Business

Lottery firms in the south saw profit surge 20-40% year-on-year in the first six months thanks to robust recovery from last year’s Covid-19 difficulties. Ho Chi Minh City Lottery posted the biggest profit in the region at VND920 billion, up nearly 28% year-on-year. Its revenues hit VND4.71 trillion, or 50% …

HCMC houses have seen improvements in rentals and occupancy rates, marking a recovery from the dumps during Covid outbreaks last year. According to VnExpress surveys, rentals and occupancy rates at many home-for-rent segments in late August increased compared to the Covid-19 outbreak peak in the second quarter of 2021. In …

An auditing firm is skeptical that Vietnam Airlines will be able to continue operating as its short-term debt exceeds short-term assets by VND36.4 trillion ($1.52 billion). In a recent interim statement on the performance of Vietnam’s national carrier Vietnam Airlines, Deloitte Vietnam said the airline’s ability to keep operating will …

International media has continuously reported on the great chance Vietnam might stand to replace China as the world’s production center. ThinkChina, an English language e-magazine focused on China and powered by SPH Media Limited’s flagship Chinese daily Lianhe Zaobao, said in an Aug. 8 report that “headlines such as ‘Vietnam’s …

Northern highlands town Moc Chau, home to the world’s longest glass bridge, was nominated as Asia’s leading nature destination at the 2022 World Travel Awards for the first time. It will compete with Erawan National Park in Thailand, Fewa Lake in Nepal and Inle Lake in Myanmar for the title. …

The HCM Stock Exchange has decided to suspended trading in FLC Group Joint Stock Company shares from September 9 because of its failure to comply with disclosure regulations. The company has already been sanctioned, and its shares are currently traded only in the afternoon. On Wednesday, the share closed at …

A hotel in the southern province of Ba Ria-Vung Tau and another in the central beach city of Da Nang won different categories of the 2022 International Travel Awards. Pullman Vung Tau, around 90 minutes by car from Ho Chi Minh City, was named the “best luxury hotel.” The hotel …

Vietnam’s trade surplus in the first eight months hit $3.96 billion, almost the same as $4 billion recorded for the whole last year. This is in contrast with the same period last year when the country recorded a trade deficit of $3.52 billion, signaling that it is on course to …

From a flight attendant, Pham Thi Mai Son, founder and CEO of Maison Retail Management International (MRMI), built her own fashion retail empire after realizing a huge demand for international brands in Vietnam. As a leader in the fashion retail industry, Pham Thi Mai Son, founder and CEO of Maison …

Vietnamese workers earn half of their Thai counterparts in Japanese companies as they can only participate in sectors with low-added value, a study has found. Worker of Japanese manufacturing companies in Vietnam earn $236 on average, compared to $446 in Thailand, said the study by Japan International Cooperation Agency (JICA), …