Business

One month ago, Jennifer Le’s parents looked over their deserted California pho shop in heartbreak. “It makes me so sad to see my parents wait for customers to walk through the door to eat at their Vietnamese restaurant,” reads the caption of a video Le posted on January 19. Pho …

Cambodia will allow Chinese tourists to pay for tourism services in yuan, instead of the Cambodian Riel or U.S. dollar as part of its policy to boost tourism recovery. All hotels and restaurants, as well as all tourism services, will be able to accept payment in Chinese yuan, Tourism Minister …

The Wuling Hongguang Mini EV, the bestselling small electric vehicle in China, is set to be assembled and sold in Vietnam starting this year. Under a deal signed by Vietnam’s TMT Motors Corporation and SGMW, a joint venture between the U.S.’s General Motors and China’s SAIC and Wuling, the former …

After a year of record sales and profits despite slowing global growth the luxury sector is looking to the reopening of China to deliver further expansion in 2023. The world’s largest luxury group LVMH posted a 23% jump in sales to a record of EUR79 billion (US$86 billion) in 2022 …

SJC gold price increased by 0.07% to VND67.15 million ($2,830.35) per tael Monday morning. Gold ring price inched up 0.09% to VND54.5 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices were stuck in a tight range on Monday, as bets of more interest rate …

Vietnamese automaker VinFast has received the air quality permit, which it requires to proceed with the construction of its US$2-billion auto plant in North Carolina, the U.S. The company is in the process of obtaining additional permits for the factory to be built in Chatham County, and plans to begin …

Sofitel Legend Metropole Hanoi has earned a prestigious five-star rating from Forbes Travel Guide for a fourth year in a row. It is one of only two hotels in Vietnam to receive the rating, the other being Four Seasons Resort The Nam Hai in Hoi An. Three others have received …

Buy2Sell Vietnam is cooperating with Kasikornbank (KBank), one of the largest banks in Thailand, for a wide launch of the K Plus Vietnam application for Vietnamese users. K Plus Vietnam, a mobile banking application for financial transactions from Kasikornbank, is now available on the e-commerce platform Buy2sell Vietnam. Harry Morant, …

Property developer FLC, whose 710 million shares have been delisted from the Ho Chi Minh Stock Exchange, has been allowed to list on the Unlisted Public Company Market. As it meets the criteria for a public company, the listing will take place on Feb. 22, according to the Hanoi Stock …

China has been cutting mortgage rates since last year to boost sales in its moribund property market, but the main result so far has simply been a rush by households to pay off existing mortgages early, potentially squeezing banks’ profits. Analysts estimate that nearly $700 billion of mortgages – close …