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Celebrating 20 years of operations in Vietnam, the Ho Chi Minh City branch of Cathay United Bank (CUBHCM) hosted a dynamic ESG seminar titled “ESG: Challenges and Practices for Sustainable Development.” This event reflected the bank’s enduring commitment to…
The ambitious goal of introducing 400,000 electric ride-hailing motorbikes in Ho Chi Minh City (HCMC) is within reach, provided there are financial incentives, tax exemptions, and the establishment of sufficient charging stations. This optimistic outlook…
Vietjet is set to boost its number of flights between Singapore and HCMC starting March 30. There will be three flights a week, up from the current two. There are now 35 flights between the two cities per week. The announcement comes with a 50% off sale on…
Hotels in Ho Chi Minh City are suffering from low occupancy rates due to a sharp drop in international visitor arrivals and domestic tourists’ preference for traveling to beaches. In May, amid a wave of hotel closures and conversions into office buildings,…
Luxury jewelry brand Tiffany & Co. has opened a store in Ho Chi Minh City, two years after opening its first in Vietnam in Hanoi. The store in District 1, which had a soft opening last week, is part of a strategy by the 186-year-old jeweler to increase its…
Japanese seafood producer Yamanaka wants to partner with Vietnam agencies to raise oysters locally for both domestic and international markets. A feasibility research conducted by Yamanaka in the central province of Khanh Hoa since June last year, with the…
With her company planning to cut its payroll from 300 to 20, Ngoc has a constant dread of being fired, and does not even dare take sick leave. “Everyone goes to work with a constant worry, not knowing who will be fired next,” she says. She returns home at 9…
The HCMC Lottery Company Ltd. earned profits of VND736 billion (over $31.46 million) in the first half of the year, an increase of 27% year-on-year. The company recorded H1 revenues of VND5.46 trillion, completing nearly 54% of the year’s target, the company…
Grab has become the first ride-hailing firm in Vietnam to announce a new surcharge on its motorbike services starting Thursday. The surcharges are VND5,000 (20 U.S. cents) for each GrabBike trip and GrabFood order in some localities including HCMC, Hanoi, Hai…
Grade A office rents in HCMC rose by 5.1 percent quarter-on-quarter to US$44.9 per square meter per month last quarter. The average rent was 5.3 percent up from a year earlier, according to real estate consultancy CBRE Vietnam. Grade B rents averaged $25.9,…
M Village, an accommodation startup in co-living spaces, has received funding of US$1.7 million led by Singaporean venture fund Simple Tech Investment. The money will be used for expanding the number of rooms the startup has in Ho Chi Minh City from the…
Supermarkets in HCMC are offering double-digit discounts as food and gasoline prices surge. Central Retail is offering discounts of up to 50 percent on 390 products before 10 a.m. from Monday to Thursday every week. The list of products includes pork,…
Facing labor shortages, businesses and factories in HCMC need around 310,000 workers this year should Covid be controlled. According to a recent survey by the HCMC Center of Forecasting Manpower Needs and Labor Market Information (Falmi), the city’s labor…
Despite the Covid-19 pandemic, more and more low-price cafés are franchising and doing well. At 9.00 every day a Napoli café franchisee on Dong Nai Road, District 10, HCMC is crowded. Its owner, Hoang, says: “We directly serve hundreds of customers a day. The…
Kido Group-owned gelato and tea chain, Chuk Chuk, has joined hands with Central Retail to roll out between 300 and 400 stores in Go! malls and Tops Market supermarkets in Vietnam, as well as eyeing international expansion. Chuk Chuk said it will open 10…
A government decree has cut registration fees for locally made cars by 50 percent for six months starting December 1. This is the second time in the last two years such a cut is being made to mitigate the difficulties faced by the auto industry due to the…
