Business

Expanding into new areas such as retailing of drugs, fashion items and jewelry is risky, but Mobile World’s said it is part of its strategy to learn through experience. Its chairman, Nguyen Duc Tai, told shareholders at a recent meeting that these risks are manageable since the main business of …

  Chairman of Bình Phước People’s Committee Trần Tuệ Hiền (centre) and representatives of Erex and T&T Group sign a MOU on cooperation on investment in biomass energy. — Photo binhphuoc.gov.vn BÌNH PHƯỚC — Japan’s Erex Co Ltd is considering building a biomass power plant with a capacity of 100-150MW in the southern province of …

  Goods are gathered at Cát Lái Port to prepare for export. VNA/VnExpress News Photo   HÀ NỘI — A rebound in domestic consumption demand and surge in exports are expected to be drivers for Việt Nam’s economic growth in 2022. Many international organisations have been upbeat about the recovery of the Vietnamese …

Vietnam’s benchmark VN-Index rose 0.59 percent to 1,512.30 points Wednesday, highest in nearly seven weeks. The index stayed in the green throughout the day and closed nearly nine points higher after losing seven points Tuesday. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is …

  Buyers at a gold shop in Ha Noi. — Photo baogiaothong.vn HÀ NỘI ­— Gold prices have climbed to a historic peak in Việt Nam, reaching nearly VNĐ64 million (US$2,782) per tael, as international prices hit a near nine-month high after Russia ordered troops into breakaway regions of eastern …

Work on a pair of six-star cruise vessels for sailing in Ha Long Bay began last week and are scheduled to be finished next year. To be named La Siesta, they will have a length of 110 meters and 55 luxury cabins each, and will be the largest vessels in …

Prime Minister Pham Minh Chinh has instructed the trade and finance ministries to study the possibility of lowering the environmental tax on fuel amid surging prices. The Ministries of Industry and Trade and Finance need to make a submission on this by February 28, he said. The environmental tax on …

  Ambassador Mudie, Consul-General Hooper and Economic Counsellor David Gottlieb met Ascend Vietnam Ventures team at the launch. — Photo dtinews.vn HCM CITY — The Australian Government has committed A$4.9 million (US$3.53 million) of investment in Việt Nam’s venture fund Ascend Vietnam Ventures (AVV) to assist local start-ups, according to the Australian Embassy in …

Nemo-PVcom Merit Fund (NPMF) has completed its initial round of funding, aiming to up figures in 2022 and 2023 via global investors. NPMF has a charter capital of VND51 billion ($2.2 million) at its inception and aims to raise an additional $20 – 50 million from investors in the Korean, …

Among 33,483 automobiles sold in Vietnam in January, 5,534, or 16 percent, are crossovers, also called CUVs. Although CUVs have not been the best-selling segment in the market, they have been improving, according to combination of data from Vietnam Automobile Manufacturers Association (VAMA), TC Motor and VinFast. The market share …