Business

The Board of Governors of the Asian Development Bank (ADB) approved the bank's financial statements for 2023 and an allocation of US$1.42 billion in net income from its ordinary capital resources.

Airlines and railway companies in Vietnam have reported big profits in the first quarter of this year following consecutive losses due to the impact of the Covid-19 pandemic.

Vietnam has been applying itself to making institutional, infrastructure, and manpower improvements in efforts to attract more foreign investment, especially in such big industries as electronics and semiconductor, said Deputy Minister of Planning and Investment Do Thanh Trung.

Retail sales and services revenue in the first four months of this year totaled VNĐ2.06 quadrillion (US$81.06 billion), up 8.5 per cent year-on-year, the General Statistics Office said.

Prime Minister Phạm Minh Chính has asked the Ministry of Public Security to coordinate with the State Bank of Vietnam to develop measures to prevent and handle cross ownership and manipulation at credit institutions.

The electricity supply will rise by 4.4 billion kWh to 310.6 billion kWh, by increasing both domestic production and imports in an effort to ensure sufficient power for the economy, according to a new electricity supply plan for 2024.

The first charter flight linking Van Don International Airport in the northern province of Quang Ninh and Jeju Island in South Korea will take place in August.

The Government has proposed extending the cut in value-added tax from 10% to 8% on specific groups of goods and services from July 1 until the end of the year to support business and production activities.

Vietnam’s Manufacturing Purchasing Managers’ Index rose back above the 50.0 no change mark in April, posting 50.3 from 49.9 in March.

The elevation of the stock market to "emerging" status can help Vietnam attract an additional 10 billion USD in both direct and indirect investment, KB Vietnam Securities JSC reported, citing the World Bank.

Vietnam’s tourism sector served over 6.2 million foreign visitors and 40.5 million domestic tourists in the first four months of this year, earning 271.4 trillion VND (nearly 10.7 billion USD) in revenue, according to the Vietnam National Authority of Tourism.

As a major industrial hub, contributing about 10% of the country's total export value, the southern province of Binh Duong targets becoming a logistics locomotive of the southern region of Vietnam.

Vietnam's import-export revenue reached 238.88 billion USD in the first four months of this year, with trade surplus reaching 8.4 billion USD, according to the General Statistics Office.

Foreign investment disbursement in the first four months of this year reached an estimated US$6.28 billion, marking a record high over the past five years.

Since the national reunification on April 30, 1975, Vietnam has obtained admirable economic achievements and is now on its way to become the 20th largest economy in the world.

Vietnam’s consumer price index (CPI) in April edged up 0.07% month on month and 4.4% year on year which was fuelled by a petroleum price hike and other factors, according to a report released on April 29 by the

Amidst unpredictable changes occurring globally, Vietnamese businesses are seeking to overcome challenges and seize upon opportunities from digital transformation and green transition to move towards sustainable development.

Duong Lam ancient village in the town of Son Tay on the outskirts of Hanoi, once renowned for its architectural charm and culinary traditions, has become a magnet for foreign visitors as it offers an authentic farm experience.

TikTok Shop was the only platform to record an increase in transaction volume, expanding its market share by 6.3% since the end of 2023, according to a report by YouNet ECI, an HCM City-based e-commerce intelligence company.