Business

Restaurant operator Golden Gate has reported record profits of VND659 billion (US$27.9 million) for 2022, making a spectacular turnaround after making losses of VND430 billion the previous year. It operates over 20 restaurant and café brands like Kichi Kichi, Gogi House, Manwah, Kpub, iSushi, Hutong, Sumo, Vuvuzela, and The Coffee …

The government has sought the National Assembly’s approval to triple the duration of visa-free stays to 45 days for visitors from certain countries to foster the post-Covid recovery. A 45-day stay would give foreigners more time to explore Vietnam and seek business opportunities, thus facilitating tourism and socio-economic recovery, it …

Hanoi remained the most expensive place to live in Vietnam for the fourth year in a row, followed by Quang Ninh and Ho Chi Minh City, a national study has found. With a Spatial Cost of Living Index of 100 points, the capital was followed by Quang Ninh, 99.89 points, …

Bankrupt cryptocurrency exchange FTX has sent emails to many Vietnamese investors saying it seeks to refund their money. Hoang Quan, a crypto investor in Da Nang, is one of the recipients. He said: “At first I thought it was a scam email, but after many Vietnamese FTX users spoke about …

The government plans to have 1.5 million privately owned businesses by 2025 to make the private sector an important driving force for the economy. A recent resolution issued by the government envisages half of them being medium or large sized. Currently there are nearly one million private businesses, of which …

Property developer Tan Tao Investment and Industry Corp. has dismissed its CEO Dang Quang Hanh less than a year after he took the job. He is a younger brother of chairwoman Dang Thi Hoang Yen, who signed his dismissal order. But Hanh remains one of the company’s three board members. …

The government plans to have 1.5 million privately owned businesses by 2025 to make the private sector an important driving force for the economy. A recent resolution issued by the government envisages half of them being medium or large sized. Currently there are nearly one million private businesses, of which …

Honda Vietnam has hiked the prices of most motorbikes following an increase in costs, the biggest hike being of VND2 million ($85). The price of the Vision 110cc, its best-selling automatic model, has risen by 1.37% to VND37.09 million. The Air Blade 125cc, a powerful city motorbike favored by men …

Vietnam and Israel announced on Sunday the conclusion of negotiations for their free trade agreement (FTA), creating a premise for the two countries to sign the deal right this year. The announcement was made at a working session between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Israeli …

Vietnam’s video game market is too small for a special consumption tax but instead should be nurtured to full growth, observers say. VTC Game CEO Nguyen Ngoc Bao said that Vietnam’s game industry revenues remain modest at $600 million, accounting for only 0.5% of the global market. “Vietnamese game companies …