Business

Vietnamese carrier Vietravel will cooperate with HCMC-based Asean Cargo Gateway Joint Stock Company (ACG) to launch an air cargo service, contributing 51 percent and 49 percent of the capital, respectively. Vietravel Airlines CEO Vu Duc Bien said the region’s air cargo markets carried high potential and have not been fully …

Sun Group was honored at the World Travel Awards for Asia-Oceania, in Ho Chi Minh City, on Sept. 7. For the first time, Sun Group was nominated for Asia’s Leading Integrated Tourism Group 2022 at World Travel Awards (WTA). In addition, Asia’s Leading Hospitality Development Company 2022 title was given …

Four Vietnamese carriers have been named winners in different categories at this year’s World Travel Awards, with Vietravel Airlines present for the first time since establishment. National flag carrier Vietnam Airlines won “Asia’s leading airline – economy class” and “Asia’s leading airline brand” titles. Vietravel Airlines, which began commercial flights …

Stabilizing cash flow is the top priority for Vietnam’s Nghi Son Refinery, said a leader of its Japanese shareholder while calling for more support from other investors. The surge of crude oil prices from $60 per barrel to $90 and then $120 caused difficulties in ensuring profit for the refinery, …

Vietnam’s benchmark VN-Index rose 1.15% to 1,248.78 points Friday, its biggest since August 1. The index closed 14.18 points higher after losing 8.57 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 4.27% to VND13.8 trillion ($586.61 million). The VN-30 basket, comprising the 30 largest …

China’s state-owned Chery Automobile has said it wants to sell its first made-in-Vietnam car by next year. “We want to build a factory in Vietnam as we don’t want to merely import and sell cars,” Chery Vietnam director Tocy Tang told VnExpress. The plant would allow Chery to “build vehicles …

National Australia Bank (NAB), Australia’s largest business bank, has expanded its innovation capacity in Vietnam by opening an office in Hanoi alongside its center in Ho Chi Minh City. Steve Day, NAB Chief Technology Officer – Enterprise Technology, said the teams working across locations in both Hanoi and HCMC are …

Dozens of gasoline stations have downed shutters in the southern provinces of An Giang and Dong Thap with owners saying there is a supply shortage. Market authorities in An Giang found 21 stations closed Wednesday, with 19 saying they’d no diesel left and two others reporting the same thing about …

HVN of Vietnam Airlines would be delisted if the national carrier continues to report a loss or negative equity this year, the Ho Chi Minh Stock Exchange (HoSE) warned. The ticker is being restricted after Vietnam Airlines posted equity of negative VND2.16 trillion ($91.8 million) in Q1, and losses for …

Vietnam’s benchmark VN-Index fell 0.69% to 1,234.6 points Thursday with foreign investors ending a seven-session net selling streak. The index closed 8.57 points lower after losing 34.23 points Wednesday. It is now at its lowest since Aug. 2. Trading on the Ho Chi Minh Stock Exchange fell by 29.1% to …