Business

Chinese media reports that Xiaomi has started producing smartphones in Vietnam have set off debates including expressions of disappointment and excitement in China. Xiaomi’s devices are made in Vietnam by DBG Technology, a subsidiary of Hong Kong’s DBG Electronics Investment Limited, at an $80-million factory in the northern province of …

Vietnam’s benchmark VN-Index rose 1.47 percent to 1,166.48 points Thursday but with plunging trade. The index closed nearly 17 points higher after losing almost 32 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 27.9 percent to VND9.06 trillion ($388 million). The VN-30 basket, comprising …

Vietnam agreed to join other members of ASEAN in efforts to return tourist numbers to pre-pandemic levels and called on them to completely lift Covid-19 restrictions to foster recovery. Ha Van Sieu, deputy head of the Vietnam National Administration of Tourism, said at an online regional tourism conference on Wednesday …

The Vietnamese aviation industry is struggling to restore pre-pandemic frequency of international flights to key tourism markets as several retain tough entry policies, officials says. Dinh Viet Thang, head of the Civil Aviation Authority of Vietnam, said at a Tuesday conference that the industry has seen positive signs in the …

The International Monetary Fund pegs Vietnam’s growth at 6 percent this year and 7.2 percent in 2023 driven by a recovery in consumption and industrial production. While inflation has recently risen due to rising commodity prices and supply-chain disruptions, it remains well below the central bank’s ceiling given the economic …

Leaders from two generations of Hoa Binh Group shared with the talkshow The Next Power their “clashes” when implementing innovation strategy.     Innovation journey through 2 generations at Hoa Binh Group Innovation journey through 2 generations at Hoa Binh Group

Lender HSBC has raised its growth forecast for Vietnam from 6.6 percent to 6.9 percent thanks to the country’s broad-based recovery from two years of Covid-19 impacts. Fading Omicron risks and easing of restrictions have set the basis for Vietnam’s return to normalcy, with GDP growth in the second quarter …

Vietnamese lawmakers have approved the second environmental tax cut on gasoline starting next week to contain surging fuel prices, two months after the first reduction came into effect. In an extraordinary meeting Wednesday morning, the Standing Committee of the National Assembly greenlighted an additional 25 percent cut on environmental tax …

Vietnam’s benchmark VN-Index dropped 2.68 percent to 1,149.61 points, lowest since February 2021, with foreign investors net sale nearly tripling. The index closed almost 32 points lower in its third losing session in a row as most major Asian markets were in the red. Trading on the Ho Chi Minh …

Workers in the southeast region continue to earn the highest incomes nationwide at VND8.5 million ($364 million) a month in the second quarter, up 8.5 percent from the first. Some localities in the region that recorded higher than average incomes were Ho Chi Minh City at VND9.1 million and Binh …