Business

Hundreds of international tourists arrived in Quang Ninh and Da Nang on the first day of the Lunar New Year (Tet). The Silver Spirit Cruise, which sailed from Hong Kong, arrived in Ha Long, Quang Ninh Province at 7:30 a.m Sunday, with 500 American and European tourists on board. To …

The U.S. dollar gained marginally against the Vietnamese dong Monday morning. Unofficial exchange points sold the dollar at VND23,610, up 0.51% from Sunday. The greenback, however, remained steady at banks. Vietcombank kept its rate unchanged at VND23,620. Eximbank sold the greenback at VND23,640, while the rate at Techcombank is VND23,635, …

The average room rent at HCMC hotels last year was VND1.6 million (US$68), a 21% jump from 2021 earlier, according to property consultancy Savills Vietnam. The occupancy rate was 45%, up 20 percentage points. Five-star hotels saw room rates rise by 44%. In the fourth quarter the average tariff was …

Cryptocurrency prices have surged this month, prompting Vietnamese to install mining rigs although it’s not yet a lucrative trade. The price of Bitcoin increased from $18,000 to $21,000 on Jan. 14 and has moved sideways since then. The prices of many other cryptocurrencies, including ETC, Aleo, Kat and ERG have …

The U.S. dollar surges over the Vietnamese dong on the black market Sunday morning, the first day of the Lunar New Year. Unofficial exchange points sold the greenback at VND23,610, up 0.51% from Saturday. Banks kept their rates unchanged from the beginning of the holiday. The rate at Vietcombank is …

Customers are reporting difficulty booking service from ride-hailing platforms since many drivers are not working during the Tet holidays despite being paid bonuses. Hoang Phong was unable to get a ride to Hanoi Railway Station for his parents, who were returning home to Hai Phong City. “I had to take …

The average rent in HCMC’s shopping malls last quarter was around US$50 per square meter per month, a year-on-year rise of 9.1%, according to Cushman & Wakefield. Last year dozens of local and foreign brands in fashion, gastronomy, cosmetics, sports, and others came to the city and rented space in …

The total gross merchandise value (GMV) of food delivery platforms in Vietnam hit $1.1 billion in 2022, up from $800 million in 2021, said Singapore-based venture outfit Momentum Works. Of the total GMV, Grab accounted for the biggest share with 45%, followed by ShopeeFood 41%, Baemin 12% and Gojek 2%, …

Vietnam’s GDP growth in 2023 has been adjusted upward to 6.8% in the ASEAN+3 Macroeconomic Research Office (AMRO)’s January Update, up from 6.5% in its October report. This is in contrast to its downward projection for most economies in ASEAN+3. In its January update, AMRO estimated ASEAN 3 growth for …

Despite a sharp fall in exports before the end of 2022 due to global inflation, tuna still brought home US$1 billion in revenue last year, up 34% from 2021, becoming a billion-dollar commodity for the first time, data showed. Tuna products of Vietnam were shipped to 99 markets, of which …