Business

Travelers from across the globe are pouring into HCMC, Hue, Hoi An, Khanh Hoa, Quang Binh and elsewhere as of the early morning of New Year’s Day. As 2023 began, Vietnam welcomed large droves of foreign tourists not seen since the pandemic started two years ago. The Ho Chi Minh …

Despite global economic uncertainties and visa hassles, many foreign tourists are making plans to visit Vietnam in 2023, promising a booming year for tourism market. Michael Perry, an American, is planning to visit Vietnam after the Lunar New Year holiday, or Tet. The country’s biggest holiday will last from January …

Textile and garment exports may reach $47-48 billion in the positive scenario for 2023 and $45-46 billion in the lower-case scenario, said the Vietnam Textile and Apparel Association (VITAS). Textile and garment exports may reach $47-48 billion in the positive scenario for 2023 and 45 – 46 billion USD in …

Several Vietnamese fruits have found their way to major markets in China and the U.S. in 2022, opening up the door for Vietnam to send more high-quality produce overseas. After four years of negotiation, Vietnam finally exported its first batch of fresh durian to China for the first time in …

Prime Minister Pham Minh Chinh attended and launched a groundbreaking ceremony for 12 components of the second phase of the north-south expressway project in the central province of Quang Ngai on January 1. The 12 component projects cover a total length of 723.7km, of which the Ha Tinh-Quang Tri section …

An uptick in the Vietnamese real estate market is expected as early as Q1 thanks to improved government regulations and economic growth forecasts, according to Vietnam Real Estate Association. Capital shortages, legal bottlenecks and in consistent regulations have plagued the property sector as of late. Ill-advised lawmaking and cumbersome administrative …

The retail price of a 12-kg gas cylinder in HCMC and southern provinces declined by VND23,000 (96 cents) to VND415,000, due to decreasing world gas prices. Saigon Petro Co. said that decrease occurred after gas suppliers in the world announced an average price of $597.5 per ton in January, down …

Vietnamese exports to China will no longer be subject to Covid testing from January 8th, the Ministry of Industry and Trade has announced. The ministry urged localities and businesses to update goods clearance processes at border gates in order to streamline trade according to the new easing of restrictions. The …

Retail gasoline prices in Vietnam hiked Sunday by VND1,045-1,100 (VND24,000=$1) per liter, while oil prices rose by VND330-770 due to fuel rise in the global market. The current price of gasoline RON 95-III is VND21,800 per liter, up VND1,100, while that of E5 RON 92 gasoline is now VND21,000 VND, …

Eighty percent of stocks listed on the Ho Chi Minh City and Hanoi bourses closed the year lower, with some losing 80-90%. 404 tickers fell by more than the VN-Index’s 32.6% decline, with 260 losing half their value, according to a report by RongViet Securities Corporation. The Ho Chi Minh …