Business

Vietnam’s benchmark VN-Index rose 1.15% to 1,063.66 points Tuesday, highest since October 6. The index closed 12.1 points higher after losing 10.3 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 6.5% to VND10.17 trillion ($416.59 million). The VN-30 basket, comprising the 30 largest capped …

A subsidiary of Masan Group is investing in technology and innovation to introduce green products that benefit the community. The concept of “green brands” is growing in popularity as consumer incomes increase, and environmental protection is given more attention. Future forecasts predict an increasingly huge demand for green, environmentally-friendly products. …

Mondelez International, the maker of iconic brands including Cadbury Dairy Milk, Oreo, Ritz and Toblerone, has appointed Hemant Rupani as president for its Southeast Asia (SEA) Business Unit. Hemant, previously Managing Director of Mondelez Kinh Do Vietnam, replaces Glenn Caton who has moved to another position in the company’s global …

Administrative hurdles and slow infrastructure development are dragging down foreign direct investment in Vietnam, according to European businesses. The European Chamber of Commerce in Vietnam (EuroCham) found 68% of European companies it surveyed calling on authorities to address administrative difficulties foreign firms face. Some 53% expect better infrastructure development and …

The list of the largest listed companies remains in a state of flux, with Vingroup losing US$6 billion from its market capitalization and Hoa Phat Group, $4 billion. State-owned lender Vietcombank maintained its top spot through this year but saw its market cap fall by 15.9% to VND313.7 trillion ($12.89 …

The total value of corporate bonds issued in the third quarter declined nearly 71% year-on-year, with real estate bonds falling by 91%. The issuances totaled over VND60 trillion (US$2.55 billion), down 50% from the second quarter. Almost all were private placements. Real estate accounted for VND8 trillion, and banks for …

Mondelez International, the maker of iconic brands including Cadbury Dairy Milk, Oreo, Ritz and Toblerone, has appointed Hemant Rupani as president for its Southeast Asia (SEA) Business Unit. Hemant, previously Managing Director of Mondelez Kinh Do Vietnam, replaces Glenn Caton who has moved to another position in the company’s global …

The mobile money service, which allows users to deposit, withdraw, pay or transfer money on mobile devices, has signed up nearly 2.2 million subscribers in eight months. Of the customers, 69% are from rural and mountainous areas, according to the Ministry of Information and Communications. The service are jointly offered …

Minister of Culture, Sports and Tourism Nguyen Van Hung called on South Korea to ease border restrictions saying Vietnam hopes to receive one million Korean tourists this year. After Vietnam reopened its borders and gradually lifted Covid restrictions, South Korean tourists have accounted for a fifth of its international visitors, …

Spanish travel blogger Juan Por El Mundo just returned to Vietnam to visit doctors who saved his legs after a severe traffic accident five years ago. In 2017, Mundo challenged himself by driving through Vietnam on his motorbike. However, his trip quickly turned into a nightmare. While he was exploring …