Business

Vietnam will not hurry to fully reopen to foreign tourists as concerns rice about the Omicron variant, Deputy PM Vu Duc Dam says. While the tourism industry “should be better prepared and renew itself to be ready to welcome back foreign tourists,” the reopening should not be hasty, he said …

Vingroup has secured a $400-million loan from international lenders to fund ‘green’ and sustainable development of its auto unit VinFast and other subsidiaries. The lenders who arranged the funding were BNP Paribas, Cathay United Bank, Credit Suisse, HSBC, Maybank, and Taipei Fubon, it said in a statement. Nguyen Viet Quang, …

The E.U. and the U.K. have approved the trademark for ST25, the Vietnamese rice variety that was adjudged the world’s best in 2019, within five months of submission. “I was surprised [the] submission was approved so quickly,” Ho Quang Cua, referring to the ‘Gao Ong Cua’ trademark for the variety …

Japan’s Shikoku Electric Power Co Inc said on Friday it had invested more than 10 billion yen ($87 million) to buy a 15 percent stake in the Vung Ang 2 coal-fired power plant project in Vietnam. The Japanese utility has paid between 10 billion and 20 billion yen to Japanese …

With just a week to go for the three-day New Year holiday break, several four and five-star hotels and resorts in popular tourist hotspots are reporting high bookings. The holiday, which starts next Saturday, has become a perfect opportunity to travel, with most localities easing travel restrictions as per the …

Vietnamese tourism expects to welcome five million international visitors under the ongoing vaccine passport program in 2022 an industry official says. The industry also hopes to earn revenues of VND400 trillion ($17.5 billion) next year, Nguyen Trung Khanh, head of the Vietnam National Administration of Tourism, said at a seminar …

The government plans to triple the tax break value to VND60 trillion ($2.62 billion) to boost the economy amid Covid-19 impacts. The figure was suggested by the National Assembly, up from the VND21.3 trillion announced in October, Minister of Finance Ho Duc Phoc told a meeting Friday. The October figure …

Budget carriers Vietjet Air and Bamboo Airways announced Friday the resumption of regular commercial flights to Asian destinations on January 1 after a hiatus of nearly two years. Vietjet Air plans to operate two-way flights from Hanoi, HCMC to Japan’s Tokyo, South Korea’s Seoul, Taiwan’s Taipei, Thailand’s Bangkok and Singapore …

The Ministry of Industry and Trade is considering various price mechanisms for wind power plants that did not meet the October 31 deadline for the incentive feed-in-tariff. It is considering a tariff structure for all types of energy, based on which investors would negotiate power prices with state-owned monopoly distributor …

Vietnam’s benchmark VN-Index rebounded Friday with a 1.38-percent gain to 1,477.03 points, led by banking tickers. The index started off in the green and shot up in the afternoon to close 20 points higher after falling 21 points Thursday. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on …