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Business

Border block imprisons truck drivers, threaten losses

Border block imprisons truck drivers, threaten losses

Tightened Covid-19 measures and “technical difficulties” are preventing Vietnamese goods from entering China smoothly, leaving thousands of truck drivers stranded for weeks with deteriorating fresh fruit. After driving a 45-ton container truck carrying mangoes 1,700 kilometers from the southern province of Tien Giang to the northern province of Lang Son, …

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Vietravel sells majority stake in airline

Vietravel sells majority stake in airline

Tourism company Vietravel has sold a 55.58 percent stake in Vietravel Airlines to an unspecified investor as it seeks more funding amid Covid financial pressures. “Vietravel is no longer the parent company of Vietravel Airlines,” it stated recently. In a filing last month, Vietravel revealed it held a 99.5 percent …

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Trading value hits three-week high

Trading value hits three-week high

Vietnam’s benchmark VN-Index rose 0.22 percent to 1,479.79 points, with trading value surging to a three-week high. The index moved up to the 1,480 range and stayed there most of the day before closing with a 3-point gain. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which …

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Property market to be strong in 2022: analysts

Property market to be strong in 2022: analysts

The property market is likely to make a strong recovery in 2022 amid economic rebound, according to analysts. “Vietnam’s economy is forecast to grow at 6-6.5 percent next year,” economist Can Van Luc said at a conference on real estate on Dec. 13. “If economic recovery programs are well implemented, …

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Van Don grabs world’s leading regional airport award

Van Don, Vietnam’s first private airport, has surpassed six other nominees to claim the world’s leading regional airport title at World Travel Awards. The airport in the northern province of Quang Ninh beat competitors Chubu Centrair International Airport in Japan, Denver International Airport in the U.S., Gimpo International Airport in …

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B2B shopping app taps Vietnam’s e-commerce potential

The ranking of businesses in Vietnam’s map of e-commerce changed in the second quarter of 2021, with the volume of Google searches for essential online stores skyrocketing, according to an iPrice Group study. The study showed online groceries was the only category to maintain steady and consistent growth since the …

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Stock market gains 33 percent in year of Covid

Stock market gains 33 percent in year of Covid

The Vietnamese stock market has had a bullish year despite Covid-19, with the benchmark VN-Index rising by over 33 percent to reach a new all-time high. Starting off the year at 1,100 points, up nearly 60 percent from a slump in April 2020, the index gave investors hope that it …

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Foreign investors net sell for 5th straight session

Foreign investors net sell for 5th straight session

Vietnam’s benchmark VN-Index rose 0.08 percent to 1,476.1 points Thursday, with foreign investors net selling for the fifth session in a row. The index continued sideways due to the lack of supporting news and closed one point higher. This was its fourth session in the 1,470 range. Trading value on …

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