Business

Deputy CEO of FLC Group, Vu Dang Hai Yen, will work as acting chairwoman of the Board of Directors at FLC and Bamboo Airways. Trinh Van Quyet, chairman of real estate developer FLC and Bamboo Airways, authorized Yen’s appointment before he was arrested Tuesday pending investigations into suspicions of stock …

Conglomerate Vingroup has partly sold its stake in One Mount Group, a company established in partnership with Techcombank and Masan to build an electronic ecosystem for consumers. Vingroup is no longer the parent company of One Mount Group, it recently stated, without mentioning how much stake it has sold. The …

Vietnam’s benchmark VN-Index surged 0.98 percent to 1,497.76 points Tuesday, its biggest gain in six sessions, with most blue chip tickers closing in the green. The index stayed in the green throughout the day and closed 14.58 points higher, after plunging over 15 points Monday as speculative stocks bottomed. Trading …

  Nguyễn Thị Hương, General Director of GSO, spoke at a press conference to announce socio-economic statistics in the first quarter, held on Tuesday in Hà Nội. VNA/VnExpress News Photo Tuấn Anh HÀ NỘI – The Vietnamese economy expanded at 5.03 per cent in the first quarter of this year, the …

Vietnam’s GDP rose by 5.03 percent Q1, compared to 4.72 percent in the same period last year, according to the General Statistics Office on Tuesday. Industry-construction grew by 6.38 percent, accounting for 51.08 percent of GDP. Services accounted for another 43.16 percent on 4.58 percent growth, while agriculture, forestry and …

Some foreign airlines have increased the frequency of regular flights connecting to Ho Chi Minh City and Da Nang after Vietnam reopened to international tourism. From March 27, Singapore Airlines doubled its frequency on the route between Singapore and HCMC to 21 weekly flights. Earlier, the carrier operated 11 weekly …

A land fever based on golf course rumors has transformed the lives of low-income residents for the better with prices going through the roof. Tran Thi Lan had never imagined in her wildest dreams that she would receive VND1.9 billion ($83,065) from selling her family’s land in a remote area …

  Workers at Bát Tràng pottery village in Hà Nội. VGP Photo HÀ NỘI — Hà Nội has set aside more than VNĐ2 trillion (US$87 million) in funds to support poor households, vulnerable groups, and small-to-medium sized businesses in a bid to speed up the capital’s economic recovery. The funds will be …

A land fever based on golf course rumors has transformed the lives over 100 low-income Ha Tinh residents for the better with prices going through the roof. Tran Thi Lan had never imagined in her wildest dreams that she would receive VND1.9 billion ($83,065) from selling her family’s land in …

Vietnam’s GDP growth is set to double to 6.1 percent this year, thanks to recovery in domestic demand and strong exports and foreign direct investment inflows, Fitch Ratings said. The global rating agency affirmed Vietnam’s long-term foreign currency issuer default rating at ‘BB’ with a positive outlook Monday. “The affirmation …