Business

Vietnam’s benchmark VN-Index rose 1.69 percent to 1,174.82 points Tuesday with the majority of blue chips in the green. The index closed nearly 20 points higher after losing 16 points Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 6.8 percent to VND10.66 trillion ($455.81 million). The …

Popular tourist hotspots in central Vietnam, including several UNESCO heritage sites, have seen a surge in tourist numbers after Vietnam lifted most of its Covid-19 restrictions. After Vietnam allowed quarantine-free entry from March 15 and resumed most of its pre-pandemic visa policies, Da Nang’s tourism industry has seen hotel occupancy …

The Vietnam Competition and Consumer Authority has called on ride-hailing company Grab to explain the “heatwave surcharge” it charges customers. Many passengers have called the surcharge of VND3,000-5,000 ($0.13-0.21) per trip effective from July 6 vague since Grab has not described what it considers hot weather or said if drivers …

Toyota has called a halt to the import of its 2022 Hilux pickup into Vietnam over a lack of diesel supply meeting Euro 5 standards. Using low-quality diesel could damage the Hilux’s engine, and supply of Euro 5 diesel (DO-V) outside Ho Chi Minh City and Hanoi is limited, a …

Prices of new apartments in HCMC jumped by 8-15 percent in the second quarter but the secondary market slumped. High-end apartments accounted for nearly 78 percent of new supply in the second quarter, pushing the average price tag up from the first quarter, according to data from consultancy DKRA Vietnam. …

In 2001, Chris Freund founded Mekong Capital – a Vietnam-based private equity investment firm. Mekong Capital’s first six years were a struggle, and the company’s investments were unsuccessful. “At first, we did not have any activities to engage our team members; instead, we focused on imparting information and technical abilities …

The Korea Tourism Organization has named boy band BLANK2Y as South Korea’s honorary ambassador for tourism to Vietnam at a time when both countries are seeking to revive tourism. During its one-year tenure, the nine-member band will undertake tourism promotion through K-pop. They are scheduled to perform during the Korean …

Vietnam National Chemical Group reported profits of VND4.1 trillion ($175.6 million) in H1, up 31 times from 2021, thanks to rising fertilizer prices and post-Covid recovery of the agriculture sector. Its six-month profits were twice the annual business target this year. Revenues also rose by 26 percent to VND32.83 trillion, …

Vietnam’s benchmark VN-Index dropped 1.37 percent to 1,155.29 points Monday, dragged down by all banking blue chips. The index stayed in the red for most of the day and closed 16 points lower. Trading on the Ho Chi Minh Stock Exchange increased by 9.80 percent to VND11.45 trillion ($490.4 million). …

Vietnam sent the highest number of visitors to Cambodia in the first half of this year after its neighbor lifted all Covid restrictions, including pre-departure tests. There were 143,300 Vietnamese tourists visiting Cambodia during the January-June period, up more than 20 times year-on-year, according to statistics from the Cambodian Ministry …