Topic
38 stories in this topic
In celebration of its 23rd anniversary, the Sheraton Saigon Grand Opera Hotel, located in the heart of Ho Chi Minh City, has recently unveiled Level 23. This innovative space showcases a convergence of meeting venues, event spaces, and a rooftop entertainment…
In a strategic move to expand its footprint across Southeast Asia, Jins, a renowned Japanese eyewear retail brand, has inaugurated its introductory store in Vietnam. The expansive 200-square-meter flagship store is centrally located at Saigon Centre in Ho Chi…
Sabeco has reported a slight profit increase to VND2.3 trillion ($90.85 million) within the first half of 2024. According to its latest financial report, the beverage company reported a 6% increase in profit from the first half of 2023, earning an average of…
Thien Phuc International Hotel Company, which owns the four-star Novotel Saigon Centre Hotel in HCMC, has reported its biggest ever half-yearly loss of VND369.6 billion (US$15.4 million). The loss for the year’s first half was 50% higher year-on-year,…
Saigon Beer brewer Sabeco saw revenue jump 33% from 2021 to VND35.24 trillion ($1.5 billion) last year as consumption bounced back after two years of Covid-19. The brewer’s post-tax profit surged nearly 40% to VND5.5 trillion, the highest level since it was…
The Saigon Zoo-Botanical Garden Company Ltd has reported a VND6.8 billion ($304,300) loss for 2020 as Covid-19 kept people away from its zoo. Its revenues fell by 38.6 percent to VND70 billion, the lowest in six years. The 157-year-old zoo in District 1…
Police in Ba Ria-Vung Tau Province are investigating a copyright infringement involving Saigon Beer by a former employee of its brewer, Sabeco. They found over 9,000 boxes of the Saigon Vietnam Beer with the brand name and packaging similar to that of the…
The Saigon Zoo-Botanical Garden Company Ltd reported a loss of VND18.8 billion ($809,600) for the first half as Covid-19 kept people away from its zoo. The operator of the country’s largest zoo in Ho Chi Minh City saw revenues drop by half year-on-year to…
An elevated section of Ho Chi Minh City’s Ben Thanh-Suoi Tien Metro Line 1 will be tested out within the third quarter this year. This elevated section crosses Ho Chi Minh City’s District 9, spanning from central Binh Thai Station to Long Binh Depot, a train…
Flying from Hanoi to Saigon takes five minutes more per month due to overload at Tan Son Nhat International Airport. Duong Tri Thana, Vietnam Airlines CEO, told a forum Wednesday continued delays at Tan Son Nhat could drag down flight quality and hamper…
The HCMC Transport Department will launch a public transport service using electric motorbikes at the end of this year. The service is part of a memorandum of understanding (MoU) signed last week between the department and Grab Vietnam, the local unit of…
Saigon retail rents are rising with space in the CBD hitting an average of US$135.50 per square meter in the third quarter, up by 5.8 percent year-on-year. According to a report by real-estate company CBRE, the average monthly rents outside the CBD were only…
Japanese casual wear retailer Uniqlo plans to open a 3,000-square-meter store in downtown HCMC at the end of this year. Its first store in the country, at Parkson Saigon Tourist Plaza in District 1, would be one of its biggest in Southeast Asia, the company…
HCMC will raise registration fees of cars under 9 passenger seasts from VND11 million ($473) to VND20 million ($860) from October 17. According to a resolution recently passed by the city’s People Council, licensing fees for other types of cars will be set…
Local retail group Saigon Co.op has acquired the Auchan Vietnam business. Auchan will transfer its 15 closed store spaces and the three remaining stores still trading in Ho Chi Minh City’s Districts 7 and 1, along with its e-commerce and supply-chain retail…
After a $4.78 million debt restructuring, Vietnam’s largest brewer Sabeco is now owned by a Thai company. In December 2017, Thai Beverage (ThaiBev) acquired a 53.59 percent stake in Sabeco from Vietnam’s Ministry of Industry and Trade for $4.78 billion…
