Business

Myanmar Airways International plans to start flying to Vietnam next month with regular services from Yangon to Hanoi and HCMC. The Yangon-Hanoi service would begin on September 19, with two weekly flights, the private carrier announced on its website. Ticket prices on the route cost from $187 per person. Flights …

Taiwan has returned 1.44 tons of Vietnam’s Omachi instant noodles saying they contain high levels of carcinogenic ethylene oxide. The Taiwan Food and Drug Administration has determined that the batch of noodles, imported by Chinese company Qianyu, contains 0.195 milligrams of ethylene oxide per kilogram, which exceeds Taiwan’s standards. The …

Leading bookstore chain Fahasa saw its first half profits surging 65% to VND15.4 billion (US$657,000). Revenues rose by 10.8% to VND1.77 trillion. It had an excellent second quarter with profits of VND11.05 billion on sales of VND1.13 trillion. For the full year it targets profits of VND18 billion and revenues …

India is currently one of Vietnam’s most potential tourism markets, but the country has to be better prepared to serve the world’s second most populous country, insiders said. India is now one of 16 top tourism markets as also one of the fastest recovering ones, Pham Van Thuy, deputy general …

Import pork prices have fallen to a record low at half their domestic equivalents due to modest demand at restaurants and hotels. Import pork prices have fallen by 36-40% year-on-year with ribs costing around VND88,000 ($3.76) per kilogram, half the domestic figure. Hanh, a pork seller in Ho Chi Minh …

Vietnam’s benchmark VN-Index rose 0.50% to 1277.16 points Wednesday, highest in over 10 weeks. The index closed 6.35 points higher after gaining 10.38 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 8.10% to VND15.20 trillion ($647.29 million). The VN-30 basket, comprising the 30 largest …

Public spending hit only 39.15% of Prime Minister’s Pham Minh Chinh’s target for the year in the first eight months, with roadblocks including land clearance and investment procedures. Three localities and 27 ministries spent only 20% of the year’s target, according to a report by the Ministry of Finance. Public …

Major listed seafood exporter Minh Phu Seafood JSC is set to issue bonus shares at a ratio of 1:1. It is expected to be done this year by capitalizing reserves, and will double the company’s charter capital to VND4 trillion (US$170.9 million). Minh Phu also plans to pay a cash …

South Korea’s fifth largest conglomerate Lotte Group is picking up the pace of expansion in Vietnam’s retail and F&B industries as it pulls out of China. Its chairman, Shin Dong-bin, recently released from jail, is set to visit Vietnam for his first overseas business trip after receiving a presidential pardon …

The government has sought recommendations from the tourism, foreign affairs and public security ministries for expanding the list of countries whose nationals can get visas online. Vietnam currently offers 30-day single-entry e-visas for citizens from 80 countries and territories, including major economies such as Australia, India, the U.K. and the …