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
Businesses prudent with financial targets
Gloomy business conditions are expected to continue through 2023, reflected in Vietnamese enterprises setting modest financial targets for the year Planning in caution Though PetroVietnam Ca Mau Fertilizer JSC saw a sharp spike in profit after tax in 2022, up 2.3 times against 2021 to over
Trekking to Lung Cung Peak
Lung Cung Peak, with a height of 2,913 meters, is an ideal trekking destination thanks to its pristine beauty and impressive landscape. Lung Cung Peak belongs to Lung Cung Village, Nam Co Commune, Mu Cang Chai District, Yen Bai Province. It is one of the highest mountain peaks in Vietnam. The peak
Fighting against counterfeits
In early November last year, traders in the Saigon Square shopping center in downtown HCMC tidied up their goods, closed their stores and quickly left the mall when a market surveillance force rushed in. Three months later, the shopping center seemed to return to normal. The Office of the United
A distinctive version of An Nhon-style spring rolls
With their distinctive flavor, spring rolls served on a flat winnowing basket (banh cuon tret) in An Nhon Town are a favorite among diners. The name “banh cuon tret” comes from the fact that when the dish is served, all the ingredients, including beef, fresh vegetables and the fried spring rolls,
Trumpet trees blossom in town
Traveling on many streets in HCMC these days, visitors will see the pink flowers of trumpet trees blossom. The flower originating from the Americas, also known as the pink bell flower, was first planted in HCMC in 2009. It has been grown on many roads around town, such as Dien Bien Phu, Ham Nghi,
Can housing tax help prevent speculation?
Vietnam is among nations with the highest house price to income ratios. The fast rise of housing prices in major cities is a big headache for authorities as it aggravates inequality and hinders access to housing by low- and middle-income people. Housing tax is a widely-used measure to control and
Vietnam to have PPP commodity-based group for rice
HCMC – Vietnam has promoted agricultural modernization and investment via a public-private partnership (PPP) commodity-based working group. The Ministry of Agriculture and Rural Development announced a decision to set up Vietnam’s rice PPP working group on March 3 in the Mekong Delta city of Can