Business

Ban Gioc Waterfall in Cao Bang Province on the northern border has dried up almost completely except for a few hours a day when a hydroelectric plant releases water. A member of the Ban Gioc Waterfall Tourist Area management on Thursday blamed this on the lack of rain this year …

Binh Minh Plastic, which was acquired by a Thai company in 2018, doubled its profits in the first quarter though revenues only increased by 6%. It reported sales of VND1.45 trillion (US$61.7 million), and though costs increased, profit after tax doubled year-on-year to VND281 billion as the profit margin improved …

Ho Chi Minh City saw the ninth fastest growth rate globally in the number of millionaires last year, according to residence and citizenship advisory firm Henley and Partners. Vietnam’s biggest city saw their numbers rise by 84% to 7,700 individuals, it said in the 2023 The World’s Wealthiest Cities Report. …

Vietnamese fresh and dried banana exports to Japan and South Korea hit $6.6 million and $4.1 million respectively last year, accounting for 0.6% and 1.3% of the countries’ market shares. Vietnam can increase exports if local firms improve banana quality and packaging, and conduct more marketing campaigns, said Do Quoc …

Vietjet is offering passengers a promotion week from now until April 25 for tickets to Japan, Taiwan, South Korea, and Hong Kong priced from zero dong. From midnight April 19 to midnight April 25, passengers can freely hunt for VND0 tickets on Vietjet Air website and Vietjet Air mobile app, …

Vietnamese fresh and dried banana exports to Japan and South Kore hit $6.6 million and $4.1 million respectively last year, accounting for 0.6% and 1.3% of the countries’ market shares. Vietnam can increase exports if local firms improve banana quality and packaging, and conduct more marketing campaigns, said Do Quoc …

Export turnover in HCMC reached over US$10 billion in Q1, a 17% decrease year-by-year, and also the sharpest decline in 22 years. There has been a steady decrease in export turnover in most industries, from garments, to agriculture, to forestry, fishery and wood processing. Businesses are facing an unprecedented difficult …

The Airports Corporation of Vietnam (ACV) has set a revenue target of VND19.36 trillion ($823.92 million) this year, exceeding pre-pandemic levels and the highest since its establishment. ACV, which operates 22 airports in Vietnam, expects the aviation industry to see a strong recovery in both domestic and international flights. The …

Major southern taxi firm Vinasun saw post-tax profit surging by five times year-on-year to VND53 billion ($2.26 million) in the first quarter as post-pandemic recovery sped up. The company saw revenue doubling to VND325 billion, as the company’s fleet operated at 100% of capacity, it said in a report. The …

Vietnam’s benchmark VN-Index rose 0.03% to 1,049.25 points Thursday, with trading value dipping to the lowest since March 2. The index closed 0.27 points higher after losing 6.04 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 31.86% to VND6.63 trillion ($282.25 million). The VN-30 …