Business

The Vietnam Exchange, which operates the Ho Chi Minh City and Hanoi bourses, reported post-tax profit of VND1.22 trillion ($52.06 million) for the first half of this year. Of its revenues of VND1.98 trillion, 95 percent came from stock transactions, according to its first ever half-yearly earnings report, The company, …

Vietnam has three representatives in a CNN listing of 50 “much-loved street foods in Asia”: banh mi, iced coffee and pho. “The French may have introduced baguettes to Vietnam, but the country’s famed banh mi is a uniquely Vietnamese creation,” CNN said. Banh mi is a fusion of cold cuts …

Vietnam ranks fifth out of 35 Asian markets in terms of economic openness, according to a report by market researcher Fitch Solution. Its recent Vietnam Trade & Investment Risk Report gave the Vietnam economy a score of 74.6 out of 100, higher than the Asia average of 46 and global …

A resort in Hanoi and another in the southern province of Ba Ria-Vung Tau have been named winners in different categories of the 2022 International Travel Awards. Melia Ba Vi Mountain Retreat, a short ride from Ba Vi National Park on the outskirts of Hanoi, won the “best wellness resort” …

Vietnam’s benchmark VN-Index rose 0.82% to 1,270.81 points Tuesday thanks to strong buying pressure in the last trading hour. The index closed 10.38 points higher after losing 8.75 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 5.27% to VND14.06 trillion ($599.9 million). The VN-30 …

Leading instant coffee producer Vinacafe Bien Hoa reported a 19% jump in sales year-on-year in the first half ending June to VND950 billion (US$40.6 million). Its post-tax profits were VND190 billion, up 21%. Vinacafe instant coffee and Wake-up 247 coffee-flavored energy drinks remained its top products with combined sales of …

Steel prices have dropped for a 14th time in a row since mid-May with the total decline adding up to nearly 20%. Many producers like Hoa Phat Group, Viet Nhat, Viet Y, and Kyoei cut prices by VND300,000-500,000 ($12.81-21.36) a ton this week. Prices have fallen by around VND3.5 million …

Conglomerate Masan Group has bought another 34% in beverage chain Phuc Long Heritage to increase its ownership to 85%. It paid VND3.62 trillion ($154.60 million) for the deal on August 1, according to its half-year report. It has invested a total of VND6.45 trillion in Phuc Long. In the first …

As Vietnam continues to consume huge quantities of instant noodles, South Korean firms are taking advantage to become rising stars in the market. South Korean companies are becoming prominent players in the market thanks to the cultural affinity and efficient local production. Many also import noodles from Korea. Paldo Vietnam …

Hanoi has been listed among 12 best places in the world to go for fall by American news channel CNN, as it gets drier and cooler after the monsoon season. CNN suggests that visitors stroll around the city’s Old Quarter, famous for historical streets specializing in a particular trade like …