Business

An In-N-Out pop-up restaurant drew a massive crowd of burger lovers after it opened in Saigon’s District 1 Wednesday. Though the one-day event was only advertised on Facebook, people flocked to the place, willing to wait for hours to get a taste of the iconic California chain. Since the pop-up …

Letting public companies invest in new airports would help improve the country’s infrastructure to meet rising demand and reduce dependency on state-owned enterprises, analysts have said. Transportation demand is a key factor in the modern economy as both businesspeople and tourists have a need to travel to many places, even …

A non-stop flight carrying 126 passengers from Bangkok landed at Phu Quoc Internaitonal Airport on Wednesday afternoon, marking the first direct service between the Vietnamese tourist island and Thai capital. There will be four weekly flights on Mondays, Wednesdays, Fridays, and Sundays with a flight time exceeding one hour. Earlier, …

Vietnam’s benchmark VN-Index surged 2.84% to 1034.81 points Wednesday, bouncing back from this year’s bottom, with foreign investors pouring big bucks to buy the dip. The index closed 28.6 points higher after losing 36.3 points Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 10.9% to VND11.47 …

Vietnam’s gasoline imports in the first nine months rose 131.8% year-on-year to $6.8 billion, according to Vietnam Customs. More than 40% of imports came from South Korea. Other import markets included Malaysia, Singapore and Thailand. Imports from China surged 130% to $676 million. Vietnam’s two refineries Nghi Son and Dung …

Funds managed by Dragon Capital sold a 2.91% stake in Hai An Transport & Stevedoring earlier this month amid forecasts the transportation industry faces headwinds. Between September 30 and October 4, they reduced their holdings from 7.45% to 4.54% after selling 1.7 million shares. Dragon Capital owned more than 5% …

Hanoians besieged gas stations Tuesday night fearing that the fuel shortage that has hit Vietnam is likely to worsen. At 9 p.m. on Tuesday Minh Duc of Cau Giay District took his motorbike to fill petrol. He wanted to avoid scrounging for fuel the next morning and being late for …

The prices of social apartments in HCMC have surged to VND29-30 million (US$1,234-1,276) per square meter from just VND13.8-18 million five years ago. A VnExpress study has found a social housing project in HCMC’s Thu Duc City started selling apartments at VND18-22 million per square meter in 2017. The apartments’ …

Hoi An Town has risen seven places from last year to top the 2022 list of 10 cheapest tourist destinations in the world for Britons. The average daily cost in Hoi An is calculated at £67.78 ($74.19), a drop of 10% against 2019, in the latest annual Holiday Money report …

Recent misconduct on Vietnam’s corporate bond market, such as issuing low quality bonds or mobilizing cash for dubious purposes, has created a bad reputation, lawmakers have said. The alleged violations of An Dong Investment Group and other companies like property developer Tan Hoang Minh have damaged the sustainability of the …