Business

Vietnam’s domestic retail sales are expected to increase from $142 billion at present to $350 billion by 2025, contributing 59% of the national GDP, according to the Ministry of Industry and Trade (MoIT). Last year, the total revenue from retail sales of goods and services rose 21%, exceeding the target …

Police officers in Thailand on Wednesday arrested a French man who had been wanted for extorting money from expats in the popular seaside resort town of Pattaya. According to the investigation, Herve Leonard, 58, claimed to have close connections with senior police officers in Thailand and extorted money from expats …

The U.S. dollar went up against the Vietnamese dong Friday on the black market but remained stable at banks. Unofficial exchange points sold the greenback at VND23,560, up 0.15% from Thursday. Vietcombank’s exchange rate remained stable at VND23,620. The dollar remained unchanged at Eximbank at VND23,580. Techcombank also maintained its …

Government agencies need to resolve the issues plaguing the property market so that other markets, such as bond, can recover, Prime Minister Pham Minh Chinh has said. The property market and corporate lending are key issues that need to be addressed, and the Cabinet has scheduled a meeting of ministers …

FedEx Express has named Ee-Hui Tan the new managing director for Vietnam and Cambodia in place of Hardy Diec. Tan started working at FedEx Malaysia in 2008 as an engineer and then became senior manager of ground operations in Singapore. Ee-Hui Tan, the new managing director of FedEx Express Vietnam …

Vietnam’s fuel exports to Laos rose by 439% last year to $125.4 million last year. Laos’s fuel demand rose but was unable to buy from other countries, and Vietnam sought to help its neighbor, the Vietnam Trade Office in that country said in a statement. Laos relies on imports from …

Australian travel magazine Lonely Planet has named Vietnam the fourth best place in the world to go for a budget honeymoon after Morocco, India and Portugal. It advised tourists to visit Vietnam outside of the peak summer travel season in July and August to find budget-friendly accommodation. The magazine recommended …

Gold sales rose by 37% last year to 59.1 tons, the fastest increase in Southeast Asia, the World Gold Council reported. Jewelry demand rose by 51% to 18 tons, the highest growth in 14 years, it said. Andrew Naylor, managing Asia-Pacific director (excluding China) of WGC, said there were many …

Gasoline retailers are complaining again of systemic issues that have been plaguing their business and forcing them to sell at a loss as distributors and suppliers exclusively manage supply. In recent weeks many gasoline stations in Hanoi, Hai Phong and Ho Chi Minh City have put up “out of fuel” …

Crab racing has become a popular folk game in Con Chim tourism area in the Mekong Delta province of Tra Vinh, exciting both locals and tourists.     People enjoy crab racing game in Mekong Delta Giải đua cua gây cấn Video shared by dulich_seatravel on TikTok