Business

Half of HCMC’s companies will have difficulty paying their workers Tet bonuses since their business was hit severely by the Covid-19 outbreak, a survey has found. The survey, done by the city Department of Labor, Invalids and Social Affairs, polled over 1,000 companies employing 175,000 workers. Deputy director of the …

The government expects manufacturing, exports and public spending to drive economic growth this year, and eyes GDP growth of 6-6.5 percent. It anticipates challenges this year as the pandemic seems set to continue amid businesses and people’s dwindling resilience. Growth would depend on controlling the pandemic, it said. Besides reviving …

Major multinationals (MNCs) like Nike and Foxconn expanded their operations in Vietnam last year, showcasing increased MNC interest in producing and doing business in the country. Several reports have said that the MNCs are attracted by key advantages that Vietnam offers including cheap labor and strong growth potential. A recent …

Vietnam’s benchmark VN-Index dropped 0.01 percent to 1,528.48 points Friday with trading value falling double-digit. The index fluctuated in the 1,520 range throughout the day and closed 0.09 points lower after achieving a new peak Thursday. It ended the week 42.5 points higher as new of a possible stimulus package …

The Chinese partners of several Vietnamese exporters have asked the latter not to send shipments by sea until a new decision is made. Sweet potato producer Nhat Thanh has a contract to export 50 containers of Thai jackfruit and sweet potatoes every month to China. The company and its Chinese …

The industrial land resource in HCMC has narrowed with less than 300 hectares in industrial zones that can be leased and used, industry insiders say. “HCMC hasn’t had a new industrial park in a long time, while the land resource and the number of industrial parks in neighboring provinces are …

While the franchise’s 2021 financial results took a hit because of the Covid-19 pandemic, a tangible gain has been the Starbucks VND90,000 ($4)coffee becoming a daily staple in Vietnam. Starbucks Vietnam general manager Patricia Marques said that despite the impacts of the nine-week social distancing orders in 2021, the global …

The average selling price of Grade A apartments in HCMC topped VND143.6 million ($6,266) per square meter in Q4, 2021, up 36 percent quarter-on-quarter. It also increases 23 percent over the same period last year, according to real estate service provider Cushman & Wakefield Vietnam. In the last quarter of …

Tet airfares have dropped to a three-year low and bus stations are deserted as travel demand remains lukewarm due to concerns about the Omicron variant of Covid-19. A two-way ticket between Ho Chi Minh City and Hanoi on January 28, the last day before the nine-day holiday starts, costs VND2.5 …

Thousands of workers of Taiwanese-invested footwear maker Pouchen Vietnam, a Nike contract manufacturer, struck work Friday, demanding the same Tet bonus as last year. They refused to return to work after finishing their lunch to protest the company’s policy to pay less bonus than last year for the coming Tet …