Business

Vietnam’s online gaming firm VNG is set to raise $200-300 million from both new and existing backers ahead of its potential U.S. listing. The unicorn startup, whose investors include Facebook co-founder Eduardo Saverin, intends to use the cash to expand, people familiar with the matter told Bloomberg. The news outlet …

Vietnam’s benchmark surged 2.35 percent to 1,446.77 points Tuesday with the biggest single day gain in five months as the number of new investors reached a new record. The index rose steadily throughout the day and closed 33.19 points higher, the biggest gain since July 7 when it hit 33.76 …

Samsung has invested $17.74 billion in Vietnam in the last 24 years, 29 percent of it in the last five. With eight manufacturing and research facilities in the country, the South Korean electronics giant achieved revenues of nearly $60.5 billion in the first 10 months of this year, Samsung Vietnam …

Frozen pork imports nearly tripled in the first 10 months of this year to 332,000 tons, according to the General Department of Vietnam Customs. Also imported were 350,000 pigs on the hoof from Thailand, a 50 percent increase year-on-year. Together they cost US$617 million. Its five biggest pork suppliers were …

Landlords earning less than VND100 million ($4,332) a year do not need to pay value-added or personal income tax, according to a new circular by the Ministry of Finance. If tenants pay at once over several years, the taxable income of landlords will be determined by dividing the total payment …

Landlords earning less than VND100 million ($4,332) a year do not need to pay value-added or personal income tax, according to a new circular by the Ministry of Finance. If tenants pay at once over several years, the taxable income of landlords will be determined by dividing the total payment …

Hanoi plans to ban motorbikes in core districts after 2025, five years earlier than an earlier plan, in order to reduce traffic congestion and emissions. The ban will apply to all districts within the third ring road and on three major roads: Truong Sa, Hoang Sa and National Highway 5, …

Government bond issuance and low bank lending interest rates will help revive the economy after the body blow it has taken from Covid-19, experts said. Vietnam needs to allocate 5.5-5.8 percent of its GDP, or VND445.76-666 trillion (US$19.46-29.07 billion) for economic recovery, according to the National Assembly Economic Committee. “Without …

Government bond issuance and low bank lending interest rates will help revive the economy after the body blow it has taken from Covid-19, experts said. Vietnam needs to allocate 5.5-5.8 percent of its GDP, or VND445.76-666 trillion (US$19.46-29.07 billion) for economic recovery, according to the National Assembly Economic Committee. “Without …

Authorities in Ba Ria-Vung Tau Province, home to popular tourist town Vung Tau, have allowed hotels, resorts and restaurants in low and medium Covid-risk areas to reopen from Friday. In those areas, authorities also permitted tourist spots, museums, movie theaters and religious sites to reopen. Non-essential services like karaoke parlors, …