Business

South Korea’s Shinhan Financial Group said it has reached an agreement to acquire a 10 percent stake in Vietnam-based e-commerce company Tiki. The South Korean group said its two units, Shinhan Bank and Shinhan Card, will pick up 7.44 and 2.56 percent stakes in Tiki, respectively. It has invested $90 …

South Korea will again allow visa-free entry for Vietnamese tourists to Jeju Island and Yangyang County from June 1 under a policy that was suspended during the Covid-19 outbreak. On Wednesday Interior and Safety Minister Jeon Hae-cheol announced that the government is set to revive the waiver program that would …

Ta Long Hy, 72, has taken over as general director of taxi giant Vinasun for a five-year term from Dang Thi Lan Phuong. Hy, a former standing deputy general director, has been with the firm for 17 years and steadily advanced up the ranks. He has been the president of …

Vingroup plans to issue $525 million worth of international bonds this month as part of its plans to raise $1.5 billion to fund its auto subsidiary VinFast. This is the first of two issuances the company has planned for this year. No further details are available yet. Last year, the …

The manufacturing sector continued to expand in April as business conditions improved overall for a seventh successive month. The purchasing managers’ index (PMI) was 51.7 in April, unchanged from March but above the boom-or-bust line, the latest survey from S&P Global showed on Wednesday. Growth was the softest in the …

  A component project of the North-South Expressway under construction. Speeding up the disbursement of public investment was expected to drive economic growth after the pandemic. — VNA/- VnExpress News Photo Việt Hùng HÀ NỘI — The Vietnamese Government has set up six working groups to speed up the disbursement of public …

An Oppo store. — Photo oppo.com HÀ NỘI — The trend of opening private stores that only sell one company’s products is being revived after the pandemic. Oppo has just opened its 15th store at a large shopping centre in Bình Tân District, HCM City. It is expected that it will open …

  The Southern Rubber Industry Joint Stock Company (CSM) sets profit before tax at VNĐ101 billion, up 83 per cent compared to 2021. — Photo courtesy of the company HÀ NỘI — Both global synthetic and natural rubber prices are on an upward trend, but not all businesses in the industry …

  Deputy Minister of Agriculture and Rural Development Phùng Đức Tiến The Vietnamese Government has issued a series of incentive policies aimed at promoting private investment in agriculture. Decree No 57/2018/NĐ-CP, implemented in 2018, was the most recent initiative which was designed to support the development of emerging agricultural enterprises. However, the implementation …

The Aston Luxury Residence’s Block Sea (HH2) attracts buyers with its green gardens, spaciousness and healthcare ecosystem. Since the early 20th century, Nha Trang has been well-known for its tourism and wellness qualities with its attractive natural landscapes, biodiversity and fresh sea breeze. 130 years ago, Alexandre Yersin, a world-renowned …