Business

Foreigners see Vietnam as an ideal place for retirement with friendly people, natural landscapes and diverse tourism activities, but strict visa policies are keeping them away. Peter Zimmermann from Germany said he and his wife have been coming to Vietnam for 5-6 months every winter since 2013 and they always …

Turnover of the Vietnamese bubble tea market hit $362 million in 2021, ranking third among six major Southeast Asian markets, according to a recent study. The region’s largest market was Indonesia with an estimated $1.6 billion annual turnover. Thailand came in second with $749 million, according to a study by …

Vietnam’s benchmark VN-Index rose 0.05 percent to 1,275.28 points Wednesday, its fourth straight session in the green. The index closed 0.59 points higher after gaining 0.49 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 18.26% to VND17.67 trillion ($755.01 million). The VN-30 basket, comprising …

Hue will launch open-top buses running through famous tourist attractions in the former imperial capital from Sept. 1 to improve travel experiences. The buses will depart from Toa Kham Wharf next to the Huong (Perfume) River carrying passengers past a series of tourist landmarks like Thien Mu Pagoda, the Imperial …

Vietnam crab exports rose 41% to $111 million between Jan. 1 and July 15 this year, according to data from the Vietnam Association of Seafood Exporters and Producers (VASEP). The U.S, China, Japan and France were the four major markets accounting for 92% of the value. China was the fastest …

As a leading multi-industry and multinational corporation, Stavian Group respects cultural diversity in the workplace, becoming one of the “Best companies to work for in Asia.” Stavian Group has about 2,000 employees globally and presents in over 100 markets. As a multinational corporation, cultural diversity is a huge barrier for …

Japan’s largest power company JERA is set to buy a 35.1% stake in Gia Lai Electricity as it eyes Vietnam’s great renewable energy potential and growing electricity demand. It has struck a deal with the International Finance Corporation and Armstrong S.E. Asia Clean Energy Fund to acquire all their shares …

Textile and electronics companies are cutting overtime and working hours to their workers’ dismay as global consumer demand fall. Tran Thu Huong and her husband were working at a garment factory in HCMC’s Go Vap District when last month, their income fell by 20% to VND15 million ($640.75) as new …

The operator of Dung Quat Refinery, the first of its kind in Vietnam, has asked authorities for tax and lending incentives to fuel expansion. The plant’s expansion was approved in December 2014 but was delayed by issues in the design, appraisal and approval process, and capital mobilization. Therefore, Petrovietnam and …

Telecommunication giant Viettel has proposed that it produces chips to meet domestic demand and for export in addition to offering e-payment services. Leaders of the military-owned Viettel Group made the proposal at a Tuesday meeting with Prime Minister Pham Minh Chinh. The proposal was made in the context of the …