjust prices downward. A bowl of pho …

Berocca Performance Mango, a brand of Consumer Health Bayer, has launched a campaign to affirm its commitment to raising awareness and comprehensively improving the health of consumers. The “Strengthen Energy to Radiate Positivity” campaign was kicked off by the Positive Energy Trip event and 2PM Turns on Positivity MV. Following …

Thousands of tourists stuck on Phu Quoc Island for days due to rough seas started returning to the mainland Thursday as the weather calms down, allowing ferry services to resume. Nguyen Vu Khac Huy, director of Vina Phu Quoc Tourism Co., Ltd., told VnExpress International that his company’s 42 Cambodian …

The U.S. dollar continues to gain against the Vietnamese dong on the unofficial exchange market as investors look to the greenback as safe haven amid global economic uncertainty. A dollar was sold at VND24,310 Thursday at unofficial exchange points, up 0.25 percent from Wednesday. This means the USD has gained …

Vietnam imported US$86.8 million worth of fertilizer from Russia in the first five months, up 60 percent year-on-year. Russia accounted for nearly a 10th of Vietnam’s total fertilizer imports at 180,000 tons, second only to China, which accounted for nearly 40 percent, according to data from the Ministry of Agriculture …

Parts of draft proposal prepared by the Ministry of Industry and Trade to categorize and manage retail outlets is “impractical and misleading,” retailers and experts say. They set out rigid parameters, complicate things and could eat into the profits of a business, they add. For instance, the draft says convenience …

Thousands of tourists stuck on Phu Quoc Island for days due to bad weather are struggling to return to the mainland with suspended ferry services and limited flights, leaving them anxious. As of Wednesday, over 40,000 tourists are now stuck in Phu Quoc, Vietnam’s largest island off the Mekong Delta …