Business

Vietnam has sought the U.K.’s assistance in improving its banking and finance legal framework and establishing a financial center in HCMC. Vietnam wants to learn from the experience of developed countries, including the U.K., in developing a financial center, National Assembly Chairman Vuong Dinh Hue told the Acting Mayor of …

The Ministry of Transport has ordered Vietnamese airlines to improve on punctuality after more than 5,600 flights were delayed in June with late-arriving aircraft cited as the main reason. The figure was up 15.9 percent year-on-year and up 9.4 percent from last month, according to a report from the Civil …

One Mount Group was recognized as an industry leader in the digital transformation of supply chains and logistics at Google Cloud Customer Awards. The award reflects One Mount and Google Cloud’s productive partnership in pushing cloud- and data-powered innovation to digitalize operations across Vietnam’s entire retail chain. Transforming over 100,000 …

Vietnam’s benchmark VN-Index rose 0.11 percent to 1,198.90 points Friday thanks to last-minute purchase demand. The index closed one point higher after losing over 20 points Thursday. It gained over 13 points this week. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 0.81 percent to VND11.42 trillion …

Vietnam’s 10 most-active property developers and architecture firms were awarded at the annual BCI Asia Awards ceremony held on June 30. The portfolios of the top developers for 2022 are valued at $1.82 billion, while those of the 2022 elite architecture firms comprise $9.71 billion worth of properties scheduled to …

There were 60.8 million domestic tourists in the first half of this year, 1.4 times the pre-pandemic number and already past the full-year target of 60 million. June saw the highest monthly figure in recent years of 12.2 million, according to the Vietnam National Administration of Tourism. Tourism revenues were …

Vietnam exported $5.8 billion worth of seafood in the first six months, up 40 percent year-on-year. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood export revenues rose 46 percent and 36 percent year-on-year in Q1 and Q2, respectively. Export of shrimp, the top item in terms …

Low product visibility and brand awareness plague Vietnamese electronics producers. When asked about air conditioners, salespeople at a store in HCMC’s Thu Duc city mainly show buyers foreign products like Daikin and Panasonic, or the more budget-friendly Casper and Gree. When customers ask about local brands, the staff only recommend …

HCMC has collected taxes and fines worth a total of VND169 billion ($7.26 million) from 38 individuals who earned incomes through Google in the first half of the year. They failed to file their tax returns in time, deputy head of the city tax department, Thai Minh Giao, said. One …

The Ministry of Finance has apprised the government of its plan to reduce special consumption tax and value-added tax on gasoline to bring its prices down. The plan was announced Thursday by a ministry official without disclosing further details. Currently special consumption tax is at 8-10 percent and value-added tax …