Business

Covid-19 decimated tourism this year, but there is light at the end of the tunnel as Vietnam recently reopened to foreign tourists after an 18-month lockdown. Vietnamese airlines and travel firms started to recover in late 2020 thanks to stringent quarantine and good pandemic control measures, but the resurgence of …

Using credit cards to buy consumer durables through installment plans is becoming a common trend, especially among young people. In early October, when HCMC lifted Covid-19 restrictions, Ngoc Nhu decided to buy a new refrigerator and opted for an eight-month installment plan with zero interest. She had to pay VND1.3 …

Vietnam’s garment and textile exports next year is set to remain the same as this year even in the worst-case scenario where the Covid-19 pandemic prolongs, an association forecasts. Vietnam Textile and Apparel Association (VITAS) anticipates export would reach $39 billion next year, the same as this year, if pandemic …

Vietnam’s benchmark VN-Index fell 0.17 percent to 1,477.33 points Monday, its fifth session sideways with most blue chips in the red. The index dropped two points after two sessions in the green. It has remained in the 1,470-range for six consecutive sessions. Trading value on the Ho Chi Minh Stock …

The Golden Bridge in Da Nang City has won the 2021 World Travel Award in the ‘world’s leading iconic tourist bridge’ category. The bridge at the Ba Na Hills Resort in the Truong Son mountain range beat 11 other rivals, including some iconic ones such as the Henderson Waves Bridge …

Around 370,000 migrant workers are unlikely to return to HCMC, which they left amid the Covid-19 restrictions and job losses to go back to their hometowns. Of them, 140,000 have decided not to return and 230,000 do not have any plans yet, a study by the University of Economics HCMC …

Laos is set to reopen its doors to tourists from 17 countries, including Vietnam, on January 1, nearly two years after it shut them following the Covid-19 outbreak. Visitors from Australia, Cambodia, Canada, China, France, Germany, Italy, Japan, Malaysia, the Netherlands, Singapore, Spain, South Korea, Thailand, the U.K., and the …

Ninety percent of Vietnamese who lost their jobs in Q3 stopped looking for new employment, more than other Southeast Asian nations, a study found. The ratio in Indonesia is 60 percent and Malaysia 40 percent, according to a report by Asian Development Bank (ADB). It used data from the General …

Textile and garment companies in the south have been forced to turn down new export orders amid labor shortages and potentially huge freight costs. At a seminar Friday on sustainable development of the garment and textile sector, industry executives said two months after resuming operations, their major concerns now are …

Electronics retailer Mobile World is set to offer consumer loans of up to VND10 million ($435), and plans to sign a deal with credit provider F88 next week. The loans will carry interest of 1.1 percent a month. Customers need to repay within 12 months. They can get a loan …