Business

Many consumer goods, including vegetables and seafood, have seen prices surge by double digits in the last month. Oanh in Ho Chi Minh City’s District 1 said prices have been rising in recent weeks at a traditional market she often shops at. “The price of snakehead fish this morning was …

Over 1,127 tons of instant noodles were consumed a day in Vietnam last year, surging than 20% compared to 2016, according to the UK-based market research firm Euromonitor. In 2021, Vietnam consumed about 411,500 tons of instant noodles, up 9% against 2020. Total instant noodle sales in the country surpassed …

Fake foodstuffs, tech appliances and motorbike spare parts are sold widely on leading e-commerce platforms such as Shopee and Lazada and social networks. The fake products only used to be sold at traditional shops, Pham Thi Viet Thu, chairwoman of the HCMC Consumer Protection Association, said at a meeting on …

Vietnamese garment and seafood exports to Canada have surged 50% year-on-year, totaling values of $1.1 billion and $334 million respectively. As the two categories saw the largest increases in exports to Canada of the last three years, other categories such as wood, chemicals, metal, cashew nuts, handbags and machines also …

American magazine Fodor’s Travel has included Ho Chi Minh City in its list of 40 must-go destinations in 2023 as international travel rebounds after over two years of Covid. “Formerly known as Saigon and the ‘Pearl of the Orient,’ Ho Chi Minh City is a gateway to Vietnam’s rich and …

Education firm Apax Holdings said that investors’ reaction to “instabilities and negative economic prospects” has dragged its share down for several sessions in a row. The stock hit the floor price eight sessions in a row, and has lost over 50% in two weeks and closed Friday at VND8,780 ($0.36). …

Pham Toan Vuong has been appointed general director of the state-owned Vietnam Bank for Agriculture and Rural Development (Agribank). Before officially assuming the new position on Dec. 1, Vuong was in charge of managing Agribank’s Executive Board, which had run the lender in the two months after previous general director …

Gold price fell 0.37% to VND66.95 million ($2,747.80) per tael Saturday morning. Gold ring prices dropped 0.09% to VND54.3 million per tael. A tael is equal to 37.5 grams or 1.2 ounces. Global gold prices slipped on Friday, retreating from a near-four month high, after robust U.S. jobs data fanned …

The value of corporate bond buyback this year rose 14% year-on-year to VND161 trillion ($6.58 billion) as of November 25, according to the Ministry of Finance. Issuance in the period, meanwhile, plunged nearly 32% to VND331.8 trillion, it added. “Corporates are buying back the bonds they have issued before maturity, …

Thai Vietjet, a subsidiary of Vietjet Air, resumed its direct service between Bangkok and the Vietnamese resort town of Da Lat Friday after a nearly three-year hiatus due to Covid. There would be four weekly flights on Mondays, Wednesdays, Fridays, and Sundays, the airline said on its website. The Bangkok-Da …