Business

The Thai government is working on a plan to establish a bus route connecting Thailand with Laos and Vietnam as part of its efforts to promote tourism. The 300 kilometer route will link Thailand’s northern province of Nakhon Phanom with southern Lao town of Thakhek and Vietnam’s central province of …

Many investors are buying Bitcoin after the cryptocurrency’s price fell to US$20,000, its lowest level since December 2020. Thanh Binh of HCMC says he turned off notifications on his crypto trading app after buying it at $38,000 and losing over VND40 million ($1,720). But he has returned and bought a …

Starbucks Vietnam will close its Hanoi outlet after eight years, following the closure of two locations in Vietnam last year. The Starbucks Lan Vien outlet in Hoan Kiem District will operate until June 30, the company said in a Facebook post. Last year, the coffee chain had closed another outlet …

Shark catfish exports to the U.S. and China have doubled year-on-year to $1.21 billion between January and May, the five-month highest ever. Shark catfish exports to China in particular increased by 124 percent, accounting for 26.5 percent of shark catfish export trade turnover, according to data by the Ministry of …

People with large land holdings and multiple properties should be taxed higher than those with smaller holdings to prevent hoarding and speculation, the Communist Party’s Central Committee has said. It said in a new decree that low-income and ethnic people should get land-use tax and fee cuts. Information about property …

Half of all fishing vessels in Vietnam have stopped going out to sea due to the high diesel prices, posing a challenge to supply chains and national maritime sovereignty. The Ministry of Agriculture and Rural Development said with diesel prices rising 1.7-fold since the end of last year, the cost …

Ho Chi Minh City is set to cut the time it takes to approve social housing projects from 500 days to 133 days. The current length of 17 months does not encourage developers to invest in social housing, which the city is seeking to boost, the city’s chairman, Phan Van …

  A worker produces anti-counterfeit stamps at Tiên Dương Organic Agricultural Cooperative in Hà Nội. Photo Nguyễn Hoàng HÀ NỘI — Despite production and market difficulties due to the pandemic and climate change, many districts, firms and organisations in Hà Nội’s agricultural sector have remained strong thanks to the application of science …

A Con Cưng store. — Photo concung.com HÀ NỘI — The retail market of products for mothers and babies is booming as interest in health is increasing, especially for vulnerable groups such as families with infants and children. The trend to go to specialised supermarkets for mothers and babies has become …

  Businesses are in dire need of funds post-pandemic to buy raw materials. — Photo nld.com.vn HCM CITY — A HCM City programme to link banks and businesses has seen around VNĐ93 trillion (US$3.97 billion) disbursed so far this year to help revive the economy which was battered for two years …