Business

Vietnam’s largest brewer Sabeco reported post-tax profits of VND1.79 trillion ($76.6 million) for the second quarter, the highest since ThaiBev acquired it in 2017. It represented a 67 percent increase year-on-year, while revenues were up 25 percent to VND9 trillion. The management said the lifting of social distancing restrictions, resumption …

Vietnam’s benchmark VN-Index rose 1.43 percent to 1208.12 points Thursday, highest in four weeks, as global markets closed in the green after the U.S. Federal Reserve hiked rates. The index closed 17 points higher after gaining nearly 6 points on Wednesday. This was its biggest gain in two weeks. Trading …

Vietnam needs to offer better incentives and bonuses to attract private and foreign investment into the oil and gas industry, experts said. The number of contracts for exploration and drilling fell from 35 in 2009-2014 to just three in the next five years. No new contract has been signed in …

American leading tour operator TCS World Travel plans to launch private jet tours, allowing visitors to discover wonders across six continents including Da Nang and Hoi An. The first tour scheduled to begin from Jan. 27 next year would take tourists through the rugged landscapes of Tasmania State in Australia, …

Tran Le Nguyen, CEO of KIDO, shared with The Next Power his story of returning to the confectionery market and using renovation in a quest to build a billion-dollar business.     How KIDO works on its dream of becoming billion-dollar business The conversion to become a billion-dollar business of …

Only a quarter of Vietnam’s small businesses can obtain loans from formal lenders due to management and planning issues, an official of the Ministry of Planning and Investment said. It is not uncommon that small businesses poorly manage their capital flow and lack transparency in their documents and reports, Bui …

Companies are posting a double-digit decline in loans as investors refrain from using leverage amid negative market signs. The loan value given by 20 brokerages that have released their second quarter earnings has dropped by nearly 30 percent from the first quarter to VND71 trillion ($3.04 billion). This is nearly …

Vietnam’s benchmark VN-Index rose 0.5 percent to 1191.04 points Wednesday with foreign investors net buying for the sixth straight session. The index closed nearly 6 points higher after losing 3 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 6.1 percent to VND10.02 trillion ($428 …

The U.S. has surpassed China to become the biggest buyer of smartphones and parts from Vietnam in the first six months with a purchase value of $6.61 billion, up nearly 54 percent year-on-year. It was followed by China at $6.45 billion, up nearly 17 percent, according to Vietnam Customs. Exports …

Hoang Thien, 33, says he invested US$35,000 in a cryptocurrency game and broke even in just 22 days. Most of the money went toward NFT shoes – virtual items that allow owners to jog and earn cryptocurrency rewards – the Hanoian says. “A pair of shoes costs $1,000, and I’ve …