Business

Cross-borders platforms like Facebook and Google have paid VND5.1 trillion ($220 million) in taxes for the period between 2018 and 2021, says Finance Minister Ho Duc Phoc. He informed lawmakers in a report that by April 2021, Facebook had been taxed VND1.97 trillion; Google, VND1.9 trillion; and Microsoft, VND651 billion. …

TOKYO — Activities introducing and promoting litchi and other Vietnamese fruits at the Việt Nam Festival in Japan have attracted the attention of a large number of Japanese citizens. According to Tạ Đức Minh, Việt Nam Trade Counselor in Japan, the trade office has used the occasion and coordinated with …

  For the fourth consecutive year, Visa has honoured Techcombank for cementing its leading position among banks in Việt Nam. Photo courtesy of the bank HÀ NỘI — Techcombank has received 8 awards from the global payments company Visa for its achievements in 2021. These prestigious awards were presented last …

Over 90 percent of vendors at the largest garment market in Ho Chi Minh City have applied to cease operating in protest at plans to double rent. As many as 138 of 150 vendors in Dai Quang Minh Market have petitioned authorities of Ward 14 in District 5, seeking their …

Vietnam’s benchmark VN-Index rose 0.16 percent to 1290.01 points Monday with a double-digit surge in trade as blue chip stocks climbed to the highest in weeks. The index closed two points higher after losing nearly one point on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by …

Vietnam Helicopter Corporation’s profits rose by 11 percent to VND263 billion (US$11.3 million) last year despite the severe impact Covid-19 had on the aviation industry. It saw a 6.7 percent drop in revenues to VND2.08 trillion. The company transports cargo and people, trains pilots, imports aviation devices, and offers firefighting …

Economists are divided on how the government should handle the rising inflation amid global headwinds. Deferring public spending due to fear of inflation would mean frittering away opportunities, and officials “need to think unconventionally during unusual circumstances,” Tran Dinh Thien, former head of the Vietnam Institute of Economics, said at …

The Ministry of Culture, Sports and Tourism is seeking feedback from other ministries on scrapping the travel insurance requirement for Covid-19 treatment for foreigners entering Vietnam. It said the pandemic situation is under control and the cost of treatment is not as high as it used to be since most …

Tour operator Saigontourist reported a loss of VND534 billion (US$23.02 million) last year, its highest ever, as Covid-19 wrecked the tourism industry. Its revenues halved from the previous year to VND1.14 trillion, a fifth of average pre-pandemic levels. In 2020 it had reported losses of VND359 billion. Saigontourist also reported …

    Transactions at Standard Chartered Bank Vietnam. The award recognises the strengths of the bank’s capabilities in offering world-class banking products for valued customers. Photo courtesy of the bank HÀ NỘI — Standard Chartered Bank Vietnam has been named the “Most Inspiring Brand (Banking sector) in Việt Nam” in 2022 by International …