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Property developer Novaland plans to issue 1.37 billion shares to raise a minimum of VND13.7 trillion (US$563 million) to pay off and restructure debts. It will issue 200 million new shares with a one-year lockup period to up to five professional stock investors and 1.17 billion bonus shares to existing …

South Korea began issuing digital nomad visas from Jan. 1, allowing foreigners to stay for up to two years, as it seeks to compete with Southeast Asian countries. To be eligible for the visa, applicants must prove that they can earn an annual income of 84.96 million won (US$65,860), double …

Vietnam’s distributors of luxury brands such as Louis Vuitton, Chanel, Dior and Hermes posted VND3.8 trillion ($156.57 million) in 2022 profits, up 270% year-on-year, according to latest data from a market research company. The combined revenues of 12 companies that distribute 34 luxury brands surged 67% to VND25 trillion, Vietdata …