Quang Ninh welcomes nearly 2,000 int’l cruise guests
HCMC – The Malta-flagged passenger cruise ship Mein Schiff 5 arrived in Halong Bay in Quang Ninh Province today, March 6, taking close to 2,000 European visitors, with most of them German, to the World Heritage-listed bay. The tourists are expected to visit popular destinations in Quang Ninh such
Rice exports down in Jan-Feb
HCMC – Vietnam exported 789,000 tons of rice worth US$417 million in the first two months of 2023, down 18.8% in volume and 10.8% in value year-on-year, according to data from the Ministry of Agriculture and Rural Development. However, the export price of Vietnamese rice between January and
DGC expects profit to halve this year
HCMC – Duc Giang Chemicals Group JSC, whose DGC shares are traded on the Hochiminh Stock Exchange (HOSE), looks to obtain nearly VND10.9 trillion in revenue and VND3 trillion in profit after tax in 2023. The figures plunged by 24.7% and 50.3% compared to the 2022 results, respectively. The firm
Dien Bien airport’s temporary closure begins early next month
HCMC – The Dien Bien Airport in the northern upland province of the same name will be temporarily closed for expansion for six months, starting from April 1 this year. The provincial government and the Civil Aviation Authority of Vietnam have agreed on the closure date of the airport, the local
Lao Airlines to resume air services to Danang
HCMC – Lao Airlines will reopen an air route linking the Lao capital of Vientiane and Vietnam’s Danang City from March 30, with two weekly flights on Thursdays and Saturdays, said a representative of the airline. The flight resumption on the Vientiane-Danang route, favored by lots of tourists
HCMC seeks quick launch of HCMC-Con Dao ferry service
HCMC – The HCMC Department of Transport has written to the Ba Ria-Vung Tau Department of Transport proposing cooperation in launching the HCMC-Con Dao express ferry service to meet the travel demand. The Con Dao airport will be closed for repair for nine months, from April to December, while the
F88 was searched by the police to investigate the office
On the morning of March 6, various law enforcement units in Ho Chi Minh City, in coordination with the police in Go Vap district, sealed off a section of Nguyen Oanh street, restricting vehicular traffic, while conducting a search of the 7th and 8th floors of an office building. This area is the
FLC to sell stake in Bamboo Airways
HCMC – Vietnamese conglomerate FLC Group plans to sell its stake in local carrier Bamboo Airways as part of its business restructuring plan, said FLC board chairman Le Ba Nguyen at an extraordinary general meeting last weekend. This year, FLC is set to reshape its business strategy, focusing on
7 out of 10 Vietnamese people play games
Samsung Electronics recently released a market research report on gaming in the Southeast Asia and Oceania (SEAO) region. The study, conducted in collaboration with ONE Esport, surveyed over 6,800 consumers aged 18-49 in seven markets including Australia, Indonesia, Malaysia, Philippines,
Bond issuers allowed to extend coupon payments
HCMC – Debt-issuing organizations can extend coupon payments by up to two years and settle debt by assets, instead of cash, if they secure approval from bondholders, according to a new Government decree. Government Decree 08 was issued on March 5 to revise and supplement some regulations on
Nha Trang receives luxury cruise ship with 333 tourists on board
HCMC – The Bahamas-flagged luxury cruise ship, Silver Muse, arrived at the Nha Trang port in Khanh Hoa Province yesterday, March 5, with 333 international passengers on board. These tourists are mainly from Germany, Canada, Australia, Colombia, Thailand and China, the local media reported. After
Forex rate vs interest rate
Forex rate and interest rate are two major macro variables in the economy, and they alongside inflation take center stage in monetary management. The correlation between the two variables was specially visible in 2022, with the State Bank of Vietnam (SBV) pivoting around each of them in its