Business

Thai coffee chain Café Amazon, which entered Vietnam two years ago, has been slow in expanding due to intense competition and the Covid-19 pandemic stymieing its plans. With 15 outlets mostly in Ho Chi Minh City and some southern localities, it remains a world away from its biggest competitor, Highlands …

Grammy-winning singer Christina Aguilera, who is now in Vietnam for a Tuesday show, celebrated her birthday earlier in the day by exploring UNESCO-recognized Ha Long Bay on a helicopter tour and cruise ship. The American pop star Instagrammed a photo of herself with a birthday cake on a cruise ship …

The government’s revenues for the year reached a record VND1,690 trillion ($71.20 billion) as of December 15, exceeding forecasts by 20%. The economic recovery, with GDP growth forecast to reach 7.5%, boosted revenues from taxes and fees, the Ministry of Finance said. “A cut in taxes and fees helped increase …

Investment funds have committed $1.5 billion to creative startups in Vietnam through 2025, lifting total planned investment in the field to $5 billion over the next three years. The funding has been committed by 39 different investment funds at the Vietnam Venture Summit 2022 on Monday. Minister of Planning and …

FPT Retail, Pharma Foods International, and Sato Connect Gate signed a MoU on Monday on investment in GMP health food factory in Long An province. According to the terms of the Memorandum of Understanding, FPT Digital Retail Joint Stock Company (FPT Retail), Pharma Foods International (PFI), and Sato Connect Gate …

Vietnam’s two biggest cities, Hanoi and Ho Chi Minh City, have made substantial improvements in this year’s global ranking of the 100 best city destinations after the country fully reopened to international tourism. The southern metropolis jumped by 11 places from last year to 79th while the capital city of …

Investment funds have committed $1.5 billion to creative startups in Vietnam through 2025, lifting total planned investment in the field to $5 billion over the next three years. The funding has been committed by 39 different investment funds at the Vietnam Venture Summit 2022 on Monday. Minister of Planning and …

Basic manufacturing for other companies, the beginning of many companies, could pave the way to “the next Foxconn,” said Tran Ba Duong, chairman of the Truong Hai Auto Corp. (THACO) Eventually an industry will transition from basic manufacturing to higher levels. “An industry is like a tree,” Duong said at …

A pangasius festival organized by the People’s Committee of Dong Thap Province in Hong Ngu Town last week attracted thousands of participants. Themed “Reaching out to the great sea,” the event on December 16 and 17 aimed to promote the image of the pangasius capital and honor veteran farmers, laying …

Vietnam’s benchmark VN-Index dropped 1.34% to 1038.4 points Monday. The index closed 14.08 points lower after losing 2.84 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 3.44% to VND16.04 trillion ($678.22 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 25 tickers …