Business

Vietnam’s auto sales surged 23.92% to 508,547 units last year, as consumption rose post-pandemic, with top auto brands enjoying double-digit growth. The data was compiled from Vietnam Automobile Manufacturers Association (VAMA), TC Motor (which assembles for Hyundai) and VinFast. Regarding VAMA figures alone, the biggest monthly sales last year was …

The search for two European tourists who were swept away by strong waves at Diamond Beach in Bali was called off after nine days. Search attempts for both tourists were hampered by “extreme weather conditions” and high tides, Gede Darmada, head of the Bali Search and Rescue Agency, said Wednesday …

Vietnam’s auto sales surged 33% to 404,635 units last year, despite concerns about inflation and the global economic slowdown. The biggest monthly sales last year was recorded in May when over 43,800 units were sold. A slump in June due to a shortage of parts was quickly compensated for by …

Vietnam remains a key part of European companies’ investment strategies even though their confidence dipped in the last quarter of 2022 due to a dimmer global economic outlook. The EuroCham Business Climate Index (BCI), a quarterly benchmark seeking to measure the level of confidence of European companies investing in Vietnam, …

Travel + Leisure magazine has urged its American readers to explore Vietnam in 2023, a country it calls Asia’s “best culinary destination.” “If there’s one cultural cuisine that bursts with umami goodness, it’s Vietnamese cuisine,” said the magazine. “Everywhere you go, you’ll be met with local, regional delicacies that will …

Germany’s weekly Die Zeit (The Times) has ran an article spotlighting Vietnam’s prosperous economy and its open-door policy to investors, affirming that these has helped attract more German firms to the country. The article emphasised the economic and social changes in Vietnam in recent years, especially the sharp decrease of …

With the domestic housing market entering a period of stagnation, many construction companies of South Korea have chosen Vietnam as their destination, South Korea’s Newdaily newspaper reported. In its recent article, the newspaper wrote that one of the overseas markets that Korean construction companies are paying most attention to this …

Vietnam’s GDP could grow by up to 6.83% this year, 0.33 percentage points higher than the government’s target, the Central Institute for Economic Management said Thursday. It suggested two possible scenarios, with the other being growth of 6.47%, closer to the 6.5% target set by the government. The more optimistic …

In the period before Tet (the Lunar New Year), when demand for cash is high, fraudsters have escalated efforts to trick bank account holders online and steal their money. According to statistics from the Anti-Phishing Project, a non-profit project founded by computer security expert Ngo Minh Hieu, aka HieuPC, fraudulent …

Microsoft has acquired an OKR product co-developed from scratch by PowerGate Software, a U.S. – Vietnam joint ventured software company, and its partners. PowerGate Software’s workforce in Hanoi headquarters. Photo by PowerGate With over 10 years of experience in building hundreds of initial-stage products, PowerGate Software has worked alongside the …