Facebook, the 800-pound gorilla homegrown Vietnamese social media cannot take on

Vietnam got its latest in a long line of social networks Tuesday but doubts remain about the viability of homegrown players in a Facebook-dominated country.

Vietnam to scrap crude oil import tax

Vietnam will remove the current five percent import tax on crude oil imports starting November 1 as domestic supply dwindles.

Vingroup to guarantee auto subsidiary’s $216 mln bond issuance

Conglomerate Vingroup has agreed to guarantee a bond issuance worth VND5 trillion ($216 million) this year by its auto subsidiary VinFast.
September 18, 2019 | 02:23 pm GMT+7

Masan subsidiary to buy tungsten business from German firm

Masan Resources is set to buy the tungsten business of Germany’s H.C. Starck Group as part of its strategy to go global.
September 18, 2019 | 10:59 am GMT+7

IFC offers loan for Vietnam tourism infrastructure

The International Finance Corporation will lend $87.5 million to Vietnamese property developer BIM Land for tourism infrastructure development in Vietnam and Laos.
September 18, 2019 | 09:15 am GMT+7

Airlines shape up as new competition threatens market share

Vietnam's carriers are providing better ticket policies and treating agencies better after new entrant Bamboo Airways began eating into their market share.
September 18, 2019 | 08:03 am GMT+7

South Korean firms up instant noodles investment in Vietnam

South Korean instant noodle firms Nongshim and Ottogi are increasing their Vietnam investments with an eye on Southeast Asia as a whole.
September 18, 2019 | 07:42 am GMT+7

Home appliance maker says fraud allegations have caused $43 mln in damage

Asanzo chairman said at a press conference Tuesday that his firm has suffered VND1 trillion ($43 million) in damage by unproven fraud allegations.
September 17, 2019 | 07:08 pm GMT+7

Top carriers in war of words over fare listing practices

Vietnam Airlines and Vietjet are accusing each other of adopting illegal and opaque fare-listing practices.
September 17, 2019 | 03:48 pm GMT+7

Less working hours not feasible, businesses say

Many companies disagree with a proposal to cut weekly working hours to 44, saying the move would create more problems, not solve them.
September 17, 2019 | 10:53 am GMT+7

Oil and gas stocks rally as world prices rise

Oil and gas stocks surged on Vietnam’s exchanges after a drone strike on two Saudi facilities pushed global prices up.
September 16, 2019 | 05:59 pm GMT+7

Work begins on first section of North-South expressway

Construction on the first section of the North-South Expressway, a VND7.7 trillion ($331 million) project in central Vietnam, commenced Monday.
September 16, 2019 | 04:23 pm GMT+7

LNG Ltd to supply gas to Vietnam from Louisiana project

Australia-listed Liquefied Natural Gas Ltd signed a deal with a province in Vietnam to supply liquefied natural gas (LNG) from its Louisiana-based Magnolia project.
September 16, 2019 | 04:09 pm GMT+7

Saigon apartment prices balloon in last 5 years

Apartment prices in HCMC have risen by more 50 percent across all segments since 2015, real estate firm DKRA said.
September 16, 2019 | 10:27 am GMT+7

Hundreds of stocks languish unwanted on Vietnam exchange

Hundreds of stocks on Vietnam’s Unlisted Public Companies Market (UPCoM) do not register any trades for many consecutive sessions.
September 16, 2019 | 07:39 am GMT+7
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