Business

The proposed global minimum tax would weaken the international business environment in Vietnam by eliminating preferential tax policies for foreign direct investment (FDI), said Samsung Vietnam CEO Choi Joo Ho. The global minimum corporate tax rate of 15% on profits would remove exemptions and reductions that much of Vietnam’s FDI …

Regent Phu Quoc off the southern coast was the only Vietnamese representative to break into a list of the world’s 100 best new hotels as voted by US magazine Travel+Leisure’s editors and contributors. The editors have spent the last year tracking the essential hotel openings and reopenings around the world …

Thu Thuy, an online seller in Nghe An Province, dispatched goods when she received a screenshot of a bank payment transaction from a buyer, but the money never arrived. Initially she thought the payment had been delayed because it was an inter-bank transfer and a weekend. Only after contacting her …

Violet Zhu, a Shanghai-based electronic components exporter, has been attending jewellery auctions and chatting on social media forums on the subject this year, looking to invest in rubies and diamonds. “I don’t have the brain for stock investments, and I am waiting to redeem mutual fund products once they break …

Vietnam’s benchmark VN-Index dropped 0.57% to 1048.98 points Wednesday, the lowest in nearly four weeks. The index closed 6.04 points lower after gaining 1.21 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 1.52% to VND9.72 trillion ($413.88 million). The VN-30 basket, comprising the 30 …

Housing developers are turning to social and affordable housing again to survive in a collapsing market. Social housing is a segment that is always in high demand but has little supply. Experts have been pointing to a growing scarcity for the last two years, but developers were too busy in …

Toyota’s Raize and Corolla Cross now account for 40% of the compact CUV segment, with the rest divided between Kia, Mazda, Honda, and Hyundai. In the last two years the competition in the urban compact CUV segment has been hot, persuading car companies to bring in new products. The race …

Prices of speculative real estate assets have fallen by 15-50% over the past year as cash-strapped investors offloaded them at big discounts to cut their losses. They have fallen across the board with townhouses, villas, apartments, and land all being sold at lower and lower prices since the second quarter …

China’s Xiamen Airlines began operating its first flight from Xiamen to Vietnam via Hanoi-based Noi Bai International Airport on Tuesday, said an official from the airport. Flight MF869 which carried 164 passengers from Xiamen safely landed at Noi Bai airport at 4:25 p.m., marking the launch of the regular Xiamen-Hanoi …

The state-owned postal service Vietnam Post Corporation (VNPost) has failed to sell 140.5 million shares of LienVietPostBank in a second auction, with no one registering to buy them. The auction was originally scheduled on April 21 but was canceled, according to the Hanoi Stock Exchange. VNPost wanted to sell the …