Business

Residents in Ho Chi Minh City have cut chain link fences along the HCMC – Trung Luong Expressway to sell gasoline and food to drivers, ignoring safety regulations. Dozens of vendors could be seen Friday morning setting up large umbrellas, tables and chairs to sell gasoline, food and drinks on …

Gasoline retail prices rose for the fourth straight time Friday after rising transportation cost was acknowledged to increase retailer commission. RON95 pric went up 4.88% to VND23,860 ($0.95) per liter, while E5 RON92 price increased by 3.84% to VND22,710. Diesel price fell by 0.36% to VND24,980. Hanoi and Ho Chi …

HSBC and several other financial institutions have provided conglomerate Masan Group with a $600-million loan, the largest syndicated advance it has ever raised. “Despite global uncertainties, we have successfully arranged the fully underwritten transaction to fuel Masan’s passion to uplift the lives of Vietnamese consumers,” said Stephanie Betant, head of …

Vietnam’s benchmark VN-Index rose 0.77% to 954.53 points Friday, with foreign investors’ net purchase surging to the highest this year. The index closed 7.29 points higher after losing 38.35 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 1.48% to VND111 trillion ($443.37 million). Foreign …

Japanese retailer Muji has launched its fourth store in Vietnam and second in Ho Chi Minh City at Crescent Mall in District 7. The move aims to expand the brand’s operations and gradually move its manufacturing chain to the country. Opened Thursday, the new store has 1,200 square meters of …

A united ASEAN that can recover quickly from Covid-19 and cope with challenges is the need in the current economic situation, Prime Minister Pham Minh Chinh said. Addressing the ASEAN Business and Investment Summit in Phnom Penh, Cambodia, Thursday, he said: “The world is always changing and there are many …

The HCMC Department of Labor said businesses need to hire 43,000 workers to achieve year-end production targets. Its deputy director, Nguyen Van Lam, who released the data at a news conference Thursday, said many footwear and apparel companies have been impacted by the global disruption, especially in Europe. A number …

Bui Thanh Nhon, chairman of property giant Novaland Group, saw his net worth decline to US$1.1 billion on Thursday as his company’s share continued to be hammered. On November 10, he ranked 2,268th in the Forbes billionaires list, a steep fall from 1,053rd on April 4 when he had been …

The net worth of Tran Dinh Long, chairman of steelmaker Hoa Phat, has plunged by more than $2.2 billion to $0.9 billion, pushing him out of the billionaire class. Long’s assets decreased in value by over $660 million in mid-October to $938.1 million on November 10,The assets value decreased sharply …

Four luxury vessels operated by Silversea Cruises will bring around 1,000 foreign tourists to Vietnam from December, signaling the busy year-end international tourism. Silversea Cruises, a luxury cruise line headquartered in Monaco, currently has two service providers in Vietnam. Its first ship would arrive in Vietnam next month and more …