Business

Experts have forecast a positive outlook for travel stocks after two years of being battered by the COVID-19 pandemic. However, Vietnamese tourism businesses still have to face many difficulties and challenges.

Transport firms are grappling with the shortage of container truck drivers due to strict driving licence requirements, affecting their operations.

Vietnam's power giant EVN has explained the reasons behind its purchase of electricity from neighbouring countries rather than from renewable energy facilities at home.

Prime Minister Pham Minh Chinh has called on the nation to save electricity in the next three years amid challenges in power supply that have resulted in massive power cuts.

The Vietnamese government has officially approved airport planning for the 2021-2030 period with a vision to 2050.

Many companies in Vietnam have been affected by ongoing rotational power cuts.

The southern province of Dong Nai has planned to export the first 400 tonnes of durian to China.

The Customs Department of Dong Dang International Railway Station has piloted the transportation of litchi to China by rail to cope with the huge backlog of goods along the border during the harvest season.

Vietravel Airlines have opened its two first flights linking Hanoi and the cities of Da Lat in the Central Highlands province of Lam Dong and the southern central province of Khanh Hoa’s Cam Ranh City.

The profits of listed companies are expected to recover in the second half of the year after performing poorly in the first quarter, buoyed by the recent supportive policies from the Government, said analysts at securities firms.

Authorities in the northern port city of Haiphong have asked real estate developers to speed up the construction of urban area and industrial park projects by June next year.

The Ministry of Industry and Trade's E-commerce and Digital Economy Agency said it will coordinate with Amazon Global Selling to organise a cross-border e-commerce conference, which is expected to help Vietnamese businesses seek online export opportunities.

Asian markets wobbled Tuesday after a two-day rally as profit-takers stepped in and traders weighed the chances of the Federal Reserve skipping an interest rate hike this month.

Two of Asia's 100 most promising startups, Vietnamese representatives DIFISOFT and Hello3Dworld, are set to participate in Echelon Asia Summit 2023 to be held in Singapore on June 14 - 15.

The domestic garment and textile sector has been hardest hit in the on-going wave of layoffs due to the economic downturn, according to the Ministry of Labour, Invalids and Social Affairs (MoLisa) report.

Forbes Vietnam on June 5 unveiled the top 50 listed companies in 2023, the 11th year it has released this list in the country.

Markets built on a global rally Monday after a mixed US jobs report lifted hopes the Federal Reserve will skip an interest rate hike this month, while oil extended gains after Saudi Arabia slashed output.

The Australian Government has launched The Future of Electricity – Vietnam initiative, which is expected to deepen links between both countries’ energy and climate institutions.

The total inflows of foreign direct investment into Ho Chi Minh City from early this year to May 20 reached over 1.14 billion USD, down 13.5% annually, reported the municipal Department of Planning and Investment.