Business

The Civil Aviation Authority of Vietnam has piloted the use of level 2 electronic identification authentication for passengers on domestic flights at 21 airports nationwide from June 1 to August 1.

Cash-strapped Sri Lanka on Thursday sharply cut interest rates for the first time since it last year crashed into its worst economic crisis, with the central bank saying the country was showing signs of recovery.

The retail prices of petrol slightly rose from 3 pm on June 1 following an adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong provided explanations regarding the high lending rates and credit room management during a plenary session of the 15th National Assembly’s ongoing fifth meeting in Hanoi on June 1.

HCM City will increase funding to support start-ups of young entrepreneurs by VNĐ300 billion (US$12.7 million) over the next five years.

Many luxury brands have begun implementing a market diversification strategy in Southeast Asia, especially Singapore, Thailand and Vietnam, according to Savills Vietnam.

HCM City’s economic growth is expected to climb to 5.87 per cent in the second quarter of 2023, its leader has said.

Vietnam’s services sector remains a bright spot, partially offsetting some external weakness, according to a report released by HSBC Vietnam on May 31.

National flag carrier Vietnam Airlines has been listed among the top 25 best airlines in the world for 2023, as compiled by Australia-based aviation safety and product rating agency AirlineRatings.com.

Vietnam’s import-export value in the first five months of this year was estimated at US$262.54 billion, down 14.7 per cent year-on-year, with a trade surplus of $9.8 billion, the General Statistics Office has announced.

Vietnam Airlines has announced that it will increase the frequency of flights between Hanoi and Singapore from one to two flights a day on all weekdays from June 15 to meet the travel demand between the two countries.

Asian investors traded nervously Tuesday as they kept an eye on Washington, where lawmakers are expected to vote this week on a deal to hike the US debt ceiling and avoid a painful default.

Vietnamese airlines have announced plans to open more international air routes this summer.

Around 88,000 businesses in Vietnam stopped operations in the first five months of this year, up 22.6 percent on-year.

Markets mostly rose Monday on news that President Joe Biden and House Speaker Kevin McCarthy have reached a deal to lift the US debt ceiling and avoid a calamitous default.

Several measures have been suggested at an online seminar held by the Government Portal on May 28 to help the corporate bond market maintain its stability and operate in line with law to aid economic growth.

There remains an ample room for Vietnamese exports to Africa, as the country accounts for only 0.6% of the continent's total import of 600 billion USD per year, according to the Ministry of Industry and Trade, given opportunities brought

Electricity imports from Laos and China accounted for just a modest part of the total electricity demand of Vietnam, Deputy Minister of Industry and Trade Dang Hoang An.

A series of events and activities will be held under the 2023 Cashless Day to promote the adoption of non-cash payment and contribute to achieving the Government’s plans to drive Vietnam towards a cashless society.