Society

Developer signs multiple hotel management deals

The Vietnamese-American Hotel and Resort (VAHR) Ltd. signed three management agreements on August 24 with a major hotel operator for the The Ritz Carlton, JW Marriott and Outrigger hotels, all US-headquartered.
Miss Vietnam World final ‘best yet' Culture - Sports

Miss Vietnam World final ‘best yet'

Battling it out at the weekend in the final of Miss Vietnam World – billed as the best yet by organisers – will be 42 belles, who are currently camped at Vinpearl Land in the central coastal city of Nha Trang.
Business

Securities firms steady investor nerves

Stocks halted their declines on both national stock exchanges on August 11 as investors responded positively to news that securities companies would reduce their sales of shares pledged as collateral.
Business

Vietnam's nonlife insurance market gathers steam

The Japanese economic daily, Nikkei on August 11 carried an analysis saying that Vietnam's nonlife insurance market is attracting more and more corporate and individual customers, and the intensifying competition may spur a realignment among insurers.
Business

Banned goods list to expand

The Ministry of Industry and Trade is drafting a proposal to ban the sale of sky lanterns, antiques that have significant heritage value and several other goods and services.

The proposal would increase the list of banned goods and services from 92 to 101. New additions to the list include services which have already been banned recently, such as gold trading floors at banks.

Business

Stock tracks Wall Street plunge

Wall Street's overnight decline cast a catastrophic shadow on the Vietnamese stock market on August 12, with benchmark indices on both national stock exchanges declining sharply and over 90 percent of shares shedding value.
Business

Timber-product exporters sign 3bln USD deals

Wood product exporters had signed export contracts totalling 3 billion USD until the year end, 400 million USD higher than last year, said general director of the Vietnam Timber and Forest Product Association Nguyen Ton Quyen.
Business

Vietcombank posts 146mln USD in profit

Partly-equitised Vietcombank posted a creditable pre-tax profit of 2.8 trillion VND (145.83 million USD) to June 30, up 7.3 percent against the same six months of last year.
Business

Patience with market wears thin

Despite strong rallies on Asian stock markets on July 28, the benchmark on the VN-Index dropped 1.34 percent to clDespite strong rallies on Asian stock markets on July 28, the benchmark on the VN-Index dropped 1.34 percent to close on July 28’s session at 491 points, a two-month low. ose on July 28’s session at 491 points, a two-month low.
Business

Tourism sector sees big increases this year

Vietnam welcomed around 410,000 foreign tourists in July, bringing the total number of foreign visitors to the nation in the first seven months of the country to more than 2.9 million, a year-on-year rise of almost 35 percent.
Business

Craft exporters enjoy sales boost

Vietnam's craft gift suppliers are gearing up for robust sales growth for the remainder of the year, after weathering a challenging export climate last year, according to Kearny Alliance, a US-based non-profit organisation that helps businesses in developing countries.
Business

Hike in fuel price reflects global rises

Domestic petrol and oil retail prices rose on August 9 by 410 VND and 400 VND per litre, respectively, announced the Vietnam National Petroleum Corporation (Petrolimex), the largest fuel retailer in the country.
Business

Vietnamese goods win local consumers’ favour

Vietnamese goods have regained local consumers’ confidence thanks to their good materials, diversified designs and competitive prices.

According to a survey conducted by the TV Plus Company, 58 percent of Vietnamese consumers have been interested in locally-made products since a campaign entitled “Vietnamese people use Vietnamese goods” was launched by the Ministry of Industry and Trade (MoIT) more than one year ago, compared to 23 percent previously.
Society

Tourism sector sees big increases this year

Vietnam welcomed around 410,000 foreign tourists in July, bringing the total number of foreign visitors to the nation in the first seven months of the country to more than 2.9 million, a year-on-year rise of almost 35 percent.