Business

The target of 8 million foreign arrivals for 2023 will be a big challenge for Vietnam, according to industry experts, who say that the country should quickly remove visa barriers and seek new sources of tourists to meet that goal. “Vietnam needs to make a new breakthrough in tourism policies …

A shot of a green nipa palm forest in Vietnam’s Quang Ngai Province was one of the 16 best travel photos of 2022, according to U.K. magazine National Geographic Traveler. The photo taken by Cao Ky Nhan shows a person rowing a small boat in the middle of a nipa …

Tepco Renewable Singapore has seen its VND785 billion (US$33.3 million) investment in Vietnam Power Development lose 18% in value within three days as the latter’s stock plummeted. It bought 26.6 million shares, or a 24.96% stake, in the company on Tuesday at VND29,600 per share, the highest VPD has reached …

The impounded Rolls-Royce Ghost belonging to former FLC chairman Trinh Van Quyet is set to go under the hammer again with the reserve price falling to VND8.8 billion ($373,100). Auction house Minh Phap will organize the fifth auction on December 30 in Ho Chi Minh City after four failed attempts …

The U.S. dollar dropped 0.083% to VND23,980 at unofficial exchange points Saturday morning. Most banks kept the rate unchanged. Vietcombank sold the greenback at VND23,750. Eximbank maintained the rate at VND23,720. But Techcombank raised it up 0.13% to VND23,770. The State Bank of Vietnam kept the reference rate unchanged at …

The local steel market continued to be gloomy, with reductions seen in both production and consumption in the past 11 months, a report published by the Vietnam Steel Association (VSA) this week revealed. Finished steel production saw a yearly decline of 11.3% to 27.12 million tonnes between January and November. …

Orion Food Vina, which makes the popular snack ChocoPie, reported revenues of KRW406.7 billion (US$318 million) in the first 11 months, its highest ever. The company, a subsidiary of South Korean confectionary maker Orion Corp., said Vietnamese sales grew at 38% year-on-year, Yonhap newspaper reported. Orion Food Vina owns several …

The State Bank of Vietnam (SBV) is monitoring bank interest rates and will take measures to deal with lenders who keep hiking their rates. Central bank governor Nguyen Thi Hong said in a statement Thursday that banks need to reduce their expenses and administrative procedures to create room for lowering …

Vietnam’s benchmark VN-Index dropped 0.22% to 1020.34 points Friday, with trading plunging to a four-week low. The index closed 2.27 points lower after gaining 3.73 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 29.46% to VND9.10 trillion ($385.55 million), lowest since November 24. The …

Vietnam is expected to surpass Japan to become the third largest trade partner of South Korea, just behind China and the U.S., according to the newswire world.kbs.co.kr. It quoted the Federation of Korean Industries (FKI)’s analysis of investment and trade changes between the two nations during the 1992-2021 period as …