Business

Automaker VinFast plans to stop making gas-powered cars this year and become a wholly electric vehicle manufacturer. “From a rookie in the market with gas-powered cars, VinFast is now making its mark as an electric carmaker,” VinFast Global CEO Le Thi Thu Thuy said at the 2022 CES exhibition in …

Passengers aboard the Vietnam Airlines flight from Tokyo to Hanoi that had to turn back after an anonymous shooting threat were told it was returning due to “technical problems.” The Civil Aviation Authority of Vietnam said a person called the airline’s office in Japan and said: “Flight VN5311 had better …

Lawmakers have expressed mixed opinions on the government’sVND347 trillion ($15 billion) stimulus package, with some urging for more cash while others worry about inflation. “We plan to provide a large amount through fiscal policy but the amount through monetary policy is not meeting expectations from businesses and the people,” said …

Lang Son authorities have proposed exporters nationwide stop transporting goods to its border with China until the Lunar New year Festival in early February. The proposal was sent to cities and provinces on Dec. 4 as some 2,460 container trucks, with 60 percent carrying fresh fruits, remain stranded at border …

Despite trading restrictions imposed on it, seafood company NTACO was the biggest gainer on the stock market, closing the year up 20.5 times at VND4,300 ($0.19). ATA was limited to trading on Fridays on the Unlisted Public Company Market since the company has been posting losses for years, but on …

Ride-haling platform Gojek has launched its GoCar Protect service in Hanoi a month after introducing it in HCMC. The Indonesia-headquartered company guarantees that all its drivers have got two doses of Covid-19 vaccines and all cars are equipped with an air purifier and a transparent protective shield to separate drivers …

Hit hard by the Covid-19 pandemic, the food and beverage industry has nevertheless learned valuable lessons in flexibility and labor retention. Accommodation and food establishments saw revenues decline by 19 percent in 2021 to VND398 trillion ($17.3 billion), according to data from the General Statistics Office. The southern province of …

Vietnam’s stock market was the seventh biggest gainer last year at 35.7 percent, outperforming regional peers, as new retail investors rushed to a new asset for profit. With the benchmark VN-Index rising 394 points to close the year at 1,498 points, Vietnam listed among the top 10 gaining stock markets …

This is VNDirect’s second syndicated loan in the foreign capital market in 2021 to support its business growth. Cathay United Bank acted as sole Mandated Lead Arranger and Bookrunner (MLAB) for this deal, which launched in September 2021 at an initial deal size of $98 million with a greenshoe option …

Aviation officials and travel firm representatives say the partial resumption of commercial international flights after a hiatus of nearly two years has happened just in time. On January 1, a VN582 flight from Cambodia’s Phnom Penh with 121 passengers on board landed at the Tan Son Nhat Airport in HCMC, …