Thursday , October 31 2024

Business

Business

Travel firms, hotels struggle with absence of Chinese tourists

Travel companies and hotels in Khanh Hoa and Quang Ninh provinces, which depend heavily on Chinese tourists, are worried that their absence could push them to bankruptcy. Though Vietnam reopened international tourism mid-March, Chinese tourists have not yet been able to visit the country as China persists with its zero-Covid …

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VN-Index falls below 1,400 points on strong selling force

PV Gas’s workers doing maintenance work. The company’s shares slid by 6.41 per cent yesterday, adding pressure on the market’s downtrend. Photo pvgas.com.vn HÀ NỘI — The stock market finished lower on Wednesday, extending its long bearish trend, on persistent strong selling pressure.  On the Hồ Chí Minh Stock Exchange (HoSE), the …

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HCM City keeps smart city status in sights

  HCM City’s traffic monitoring system The city plans to launch several smart city services this year. — Photo sggp.org.vn HCM CITY — The digital transformation successes achieved so far by HCM City will propel its progress towards becoming a smart city this year, officials say. They note in particular that digital applications …

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VN-Index closes 5th session in red

VN-Index closes 5th session in red

Vietnam’s benchmark VN-Index fell 1.55 percent to 1,384.72 points Wednesday, a six-month low, as selling pressure remains high in a bear market. The index stayed mostly in the red throughout the day and closed nearly 22 points lower. It has dropped in eight of the last 10 sessions. It is …

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Miners invest in computers for new cryptocurrency

Investors are spending hundreds of millions of dong (VND100 million = $4,400) on computers and network systems to mine a new cryptocurrency called Pi. “People said on Facebook that running [software] Pi Node on computers can earn more than mining Pi on smartphones,” Nguyen Son, a crypto miner in Binh …

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Bonchon Vietnam opens 9th store

Bonchon Vietnam celebrated the grand opening of its 9th store at Van Hanh Mall in HCMC, and welcomed global chairman Seo Jinduk to the event. Bonchon Vietnam’s 9th store is on the 5th floor of Van Hanh Mall in District 10, Ho Chi Minh City. The grand opening marked three …

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Vietjet announces direct routes between Việt Nam and India

  Chairman the National Assembly of Việt Nam Vương Đình Huệ (third from right), Speaker of the Lok Sabha of India Om Birla, and Deputy Prime Minister of Việt Nam Lê Minh Khái at the announcement ceremony on Tuesday in Hà Nội. — Photo courtesy of Vietjet HÀ NỘI — Vietjet has announced four new services from …

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Vietnam plans two-thirds cut in thermal power

Vietnam plans two-thirds cut in thermal power

Vietnam will reduce coal-fired power supply by two-thirds between 2025 and 2045 and increase renewable power supply to account for more than half of the total. All localities have expressed agreement with the Ministry of Industry and Trade’s latest version – Power Power Development Plan 8 – which was announced …

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