Business

HCMC’s biggest event space operator In Hospitality saw post-tax profits surge 11-fold to VND130 billion ($5.5 million) last year. Its equity rose 22% to VND670 billion, and its debt fell 17% to VND308 billion, including VND33.5 billion in bonds, according to the company’s latest financial report. In Hospitality manages the …

OPPO will bring the OPPO X AMBUSH FLIPPED PADLOCK to consumers this festive season with a series of creative pop-up events across Asia-Pacific SHENZHEN, CHINA – Media OutReach Newswire – 5 December 2023 – OPPO, a leading smart device brand, announced a new collaboration with fashion house AMBUSH®. The collaboration …

Lawmakers are urging the government to speed up the use of VND1,025 trillion ($42.57 billion) in state coffers for urgent projects to boost economic recovery. Lawmaker Ha Sy Dong, deputy chairman of Quang Tri Province, said Thursday that the large amount of cash should be used for key projects to …

  The US International Development Finance Corporation and VinFast signed the letter of interest. — Photo courtesy of VinFast HÀ NỘI — The US International Development Finance Corporation (DFC) has signed a letter of interest (LOI) with electric vehicles maker VinFast considering the Vietnamese company’s application for a US$500 million …

  Governor of the State Bank of Việt Nam Nguyễn Thị Hồng and Governor of the National Bank of Cambodia Chea Serey at the launching ceremony of the Việt Nam-Cambodia cross-border QR payment link. — Photo courtesy of NBC PHNOM PENH — Việt Nam and Cambodia have officially launched a bilateral cross-border …

Car manufacturers are increasingly bringing luxury electric vehicles to Vietnam to acquaint the market with EVs. Unlike the popular EV segment, which has only one manufacturer, local firm VinFast, the high-end segment with vehicles costing billions of dong (VND1 billion = US$42,400) has attracted many global players. All the luxury …

  Vietnamese Ambassador to Italy Duong Hai Hung and President of the European Union (EU) Handicrafts Council, Elisa Gudi, together with representatives of the Hanoi Department of Agriculture and Rural Development, cut the ribbon, opening Hà Nội’s exhibition area at the fair The 27th Artigiano International Handicrafts Fair is taking place …

Vietnam’s benchmark VN-Index rose 1.15% to 1090.84 points Friday, highest since Jan. 31, with a surge in trade value. The index closed 12.45 points higher after gaining 3.22 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 32% to VND18.35 trillion ($781.52 million). The VN-30 …

There is still room for growth in ports, warehousing, and transportation despite the decline in global demand, according to Andy Ho, Chief Investment Officer of VinaCapital. VinaCapital and A.P Moller Capital have announced a strategic partnership to establish a joint platform to grow and scale investments in logistics and transportation …

HONG KONG SAR – Media OutReach Newswire – 5 December 2023 – Hong Kong residents’ enthusiasm for traveling north has surged. In October of this year, the number of arrivals to the mainland reached a record 5.35 million, with more than 200,000 people heading north every weekend. The Greater Bay …