Business

Global trade finance gap expans to $2.5 trillion in 2022

The global trade finance gap grew to a record $2.5 trillion in 2022 from $1.7 trillion two years earlier, as rising interest rates, flagging economic prospects, inflation, and geopolitical volatility reduced the capacity of banks to deliver trade financing,

Vietnam Airlines to restore nearly 90% of international flight frequency

National flag carrier Vietnam Airlines continues to increase flight frequency on routes to Europe, Australia, and China, thereby restoring nearly 90% of its pre-pandemic international flight network.

Asian markets mostly drop as oil spike fuels fresh inflation worry

Most Asian markets fell Wednesday as a jump in oil prices to 10-month highs rekindled worries of another US Federal Reserve interest rate hike.

PM urges efforts to ensure power, petroleum supply

Prime Minister Phạm Minh Chính has signed an official telegram to relevant ministries and agencies asking for efforts to ensure adequate power and petroleum supply.

Petroleum prices continue increasing

Petroleum prices have been raised from 3 pm today, September 5 following a decision by the Ministry of Industry and Trade and Ministry of Finance.

Low credit growth, reducing profit put pressure on bank prospects in 2023

The outlook for the banking industry this year will not be as bright as previous years due to low credit growth and reducing profit, experts forecast.

Vietjet Air announces Hanoi – Jakarta direct service

Vietnamese budget airline Vietjet Air on September 4 announced its direct air route connecting Hanoi of Vietnam and Jakarta of Indonesia.

Military-run telecom group to attend Defense Industry Exhibition MSPO

The Military Industry and Telecoms Group Viettel has announced that it will attend the 31st International Defense Industry Exhibition (MSPO) in Kielce, Poland, from September 5 to 8.

PM orders speeding up national important transport projects

Prime Minister Pham Minh Chinh has asked ministries and localities to speed up the progress of national important transport projects.

Vietnam Airlines to launch HCM City – Perth air route later this year

National flag carrier Vietnam Airlines recently announced a direct flight connecting Ho Chi Minh City (Vietnam) and Perth (Australia), due to start on December 7, 2023.

Asian markets rise as US jobs data ease rate pressure on Fed

Asian stocks rose Monday on hopes the Federal Reserve has come to the end of its interest rate hiking cycle following a positive US jobs report.

HCM City works to elevate tourism profile

The southern economic hub of Ho Chi Minh City led the country in tourism revenue in the first half of 2023. The result showed the city's countless efforts in promoting the tourism sector and tourism development.

Export remains major driving force of apparel industry

The development strategy of the textile and garment industry until 2030 with a vision to 2035 has clearly identified that exports will continue to be a major and crucial driving force for the sector's growth.

Vietnam builds international brand for ginseng

Vietnam is striving to turn its ginseng into an international brand product with an aim to becoming a major ginseng producer of the world by 2045.

Vietnam achieves $20.19b trade surplus in eight months

Vietnam enjoyed a trade surplus of US$20.19 billion in the first eight months of this year, according to the General Statistics Office (GSO).

Philippines sets ceiling on rice prices

The Philippines has imposed ceilings on rice prices across the country amid an “alarming” increase in retail costs of the staple grain and reports of hoarding by traders.

Thailand likely to export 8 million tonnes of rice this year

Thailand is likely to complete its target of exporting 8 million tonnes of rice set for this year, maintaining its reputation as a major rice exporter.

Record number of new firms seen in eight months

A record number of 103,658 new firms were established in the first eight months of this year, a rise of 2.3% year on year and 1.2 times higher than the average number for the same period during 2018-2022, reported

Vietnam joins 12th World Chili Pepper Trade Fair in Italy

Vietnam is among exhibitors at the 12th edition of the World Chili Pepper Trade Fair in the city of Rieti, Italy, from August 30 to September 3, showcasing not only its best chili products but also other spices like

Sapa hotels fully booked for national holiday

Rooms in many hotels and homestays in Sapa Town in the northern mountainous province of Lao Cai have been fully booked for the September 2 National Day Holiday.

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