Business

Hoang Nam Tien, chairman of FPT Telecom for the last three years, has been named vice chairman of FPT University. He will not join the board of directors of FPT Telecom Joint Stock Company (FPT Telecom) for the 2023-28 term. After becoming chairman in March 2020, Tien, 54, led FPT …

Vietjet has announced that it will operate the first direct route connecting the resort town of Da Lat in the Central Highlands with Busan, the largest coastal city of South Korea, starting July. It will operate seven flights per week, starting July 13. Flights take off from Lien Khuong Airport …

The West Bus Station, one of Ho Chi Minh City’s biggest bus stations, said its first quarter profit almost quadrupled year-on-year to VND16 billion ($681,518) as fees collected from buses for using it and income from passenger services soared. The West Coach Station JSC (WCS), which operates the facility, said …

The number of property developers and brokers that dissolved or temporarily ceased operations surged 30% and 61% year-on-year, respectively, in the first three months of 2023, announced the Construction Ministry. The number of new firms established decreased by 63%, Hoang Hai, head of the ministry’s Housing and Real Estate Market …

Major foreign corporations are concerned that the proposed global minimum tax will make investing in Vietnam less profitable, according to the Ministry of Planning and Investment. The ministry said that over the past four months ending on April 20, foreign investors spent a total of nearly $8.9 billion in Vietnam …

Hanoi’s NHS Trung Van social housing project doesn’t open until 8:30am, but people have been waiting outside it’s doors to register for apartments since 2am. The scene has been the same ever night and day since the developer began receiving applications for the project. After visiting the place twice but …

Over 634,000 motorbikes were sold in Vietnam in the first three months, which translates to almost five units every minute. The figure dropped by nearly 16% year-on-year, according to the Vietnam Association of Motorcycle Manufacturers, which comprises Honda, Yamaha, Piaggio, Suzuki and SYM. The motorbike sales figure was 7.3 times …

Toyota Vietnam is recalling 12 Vios and 2 Yaris cars manufactured in 2022 with defective front seat belts. The fault in this case is not with the original equipment, but with replacements made by dealers. The seat belts in the 14 recalled cars are longer than the standard design, and …

Vietnam’s benchmark VN-Index dropped 0.63 percent to 1034.85 points Tuesday, lowest in five weeks. The index closed 6.51 points lower after losing 1.55 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 3% to VND9.42 trillion ($401.14 milllion). The VN-30 basket, comprising the 30 largest …

Nearly one million life insurance policies worth almost VND23.8 trillion (US$1.01 billion) were sold through banks last year. The number accounted for 46% of all policies sold last year, according to the Insurance Association of Vietnam (IAV). The cumulative number for bancassurance policies rose to 2.9 million while the sum …