Business

Banks have hiked deposit interest rates by up to 1.9 percentage points to nearly pre-Covid levels. More than 30 lenders raised them last month, 20 of them across the board. The average increase was 0.35 points for three-month deposits and 0.9 points for six months or more. Only four have …

Vietnamese rice has been served for the first time for lunch at the Japanese Cabinet Office, according to the Vietnam Trade Office in Japan. On September 2, chefs there made fried rice from ST25, the award winning Vietnamese grain. To enter the Japanese market, the Vietnamese producers of the rice …

Singapore’s United Overseas Bank expects the dong to slip to VND24,300 to the dollar by the third quarter of next year. The exchange rate has shown signs of cooling this week, but UOB said the situation could reverse in the medium and long terms. In a recent note it listed …

China Airlines has announced plans to launch a direct service between Taiwan’s Taipei and Da Nang on January 2 next year. There would be five weekly flights on Mondays, Tuesdays, Wednesdays, Fridays, and Saturdays and fares would start at TWD8,468 (US$268), it said in a release. The launch would meet …

At a Hanoi restaurant, pho broth is served in a stone bowl heated to 300 degrees Celsius, with customers adding the noodles, beef slices and herbs to taste.     Eating pho in 300°C stone bowl in Hanoi Eating pho in 300°C stone bowl in Hanoi

Apple has added four new suppliers in Vietnam for the 2021 financial year, bringing the total to 25 out of its 190 suppliers worldwide. The most popular Apple suppliers in Vietnam include Foxconn and Luxshare and subsidiaries of Samsung, Intel and LG. The only supplier it excluded from the list …

Vietnam’s benchmark VN-Index rose 2.42% to 1104.26 points Wednesday, its biggest gain in four months, but with plunging trade. The index closed 26.1 points higher after losing 8.3 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 21.9% to VND9.41 trillion ($394.22 million). The VN-30 …

Phu Quoc off the southern province of Kien Giang was the sixth best tourist island in Asia as voted by readers of American magazine Conde Nast Traveler. With an overall score of 89.77 out of 100, Phu Quoc Island ranked behind Boracay in the Philippines, Bali in Indonesia, Koh Samui …

Two resorts in Nha Trang and Da Nang along the central coast have been voted among world’s 50 best by readers of American magazine Condé Nast Traveler. Located on Ninh Van Bay, around 60 kilometers from Nha Trang, Six Senses Ninh Van Bay ranked seventh on the list of this …

Authorities in Ho Chi Minh City are considering a proposal to launch a food hub in Phu Nhuan District that is estimated to cost VND31 billion ($1.2 million) to diversify nightlife experiences. The food hub will be located on Phan Xich Long Street, a 15-minute drive from downtown Ben Thanh …