Business

The national aviation authority is seeking approval to upgrade Cam Ranh Airport in central Vietnam at a cost of VND24.3 trillion (US$1.02 billion). The proposal submitted by the Civil Aviation Authority of Vietnam expects the upgrade to quadruple the airport’s capacity to 25 million passengers a year by 2030. In …

Real estate giant Vinhomes transferred its 99.88 percent stake in Vinpearl Landmark 81 company to tourism company Vinpearl. It had set up Vinpearl Landmark 81 in February with a charter capital of VND1.6 trillion ($68.5 million), and its main businesses included ecotourism and leasing villas, hotels and condotels. Both Vinhomes …

Chau Ngan, 28, ended her shift at a coffee shop in HCMC at 10 p.m and immediately turned on a laptop to check on her restaurant in Da Nang. Three months ago she got someone to manage her restaurant and left for HCMC to work as a manager at a …

Rice exports to the U.S. surged by 71.3 percent in the first five months, the highest growth rate of any market, the Ministry of Agriculture and Rural Development said. American consumers like Vietnamese long-grain fragrant rice varieties such as ST25, adjudged the world’s best in 2019, and for the last …

Two photos capturing stork season and the dragon procession in Ninh Binh Province secured gold medals for Vietnamese photographers at the “Two Country Circuit” international contest. The photo taken by Nguyen Dang Hao captures thousands of storks flying above Van Long Lagoon, surrounded by karst limestone mountains and spectacular caves. …

Vietnam’s benchmark VN-Index dropped 1.19 percent to 1,181.29 points Tuesday, the lowest since June 22. The index closed 14.24 points lower after losing over 3 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) rose by 37 percent to VND13.81 trillion ($591.3 million). The VN-30 basket, comprising …

Manufacturing companies are offering various benefits to attract interns as a labor shortage threatens to stymie their post-Covid recovery. Nguyen Chi Bao was recruited after a three-month apprenticeship by metal company Dai Dung in HCMC’s Binh Chanh District. Bao, 20, a student at the Viet Xo Vocational School in the …

The Ministry of Finance is backing proposals by Da Nang City and Khanh Hoa Province to license two new casinos meant exclusively for foreigners. The casinos would be built at entertainment and resort complex Sun World Ba Na Hills in Da Nang City and Hon Tre Island in Khanh Hoa …

Malaysian low-cost airline AirAsia has announced the resumption of direct flights from Kuala Lumpur to Nha Trang and Da Lat this week. There will be two weekly flights on each sector, with fares costing RM179 (US$40.50). They had been suspended in April 2020 following the Covid outbreak. Riad Asmat, CEO …

Asset management company Dragon Capital has bought 2.1 million shares of HCMC-based Sacombank, increasing its stake in the bank to 6.09 percent. On June 29, two affiliated funds, CTBC Vietnam Equity Fund and Norges Bank, bought 2.3 million shares of the lender while a third, Samsung Vietnam Securities Master Investment …