Business

Businesses are still waiting for a new policy that will enable them to connect their rooftop solar systems to the national grid two years after Vietnam Electricity (EVN) stopped allowing such a mechanism. Since Vietnam began encouraging solar power development in 2016, many businesses and households have been installing rooftop …

Commercial joint stock banks have continued to lower deposit interest rates since the middle of this month, a move that is expected to help reduce lending rates and support businesses. From Feb. 14, GPBank lowered its saving interest rates by 0.4% points. The six-month term and 12-month term rates now …

Foreign-invested firms have called on the Vietnamese government to ease visa restrictions and improve airport infrastructure to turn Vietnam into an attractive tourist destination. Alain Cany, chairman of EuroCham, said at a meeting with HCMC top leaders on Wednesday that the country should extend its visa-free stays from the current …

Several Chinese smartphone models that have been activated in Vietnam remain unusable due to network locks. Minh Khoi in Hanoi’s Cau Giay District said he had bought a Realme GT Neo 5 via an unofficial channel (smartphones carried to Vietnam by individuals, not by official distributors), but most of its …

The number of flights and passengers has skyrocketed in the first two months of this year, according to the Civil Aviation Authority of Vietnam (CAAV). The number of flights topped 78,800 in the period, up 62.3% over the same period in 2022. The passenger volume through airports reached 19.7 million …

Ho Chi Minh City is one of the top Asian destinations for street food, Canadian publication The Travel has said. Calling the city the second most attractive destination in Asia for foodies, the magazine said “street food is a way of life in Vietnam,” where many locals prefer to consume …

Shrimp exports plummeted by 55% year-on-year in January to US$141 million due to weaker global demand and stronger competition from other countries. Exports to the U.S. were worth $23 million, down 65%, the sharpest decline among all markets, according to the Vietnam Association of Seafood Exporters and Producers. Shipments to …

An expensive crab sticky rice dish in Ho Chi Minh City has become popular with people from all around Vietnam over the past 5 years. Xoi cua (crab sticky rice) is presented to look like a crab. The half-sphere of sticky rice is placed on the center of a plate …

Property developer Novaland announced Wednesday it had accepted the resignation of board member and former chairman Bui Xuan Huy. He has been replaced by board member and new chairman Bui Thanh Nhon. Huy was Novaland CEO for two consecutive terms, starting in September 2017, before becoming its chairman in January …

Police on Wednesday said they had raided the office of Phap Viet Law Co. in Ho Chi Minh City (HCMC) and arrested 15 people who appeared to be working as unauthorized debt collectors for banks and financial firms. The raid occurred on Feb. 14 when the Ministry of Public Security, …