Business

GEM Center has been recognized as the Best convention center in Vietnam in 2022 by the World MICE Awards, surpassing four other nominations. World MICE Awards is the sister event of World Travel Awards, with an aim to foster the growth and innovation of MICE tourism in the world. A …

Vietnam’s benchmark VN-Index dropped 0.27% to 1,052.48 points Friday, with foreign investors net buying for three weeks in a row. The index closed 2.84 points lower after gaining 4.89 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 25.73% to VND15.51 trillion ($658.04 million). Foreign …

The Vietnam Banks Association (VNBA) has called on local lenders to keep deposit interest rates at 9.5% or below to reduce lending interests and boost economic recovery. VNBA Chairman Nguyen Quoc Hung said at a meeting with bank representatives Thursday that the popular interest rate is now at 9-10% annually …

Thailand expects to welcome back Chinese tourists during the Chinese New Year holiday next month, or within the first quarter at the latest, as China begins lifting Covid-19 restrictions. Yuthasak Supasorn, governor of the Tourism Authority of Thailand (TAT), said at a recent meeting that there’s a possibility China will …

Forty-two foreign suppliers, including Facebook, Google and TikTok, have paid VND3.44 trillion ($146.40 million) in taxes to Vietnam this year, according to the new portal of the General Department of Taxation. The portal was established in March to make it easier for cross-border giants to pay their taxes in Vietnam, …

Forty-two foreign suppliers, including Facebook, Google and TikTok, have paid VND3.44 trillion ($146.40 million) in taxes to Vietnam this year, according to the new portal of the General Department of Taxation. The portal was established in March to make it easier for cross-border giants to pay their taxes in Vietnam, …

The U.S. dollar bounced back at banks Friday morning but continued to fall on the black market. Vietcombank sold the dollar at VND23,740 Friday, up 0.47% from Thursday. Eximbank sold the greenback at VND23,720, up 0.42%. The rate at Techcombank is VND23,730, up 0.25%. The State Bank of Vietnam’s reference …

SJC gold prices 0.3% to VND67 million ($2,841.39) per tael Friday morning. But gold ring prices continued to decline by 0.37% to VND53.7 million per tael. A tael equals 37.5 grams or 1.2 ounces. Global gold prices inched up but were bound for a weekly loss as the U.S. Federal …

The International Finance Corporation (IFC), a member of the World Bank Group, is considering pouring VND460 billion ($20 million) into Vietnamese convenience store chain GS25. IFC conducted a review of the proposed investment in February and March 2022 by visiting five stores and a warehouse in Thu Duc City, the …

Ho Chi Minh City’s Tan Son Nhat airport, Vietnam’s biggest and busiest, will double its number of night flights to more than 200 per day to ease domestic air congestion during the Tet holiday. From January 5 to February 6, Vietnamese carriers will be allowed to add 100 flights between …