Business

The Indonesian authorities have deported 47 foreigners, including 13 Russians, for violating the terms of their visas and for using their tourist visas to work in the country. The move is part of the government’s crackdown on foreign tourists misusing their visas to work on Bali, Bloomberg reported. Bali is …

SJC gold price fell 0.22% to VND67.45 million ($2,859.69) per tael Tuesday morning. Gold ring dropped 0.09% to VND55.85 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices edged higher on Tuesday, with investors looking forward to the Federal Reserve policy meeting as expectations grew …

Finding new and niche markets is among the means by which factories are coping with the fall in export orders. After seeing orders from Europe plunge by 70% in recent weeks, shoemaker Chang Shuen in the southern province of Binh Duong quickly turned to the U.S., a market it has …

Auto sales fell by 27% to 68,402 units in the first two months of the year as consumers tightened purse strings amid rising inflation and credit remained expensive. Members of the Vietnam Automobile Manufacturers Association reported a 25% drop in sales to 53,544 units. Truong Hai Auto Corporation, the biggest …

A taxi driver in Thailand has been banned from picking up passengers at Suvarnabhumi International Airport after allegedly using a fake list of flat-rate fares to overcharge a Taiwan visitor. The tourist took a taxi from Suvarnabhumi International Airport to the downtown area of Bangkok for a trip that would …

Hundreds of tourists flocked to Hanoi’s Train Street last weekend for the thrill of drinking coffee beside a working train track, despite warnings from local authorities.     Hanoi Train Street draws tourists aware of danger Hanoi Train Street draws tourists aware of danger

Property developer FLC will use nearly 155 million Bamboo Airways shares as collaterals for loans from lender OCB, repeating a decision it made three years ago. The company will also use golf project FLC Quang Binh Golf Links as collateral for the loans from the same bank. FLC used a …

Traders are busy buying the best quality durian, jackfruit, cassava, and cashew nut possible to export to China, whose demand seems to be insatiable. This has been the busiest year ever for traders like Nguyen Thi Thuy Linh in the southern province of Tien Giang. She has been scrambling to …

Gabor Fluit, Director of De Heus Asia, has been elected Chairman of the European Chamber of Commerce (EuroCham) in Vietnam. Fluit took over the position from his predecessor Alain Cany, Chairman of Jardine Matheson Vietnam Group. The new president of EuroCham has experience in retail banking after working at ABN …

Representatives of South Korean, European and American businesses in Vietnam are complaining that they’re struggling to obtain work permits for their foreign employees due to inconsistent and vague regulations. Hong Sun, chairman of the Korea Chamber of Business in Vietnam (KOCHAM), told the Vietnam Business Forum 2023 on Sunday that …