Business

The Da Nang International Fireworks Festival, one of Vietnam’s leading tourism events, will make a comeback next June after a two-year hiatus due to Covid-19. The month-long event, to be held along the Han River, will begin on June 3, according to Da Nang City authorities. It is expected to …

The Ministry of Construction wants 1.4 million units of social housing built by 2030 at a cost of VND1.13 trillion ($45.45 million) and laws updated to enable this. In a proposal to the government, it said the main locations for developing social housing are Hanoi, Ho Chi Minh City, Da …

Tourism company Vietravel was back in the black in the third quarter with profits of nearly VND7 billion ($282,000) after incurring losses for two straight quarters. It reported revenues of VND1.49 trillion for the third quarter, 25 times up from the same period last year. It had reported losses of …

Since reopening its borders and lifting most Covid restrictions, Vietnam has earned revenues of US$16.5 billion from tourism, a senior official said. The tourism industry has been gradually recovering from the impacts of Covid-19 since reopening to foreign visitors on March 15, Ha Van Sieu, deputy head of the Vietnam …

Cooking gas prices increased by up to 4.9% on November 1, the first rise in six months after a series of six cuts. The retail price of a 12-kg gas cylinder rose by VND20,000 ($0.80), or 4.9%, to VND425,000 in HCMC and other southern localities. In Hanoi and neighboring localities …

A stall selling salted steamed chicken in Saigon sells out so fast that many customers start queuing up early in the morning to avoid disappointment.     Hot cakes: Saigon salted steamed chicken sells out in an hour Hot cakes: Saigon salted steamed chicken sells out in an hour or …

Authorities in the central province of Quang Binh have approved a proposal for a travel firm to trial new tours that will allow visitors to experience the local flooding season. Oxalis Adventure, a popular operator of cave tours in Quang Binh’s Phong Nha-Ke Bang national park, will survey flood-hit areas …

Several Southeast Asian countries have fulfilled their target of foreign tourist numbers for 2022, but Vietnam lags far behind this year’s goal. In late August, Malaysia announced that it had already fulfilled its target of 4.5 million international visitors in 2022 and the country was instead aiming at a new …

The Ministry of Industry and Trade should take responsibility in regulating the fuel market instead of pushing this task on other government bodies, lawmakers said Wednesday. Although several agencies are involved in managing the fuel market, the trade ministry needs to take the lead in this duty, and should be …

Industry insiders expect the property market slump to continue next year. Demand for residential property, especially apartments, plunged in the third quarter despite discounts and loan incentives offered by developers to boost sales, Vo Hong Thang, research and development deputy director at property developer DKRA Group, said. The apartment absorption …