Business

Ninety percent of Vietnamese who lost their jobs in Q3 stopped looking for new employment, more than other Southeast Asian nations, a study found. The ratio in Indonesia is 60 percent and Malaysia 40 percent, according to a report by Asian Development Bank (ADB). It used data from the General …

Textile and garment companies in the south have been forced to turn down new export orders amid labor shortages and potentially huge freight costs. At a seminar Friday on sustainable development of the garment and textile sector, industry executives said two months after resuming operations, their major concerns now are …

Electronics retailer Mobile World is set to offer consumer loans of up to VND10 million ($435), and plans to sign a deal with credit provider F88 next week. The loans will carry interest of 1.1 percent a month. Customers need to repay within 12 months. They can get a loan …

The tourism ministry petitioned the government to resume visa exemption of less than 15 days for visitors from designated markets qualifying for the policy prior to the Covid outbreak. The proposal was part of a preliminary report on welcoming international tourists to Vietnam under a vaccine passport trial program during …

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, …

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 …

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 …

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, …

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 …

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 …