Business

‘You can fly back now! Normal travel is coming back!’ my Saigonese friend excitedly told me. The Vietnamese government announced that international travel will return to normal March 15, 2022. With that banner headline, I decided whatever scant details that came along, I will just book my flight from Singapore …

Housing prices in Hanoi rose the most in five years, driven up by limited supply and the specter of inflation. According to leading property consultancy CBRE, the average price of a new apartment increased by 13 percent to US$1,655 per square meter. In the secondary market, it was up 9 …

Major seafood producers expect a double- or triple-digit rise in profit this year on surging prices and recovering demand. Vinh Hoan Corporation, the largest listed seafood company, targets a 36.5-percent rise in profits to VND1.5 trillion ($65.6 million) IDI International Development & Investment, the second largest, expects a sixfold increase …

The prices for Vietnamese 5 percent broken rice rose to $420 per ton late March, the highest in the past 3.5 months. Vietnam exported 1.48 million tons of rice worth $715 million in the first three months this year, up 24 percent in volume and 10.5 percent in value against …

Subsidiaries of real estate developer Tan Hoang Minh have been buying bonds from each other and illegally selling them to retail investors as an “investment partnership”. The Hanoi company saw its chairman and five other current and former executives being arrested this week for alleged frauds in nine bond issuances …

The chairman of Vietnam’s Vingroup conglomerate said on Saturday that the company’s auto unit, VinFast, would seek financing from the U.S. government to support its expansion with a planned plant in North Carolina. “It is also one of our financing options, but we need to prove to them that we …

Pizza 4Ps racked up a net loss of VND38 billion ($1.66 million) last year, as it struggled to recover from Covid-19 hits. The chain, produces pizzas, cheese and other dairy products, had posted its first ever loss of VND20.8 billion in 2020. Before the pandemic hit, the chain earned profits …

Vietnamese automaker VinFast said on Thursday its Singapore-based holding company had filed for an initial public offering (IPO) with U.S. securities regulators, as it plans spending of $4 billion on its first U.S. factory complex. VinFast, which became the first fully fledged domestic car maker in 2019, is betting big …

Vietnam should restart its nuclear energy program by 2030 to reach the goal of carbon emission neutrality that it has committed to achieve by 2050, said experts. “Restarting the nuclear power program by 2030 is the only way to achieve our net-zero carbon commitment by 2050 (as committed at COP26),” …

It’s an image that has become synonymous with Vietnam’s stupendous scenic beauty – the limestone karsts and isles magically rising out of green, placid waters in Ha Long Bay. The limelight that the spectacular UNESCO World Heritage Site hogs leaves Ha Long in the relative shade and it is not …