Business

The Thai government has increased the period of visa-free stay for tourists from over 50 countries including Vietnam from 30 days to 45. The extension, to take effect from October, is part of the government’s efforts to boost economic recovery post-pandemic as it eyes 8-10 million foreign arrivals this year, …

Bach Hoa Xanh is set to become profitable in the last quarter this year after closing 400 ineffective outlets in the first seven months, Mobile World Chairman Nguyen Duc Tai has said. The bulk closure is part of the company’s plan to renovate the grocery chain and remove seven low-performing …

Vietnam has imported 5.65 million tons of oil products for US$5.95 billion so far this year, half more than in the same period last year. Diesel was the top import item, accounting for 3.17 million tons. South Korea was the top source with 2.17 million tons, up 92% year-on-year, followed …

DFS Group, a luxury travel retailer, and its longtime strategic partner in Vietnam, Noi Bai International Airport, recently celebrated the reopening of duty-free stores across the Hanoi airport’s departure and arrival terminals. This event also marked the launch of DFS and NIA’s new co-branded partnership following 15 years of collaboration. …

Bank deposits rose by nearly 250% year-on-year as oj June 30 to VND5,619 trillion ($240.1 billion) as interest rates went up amid the post-Covid economic recovery. Banks hiked deposit interest rates by 0.5-1% percentage point as credit demand rose due to the recovery, according to a report by the BIDV …

The Vietnam Automobile Manufacturers Association has sought cuts in excise tax and registration fees for hybrid electric vehicles. This would stimulate demand and encourage businesses to invest in power generation and charging systems, it said. Incentives for electric and hybrid vehicles should gradually decrease, and there would be no need …

Vietnam’s public debt in 2021 was 43.1% of the GDP, lower than the 60% ceiling set by the National Assembly. According to a Ministry of Finance bulletin, Vietnam’s public debt has gradually decreased over the past five years, from 61.4% in 2017 to 43.1% of GDP last year. Against a …

Only 26% of Vietnam’s workforce s are fully trained, while the rest lack skills and don’t meet the needs of enterprises, according to the Ministry of Labor, Invalids and Social Affairs. While the country’s population is in the “golden age,” the number of skilled and qualified workers remains low at …

After seeing his stocks lose 50 percent of their value in April, Tam of Ho Chi Minh City found a platform that promised profits of up to 600 percent. Everything about StockX seemed professional and legitimate, and he would have never thought it could be a fraud, he said. “This …

Vietnamese might get the new iPhone 14 two weeks earlier than previous models since Apple has lifted Vietnam up a scale in its priority markets. “The iPhone 14 will be officially sold in Vietnam three weeks after they are launched in major markets such as the U.S., Singapore, Hong Kong, …