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Vietnam’s fuel reserves are too meager to meet actual demand, and a large increase is needed to ensure fuel security, the Ministry of Industry and Trade has warned. The country maintains a reserve of 370,000 cubic meters, which translates into 6.5 days’ consumption, and this is too low, it said …

High-end hotels in the country have not been able to deal adequately with the loss of well-trained staff during the Covid-19 pandemic and remain mired in a human resource crisis. According to the Vietnam Hotels Association, there are over 550 luxury hotels that accounts for about 18% of the total …

Highlands Coffee chain lost VND19 billion ($812,069) last year, its first loss since 2014, VnExpress has learned. Its sales plunged by nearly 20 percent to VND1.7 trillion, which still made it the largest coffee chain in Vietnam, its earnings report, recently acquired by VnExpress, shows. It is not listed on …