Business

Grilled chicken standing upright fly to the table via a zipline in a spacious Da Lat restaurant. Videos of this service have gone viral, garnering publicity for the new eatery. The restaurant, which opened last month on Trieu Viet Vuong Street in the Central Highlands resort town, covers an area …

Property company FLC suffered a loss of VND465 billion (US$19.85 million) in the first quarter, its biggest loss in the last two years. Its undistributed profits have gone down from VND2.1 trillion to VND1.6 trillion as a result. The company management said there were four main reasons for the loss: …

  The dividing of land into lots to sell for profit is rampant nationwide. Banks started to tighten credit into the real estate sector to direct the capital flow into production and business for post-pandemic economic recovery. — VNA/- VnExpress News Photo HÀ NỘI — The HCM City branch of the State Bank …

  Workers making furniture at a Woodland’s factory. Photo baodautu.vn HÀ NỘI — The number of newly established firms reached an all-time high of around 15,000 in April, with total registered capital of VNĐ164.1 trillion (US$7.1 billion), according to the General Statistics Office (GSO). The number of re-opened firms was 7,034, …

The Ministry of Finance has turned down airlines’ requests for further tax breaks, saying they have received enough support from the government. In response to several airlines’ request to reduce value-added tax from 8 percent to 5 percent and fuel import tax from 7 percent to zero, the ministry said …

Vietnamese exporters are finding it difficult to ship their products to China, where tightened Covid-19 measures are doubling transportation time and quadrupling costs. Since the beginning of this year mango exporter Thanh Tung of the southern province of Dong Thap has been unable to export to China and only been …

The monthly incomes of foreign experts ranged between US$8,500 and $34,000 last quarter, according to a recent report by recruitment firm Navigos Search. The report said enterprises operating in Vietnam “pay very high salaries” to attract foreign candidates. Navigos Search said some sectors like garment, tourism and hospitality have high …

    HÀ NỘI — HDBank has announced its pre-tax profit of over VNĐ2.52 trillion (US$110 million) in the first quarter of this year, up 20.3 per cent year-on-year, completing 26 per cent of the yearly plan. Following the bank’s financial statements for Q1, its net revenue from services saw a yearly increase of over …

Kyber Network has become the third Vietnamese cryptocurrency to achieve market capitalization of US$1 billion. KNC rose from $1.5 in January to over $5.5 Thursday morning, making it the world’s 80th largest cryptocurrency. Kyber Vietnam, the company behind it, was founded in 2017 by two Vietnamese developers, Victor Tran and …

Steel giant Hoa Phat reported post-tax profits of VND8.2 trillion ($357.1 million), up 17 percent from the same period last year. Revenues rose nearly 40 percent to VND44 trillion, with 90 percent stemming from its core businesses of steel and steel products. It sold around 2.17 million tons of construction …