Business

The tourism industry wants the Ho Chi Minh City government to revive the night-time economy with more amusement options and later closure of businesses. Ngo Thanh Thuy of Rex Hotel in District 1 said at a meeting with city authorities Thursday that Le Loi Street, one of the busiest tourism …

Some gasoline stations in HCM City have reported fuel shortages and even shut down partially. Nguyen Thi Kim Ngoc, deputy director of the city Department of Industry and Trade, told reporters Thursday three other gas stations have shut down for repairs. Gasoline distributors have not supplied enough stocks to some …

Vietnam’s benchmark VN-Index plunged 4.04% to 1,031 points Friday morning as most blue chips were close to hitting the floor amid a bearish market. The index was falling 44 points as of 11.17 a.m. after plunging by 28 points Thursday. VN-Index is now at the lowest since January 28 last …

A look at Australian search trends over the past 20 years reveals Vietnam ranks fourth in the list of most Googled tourist destinations after Japan, New Zealand and Thailand. Rounding off the top 10 are Tasmania, Australia, Cambodia, Bali, New South Wales, and Borneo, Google data released to mark the …

Azerai La Residence in the former imperial capital Hue ranked fourth in a list of 10 best hotels in Southeast Asia as voted by readers of American magazine Conde Nast Traveler. With an overall score of 98.95 out of 100, the 122-room boutique hotel came behind The Athenee Hotel and …

By the end of this year, residents will be able to move into Aqua City, an urban area with quick implementation progress and a network of natural utilities. Quoc Dung, a businessman, was impressed when he saw the expansive view of Aqua City, which spans 1,000 hectares while taking a …

Vietnam’s richest man Pham Nhat Vuong has established a new company, VMI JSC, which offers to split a Vinhomes property into 50 smaller pieces for investors to buy. The buyer of each of these pieces will be certified of their asset and earn profit should the property value go up. …

Consumer prices have been rising for the last four weeks despite a sharp fall in fuel costs as transport operators refuse to cut prices. Traditional markets in Ho Chi Minh City are selling mackerel at VND350,000 (US$14.65) per kilogram, up 17% from four weeks ago, and squid at VND240,000, up …

Vietnam’s benchmark VN-Index dropped 2.69% to 1,074.52 points Thursday, a new bottom this year. The index closed 29.7 points lower after gaining 26.1 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 18% to VND11.12 trillion ($465.77 million). The VN-30 basket, comprising the 30 largest …

Taiwanese authorities announced Vietnamese travelers could apply for social visit or tourist entry visas starting next week. The Taipei Economic and Cultural Office in Hanoi earlier this week announced nationals of countries that are not eligible for visa exemption can apply for visas to enter Taiwan for tourism purposes from …