Business

Over 20 banks are listing deposit interest rates of 9-10% a year, and smaller lenders are offering negotiable interest rates of up to 11.45% for deposits over a hundred million dong (VND100 million=$4,264). Among 35 banks surveyed by VnExpress at the end of January, the highest interest rates at private …

Ninh Binh, home to the limestone karst mountains that used to protect Vietnam’s feudal capital, ranked seventh on a list of the 10 most welcoming destinations on Earth published Booking.com. The ranking was based on an analysis of more than 240 million verified customer reviews on the Dutch-based online travel …

The Federal Reserve said on Wednesday it had turned a key corner in the fight against high inflation, but that “victory” would still require its benchmark overnight interest rate to be increased further and remain elevated at least through 2023. In announcing its latest policy decision, the U.S. central bank …

Leading food and animal feed producer Dabaco Group posted a net loss of over VND79 billion (nearly $3.35 million) in Q4 of 2022, recording its first decline in five years. The loss was mainly due to unexpected lower pork prices. Pork prices based on live weight in late December 2022 …

Tourism company Vietravel was back in the black in 2022 with pre-tax profits of VND121 billion (US$5.1 million) after racking up losses for two years amid Covid. It reported revenues of more than VND3.8 trillion in 2022, VND1 trillion higher than the combined revenues of 2020 and 2021 when it …

Saudi Arabia’s Ministry of Foreign Affairs has launched a new transit visa allowing stopover air passengers to stay in the kingdom for up to four days for tourism and pilgrimage purposes. The new visa, which is only for passengers flying with Saudia Airlines and Flynas Airlines, came into effect on …

Orion Food Vina, the producer of the popular ChocoPie snack, led sales in Vietnam’s confectionary industry last year with a record revenue of over $400 million. The Vietnam subsidiary of South Korea’s confectionary maker Orion Corp was the biggest manufacturer in Vietnam in 2022 when its ChocoPie products accounted for …

The government is considering taxing land and buildings separately as Vietnam’s property tax remains low compared to other countries. In Vietnam there is no tax on buildings although urbanization has created a considerable added value to land, while some countries tax both land and buildings, the government said in a …

The Thai government has given the greenlight for the building of a 290-billion baht ($8.82 billion) aviation city, with construction expected to begin early this year. The project will turn U-Tapao Airport, the gateway to Rayong and Pattaya cities, into a new international airport linked with Don Mueang and Suvarnabhumi …

Orion Food Vina, the producer of the popular ChocoPie snack, led sales in Vietnam’s confectionary market last year with a record revenue of over $400 million. The Vietnam subsidiary of South Korea’s confectionary maker Orion Corp was the biggest manufacturer in Vietnam in 2022 when its ChocoPie products accounted for …