Business

Vietnam’s gasoline strategic reserves will be 10 times higher than now at 75-80 days of net imports by 2030, and to 90 days after the year. This is among the mandates in the national energy master plan for 2021 – 2030 recently approved by the government. The reserves have three …

South Korean retailer Lotte Corporation opened the Lotte Mall West Lake Hanoi, one of the largest shopping malls in the capital, on Friday. Located on Vo Chi Cong Street, Tay Ho District, the seven-story, 222,000-sq-m mall also has a five-star hotel with 264 rooms, 192 serviced apartments and a 21-story …

Despite a job at the world’s top technology company, a wife and kids, a big house and a nice car, Tran Quang Vinh still felt empty and lonely inside. From an early age, Vinh, now 37, finds no inspiration in any other subjects beside English and drawing on the computer. …

Alibaba.com, the global business-to-business e-commerce platform of Chinese tech giant Alibaba, will expand its investment in emerging manufacturing centers in Vietnam and additionally hire hundreds of employees. In the next three years, Alibaba.com will complete the establishment of specialized teams to operate in Vietnam’s emerging manufacturing hubs, including Binh Duong, …

Harvesting durians in the Central Highlands province of Đăk Lắk. — VNA/VNS Photo HÀ NỘI — The Việt Nam Vegetable and Fruit Association (VINAFRUIT) estimated that Việt Nam’s fruit and vegetable exports will top US$5.5-5.6 billion, which is a new record, in 2023. In November, exports reached nearly $375.48 million, …

Compass Offices provides global serviced office solutions to assist with the challenges of finding sufficient office space, as well as language barriers and onerous leasing procedures. HCMC is one of the country’s financial centers, contributing about a quarter of the country’s total GDP. With a population of over nine million …

Sabeco, the brewer of Saigon Beer, saw profits plunge 32% year-on-year to VND1.2 trillion ($50.7 million) in the second quarter as rising competition pumped up its marketing expenses. Fierce competition with international brewers forced the company to spend more on marketing and distribution, while demand has plunged from last year …

National Assembly Chairman Vương Đình Huệ with representatives of Thai businesses. — VNA/VNS Photo BANGKOK — Vietnamese National Assembly (NA) Chairman Vương Đình Huệ met Chairman of the Thai Chamber of Commerce (TCC) Sanan Angubolkuk and executives of several leading businesses of Thailand in Bangkok on Friday as part of …

Illustrative photo HÀ NỘI – Fitch Ratings has upgraded Việt Nam’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB+’, from ‘BB’, with the “Stable” outlook, the Ministry of Finance announced on December 8. The upgrade reflects Việt Nam’s favourable medium-term growth outlook, underpinned by robust foreign direct investment (FDI) inflows, …

Vietnam’s auto industry struggled to push sales with discounts in the first six months as demand plunged amid economic challenges. In June this year some dealers were still offering discounts for cars that were manufactured last year, an unusual move in the auto market. Some cars like the Toyota Corolla …