Business

Exporters could lose VND3-4 trillion ($131-175 million) if 6,200 container trucks remain stuck at the Vietnam-China border, an association estimates. A truck typically carries goods worth VND500-900 million, and costs of renting the truck and hiring a driver could increase by VND100 million plus other expenses, chairman of Vietnam Fruit …

The total net worth of Vietnamese billionaires has increased by nearly $2.6 billion, or 15 percent, since the last Forbes’ Billionaires update in April, to a combined $19.3 billion due to surging stock prices. Pham Nhat Vuong, chairman of conglomerate Vingroup and the richest person in Vietnam, saw his assets …

Vietnam Airlines has announced it will resume regular commercial flights to 15 foreign destinations, including the U.S. and Europe from early next year. The government has approved for resumption of international flights on nine routes from January 1 and six extra ones from January 26. Vietnam Airlines has announced it …

Vietnam’s benchmark dropped 1.4 percent to 1,456.96 points Thursday, the lowest in two weeks, with real estate tickers leading the plunge. The index stayed in the red for most of the day and closed nearly 21 points lower after going sideways for eight sessions. Trading value on the Ho Chi …

The Civil Aviation Authority of Vietnam has permitted airlines to commence ticket sales for regular international flights to Japan and the U.S. scheduled to depart Jan. 1. Dinh Viet Thang, head of the Civil Aviation Authority of Vietnam (CAAV), said it had negotiated with markets to which Vietnam plans to …

Vietnam is set to commercially launch 5G mobile services next year as it seeks to increase the number of internet users by reducing the number of 2G smartphones to under 5 percent. The Ministry of Information and Communications reported at a meeting Wednesday that the service will be operated with …

E-wallet MoMo has completed its $200-million Series E funding round and reached a valuation of over $2 billion. The round was funded by a consortium of investors led by Japan’s Mizuho Bank, the company stated. Investment funds Ward Ferry, Goodwater Capital and Kora Management made up the rest of the …

Vietnam is the biggest ASEAN foreign direct investor in Cambodia with 188 active projects and a total registered capital of $2.85 billion. In the first 11 months this year, Vietnam has invested in four new projects in Cambodia with a registered capital of nearly $90 million, up 4.6 times year-on-year, …

Nestle Vietnam rose two places to become the best place to work in Vietnam this year, followed by Vietcombank and Viettel, a new survey has found. They were followed by nutrition company Abbott Vietnam, beverage producers Coca-Cola Vietnam and Pepsico and vaccine distributor Pfizer Vietnam, according to a survey by …

Nelson Wu, BEST Express CEO, says Vietnam is fertile ground for express delivery development in the e-commerce industry, given its young population and large percentage of smartphone users.     Vietnam an e-logistics phenomenon in the making: industry leader abc Nelson Wu, BEST Express CEO, guest speaker at Nguy Co …