Business

Petrolimex, Vietnam's largest fuel retailer, reported a net loss of more than VND 660 billion (approximately USD 25.6 million) in the first quarter, despite a sharp rise in revenue.

Deputy Prime Minister Nguyen Van Thang has urged banks to cut lending rates to the lowest possible level to support businesses and economic growth.

Vietnam has maintained stable fuel and power supplies despite rising volatility in global energy markets driven by tensions in the Middle East, Minister of Industry and Trade Le Manh Hung said.

Vietnam’s Ministry of Health Vietnam has ordered an urgent review and recall of a2 Platinum Premium USA infant formula following concerns over potential contamination.

Ho Chi Minh City plans to begin construction on four metro projects in 2026 as it accelerates expansion of its urban transit network, according to the municipal Department of Construction.

Crystal Bay Airlines, a new entrant in Vietnam’s aviation sector, has announced recruitment for cabin crew positions as part of its expansion strategy.

Hanoi authorities have urged fuel distributors and retailers to speed up preparations for the rollout of E10 biofuel petrol ahead of a nationwide implementation deadline of June 1, 2026.

Several projects by Vietnam Airlines at Long Thanh Airport have yet to break ground, raising concerns they may not be operational in sync with the airport by the end of the year as planned.

Vietnam’s railway sector carried nearly 400,000 passengers during the Reunification Day (April 30)-May Day holiday period, with Hanoi Railway Station handling the highest passenger volume nationwide.

The arrival of Meiyijia, China’s largest convenience store chain, highlights the growing appeal of Vietnam’s retail market.

Vietnam’s aviation market saw 1.68 million passengers during the Hung Kings Commemoration and Reunification Day-May Day holiday period, up 2.2 per cent from a year earlier.

(Dan Tri) - Vietnam posted a trade deficit of USD 7.11 billion over the past four months, driven by imports of production inputs and consumer goods.

Residents in Gia Lai Province head into forests during the dry season to hunt weaver ants for the region’s signature dipping salt, earning up to VND 500,000 (USD 19) a day.

Vietnam’s lychee harvest is expected to fall sharply this year after adverse weather disrupted flowering and fruit set, driving prices to record highs.

Both sides committed to co-operation in green transition, digital transformation, AI, semiconductors and space, prioritising high-quality human resource training and joint research.

Dong Nai City is poised to become a major logistics hub in southern Vietnam, supported by expanding infrastructure, a strategic location and one of the country’s largest industrial park networks.