Business

Vietnamese spent millions of dollars buying iPhone 14 smartphones when it was launched on Oct. 14. The manager of an electronic retail store estimated more than 55,000 phones, mostly the most expensive version, Pro Max, were sold. “The total revenues were over VND1.5 trillion (US$63.8 million).” Many distributors reported record …

Vietnam’s tra fish exports to Southeast Asia exceeded US$152 million in the first nine months of this year, a year-on-year increase of over 83%. Higher transport costs due to rising fuel prices caused exporters to opt for closer destinations, the Vietnam Association of Seafood Exporters and Producers (VASEP) said, adding …

Two locals from the northern highlands’ Ha Giang Province take tour guide Giap Van Hai down a sheer and rugged cliff to the bottom of a 80-meter-deep sinkhole.     Discovering 80-meter sinkhole in rocky plateau of Vietnam Alluring sinkhole in middle of Dong Van Rock Plateau

The Finance Ministry said online platforms including Facebook and Google have paid VND5.59 trillion (US$231.6 million) in taxes from 2018 to August this year. In a report sent to the National Assembly, the ministry said the tax was paid by cross-border and e-commerce platforms, with Facebook and Google contributing the …

Prime Minister Pham Minh Chinh says banks should be vigilant about both opportunities and challenges arising from domestic and global economic turbulence towards keeping the banking system safe and stable. Meeting with nearly 70 banking representatives Sunday, Chinh said Vietnam’s economy had a lot to thank the banking sector for …

The Saigon Joint Stock Commercial Bank (SCB) has four new board members and a new chairman per a decision by the State Bank of Vietnam. Vu Anh Duc, 45, has replaced Bui Anh Dung as chairman and legal representative of SCB, the bank announced Saturday. The new SCB chairman, who …

The State Bank of Vietnam has decided to put Saigon Joint Stock Commercial Bank (SCB) under special control to ensure normal operations and liquidity. The central bank stated Saturday special control of a credit institution is a professional measure to strictly limit negative impacts on that bank and the general …

State-owned companies have invested $6.61 billion overseas by the end of last year, with PetroVietnam and Viettel the main investors. Oil and gas giant PetroVietnam has spent an accumulated $4 billion overseas, telecommunications Viettel $1.47 billion, and Vietnam Rubber Group $771 million, according to a recent government report. This means …

Hanoi authorities have begun dismantling abandoned cruise ships and floating restaurants along the West Lake to restore its original appearance. On Friday, authorities in Tay Ho District where the lake is situated set up a barrier and sent a crane to dismantle cruise ships moored along Dam Bay in Nhat …

British automaker McLaren opened its first official Vietnamese showroom in HCMC on Thursday. The McLaren HCM reseller, located at the Deutsches Haus building in HCMC’s District 1, is invested and run by S&S Group. With an authorized reseller in Vietnam, McLaren said it would deliver the newest supercars for the …