Business

The national carrier Vietnam Airlines will resume a direct service between the central beach city of Da Nang to Tokyo’s Narita Airport with four flights per week starting from March 26. The airline’s deputy general director Trinh Ngoc Thanh stressed at the official signing ceremony on March 3 that cooperation …

The Chinese government has decided to include Vietnam in a list of countries that can receive outbound tours from China, starting from March 15. Banh The Doan, Cultural Counselor of the Chinese Embassy in Vietnam, made the announcement at a meeting Wednesday, Nguyen Phuong Hoa, Director of International Cooperation Department …

Mercedes Vietnam announced it will recall 492 ML and GLE cars sold in Vietnam beginning March 15 to fix inconsistent design features and repair errors in the spare wheel compartment. The affected SUVs were manufactured and imported between February 2012 and October 2019. German luxury vehicle company Mercedes is recalling …

Women are strongly represented in Vietnam’s banking sector, but are absent from many senior leadership positions, according to a new study. Women make up 68% of employees at the 18 banks surveyed, but are overrepresented at the entry level, where they account for 60% of the workforce. They are also …

Two associations have proposed that auto registration fees be cut by half for cars manufactured and assembled locally to boost sales. The Vietnam Automobile Manufacturers Association (VAMA) and the Vietnam Association of Mechanical Industry (VAMI) also jointly proposed to the government that the special consumption tax on cars be delayed …

Policymakers are continuing to debate whether it’s necessary to put an ownership duration on apartments, a policy proposed by the Ministry of Construction but opposed by the public. As the construction ministry continues to work on a draft bill to modify the Housing Law, most government officials have approved placing …

Authorities in the southern province of Ba Ria-Vung Tau have approved a VND256-billion ($10 million) renovation of a historical prison on Con Dao Archipelago, once dubbed “Hell on Earth.” The work will include upgrades to Ma Thien Lanh Bridge, which was built by hundreds of prisoners during the French colonial …

SJC gold price slipped 0.37% to VND66.45 million ($2,801.43) per tael Wednesday morning, lowest in 5 months. Gold ring price also dropped 0.46% to VND53.95 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices slipped to a one-week low on Wednesday after U.S. Federal Reserve …

Vietnam’s benchmark VN-Index rose 1.09% to 1049.18 points Wednesday. The index closed 11.34 points higher after gaining 10.66 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 3.48% to VND8.54 trillion ($360.07 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers …

Two Vietnamese will go on trial in Ho Chi Minh City (HCMC) for helping a group of foreigners defraud a U.S. company of $94,700. Nguyen Thi Lan Anh, 50, and Nguyen Khac Chuong, 45, will be tried on March 16 at the HCMC People’s Court for illegally obtaining the assets …