Southeast Asia’s leading tour operator Exotic Voyages has listed Lak Tented Camp in the Central Highlands province of Dak Lak among “five gorgeous glamping sites for an unforgettable getaway.” Nestled on a small hill surrounded by the tranquil Lak Lake, the campsite offers 15 safari-style tents, four luxury lakeside bungalows, …
Read More »Retail giants eye expansion as economy looks up
Retailers are planning to expand in Vietnam, which is poised to become one of the world’s 10 largest consumer markets this decade. Japanese fashion brand Uniqlo said it would open a store at Vincom Ba Trieu mall in Hanoi this week and two others at Vincom Royal City and Vincom …
Read More »Dollar strengthens to new record against dong
The U.S. dollar gained 0.06% over the Vietnamese dong Monday to a new peak of VND24,885 at Vietcombank. Its value has surged 8.6% this year at the state-owned lender. Other lenders, including Sacombank and Eximbank, also hiked the rate to VND24,885, the maximum rate allowed Monday. The State Bank of …
Read More »Draft code allows third parties to collect, use consumer info
Third parties will be allowed to collect, store and use consumer information under a draft amendment proposed to the Law on Protection of Consumers’ Rights. Draft amendments to the law were presented to the National Assembly Tuesday by Minister of Industry and Trade Nguyen Hong Dien. The draft defines and …
Read More »First auction finds no takers, business magnate’s Rolls-Royce gets cheaper
Former FLC chairman Trinh Van Quyet’s Rolls-Royce will be auctioned for the second time in November with a lower price tag after the first one found no buyers. The new starting price for the four-seater Rolls-Royce Ghost will be VND9.7 billion ($390,600), compared to VND10 billion in the first auction, …
Read More »HSBC hikes Vietnam growth forecast to 7.6%
Lender HSBC has raised Vietnam’s growth forecast to 7.6% this year thanks to the country’s broad-based recovery and significant improvement in the manufacturing sector. “Vietnam’s manufacture conditions have been improved significantly, following the ASEAN’s improvement trend, signaling a solid improvement in the health of the manufacturing sector,” said HSBC Vietnam …
Read More »Banks drive VN-Index up
Vietnam’s benchmark VN-Index went up 1.17% to 997.70 points Tuesday, led by three banking stocks. The index closed 11.5 points higher after falling 77.5 points in the last four sessions. The VN30 basket, comprising the 30 largest capped stocks, saw 20 tickers rising. CTG of state-owned lender VietinBank led with …
Read More »Da Nang-Seoul among world’s most traveled air routes
The Da Nang-Seoul route has become the world’s second most popular flight route this year with 352,985 bookings after Vietnam and South Korea lifted Covid restrictions. The Cairo-Jeddah route topped with 3.23 million seats, according to aviation analysis firm OAG, which assesses the world’s most competitive routes based on the …
Read More »Vietnam travel firm stops visa-free passenger services to South Korea’s Gangwon
The only travel firm to bring Vietnamese tourists to South Korea’s Gangwon under a visa-free policy via commercial flights has stopped receiving new bookings until the end of this month. “The only Vietnamese travel agency designated by South Korean authorities to bring visa-free passengers to Gangwon Province via commercial flights …
Read More »Dollar inches up against dong
The U.S. dollar gains 0.12% over the Vietnamese dong to a new peak at commercial banks on Tuesday morning. Vietcombank, VPBank and Techcombank all set the rate at VND24,888, which means the dong has depreciated by 8.6% from the beginning of the year. Eximbank kept the rate unchanged from Monday …
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