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Bamboo Airways said it recently launched direct flights from Can Tho to Phu Quoc island, and Con Dao island in Ba Ria-Vung Tau province. The non-stop service will be operated during the week, using Embraer 195 aircraft. On the occasion, the airline offers special fares on the route, with one-way ticket priced from 49,000 VND on Can Tho-Phu Quoc, and 809,000 VND on Can Tho-Con Dao. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20

One of the largest MLM enterprises in Vietnam, Stella Ivy Cosmetic will continue operations under a new name Stella Ivy Cosmetic Co., Ltd., a distributor of Oriflame-branded products, which used to be one of the four multi-level marketing (MLM) companies with the largest revenue in Vietnam, officially stopped operation after its license expired. Subsequently, it established a new legal entity named Oriflame Vietnam Co., Ltd., operating under the same direct sale model. … [Read more...] about MLM enterprises dodge licencing by setting up new entities

After the State Bank of Vietnam cut policy interest rates in October 2020 in an effort to ease the cost of credit, credit growth picked up from 9.6% in October to 10.5% in November and 10.1% in December. Since this rate was higher than the nominal gross domestic product growth, the credit/GDP ratio had increased from some 136% in 2019 to over 143% in 2020. … [Read more...] about Vietnam one of fastest growing economies amid pandemic: WB

Peng Nian, assistant fellow at a national institute in China’s Hainan province, also believed proactive behaviour will follow. “Biden hopes to regain support from US allies and rebuild global leadership by reviving the bilateral and multilateral alliance network in Southeast Asia. He can be expected to engage again with Southeast Asian states – Vietnam and the Philippines in particular – to compete with China and contain its rise.” … [Read more...] about Biden keen to promote a strong America united

Hanoi (VNA) - Vietnam’s largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), has estimated that its third-quarter profits stood at more than 171 billion VND (7.37 million USD). It sold more than 925,000 tonnes of products, exceeding the quarterly plan by 24.8 percent, posted total revenue of over 9 trillion VND, and contributed more than 972 billion VND to the State budget. The numbers reflect the significant efforts BSR has made amid many difficulties caused by COVID-19, which has impacted the firm in terms of both material supply and product consumption. It reported total revenue of more than 31.7 trillion VND in the first half of this year, down 38 percent against last year. A loss of 4.25 trillion VND was incurred in the first half after it enjoyed a post-tax profit of 704 billion VND in the same period of 2019. BSR reported revenue of more than 13.7 trillion VND in the second quarter alone, down by more than half compared to last … [Read more...] about Binh Son Refining and Petrochemical JSC reports Q3 profits