Business

Vietnam is rising as a key manufacturing hub for Japanese companies looking to diversify their production in Southeast Asia. Manufacturers have invested in advanced equipment and other sectors in Vietnam due in part to Japanese government subsidies to help companies exit China and to diversify production across Southeast Asia, Matsumoto …

Vietnam’s benchmark VN-Index rose 0.92% to 1048.2 points Wednesday, ending a four-session losing streak. The index closed 9.56 points higher after losing 5.06 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 46.71% to VND9.86 trillion ($417.31 million). The VN-30 basket, comprising the 30 largest …

Unable to collect receivables from cash-strapped property developers, more and more construction companies are cutting their payroll or even shutting down. Even construction businesses in niche markets such as landscaping and auxiliary equipment for property projects are struggling with cash flows. Since December 2022 a company in HCMC’s District 3 …

Foreign tourists arriving in Thailand by air will have to pay a fee of 300 baht (US$9) while those entering the country via water and land transport will be charged 150 baht each. The new entry fees will be effective from June after the Thai Cabinet approved the charges on …

The U.S. dollar went up against the Vietnamese dong Wednesday morning at most banks. Vietcombank sold the dollar at VND23,790 Wednesday, up 0.08% from Tuesday. Eximbank raised the greenback up 0.13% to VND23,780. The rate at Techcombank was VND23,785, up 0.04%. The State Bank of Vietnam raised its reference rate …

Foreign startups are eyeing Vietnam as one of their main markets thanks to the country’s large and young population, low costs and cheap and abundant labor force abundant. Vietnam has been among the top markets in terms of revenue for Singapore’s insurance startup Igloo ever since the company was launched …

The Hoa Binh Construction Group’s board of directors has accepted the resignation of independent member Nguyen Cong Phu. A resolution approving his resignation was posted on the company’s website on Tuesday, and it says it will be formally approved at the company’s next annual general meeting. He had a running …

Property developer FLC has pleaded force majeure for its failure to meet disclosure requirements and asked for its shares to be relisted on the Ho Chi Minh Stock Exchange. It told the country’s main bourse that it has been facing challenges and risks since its key leaders were arrested for …

American magazine Travel+Leisure has named UNESCO heritage site Ha Long Bay in northern Vietnam one of Asia’s most stunning places to watch sunrise and sunset. “UNESCO World Heritage site Ha Long Bay, with more than 2,000 limestone islands, is a tourism mecca in Asia, and deservedly so,” said the magazine. …

Corporate bonds worth VND273 trillion (US$11.57 billion) are set to mature this year, mainly in the second and third quarters, VNDirect Securities Corporation said. The redemption values are VND30.6 trillion in the first quarter, VND93.14 trillion in the second, VND89.5 trillion in the third, and VND60 trillion in the fourth. …