Business

Vietnam has set a target of increasing its green economy's contribution to GDP from 6.7 billion USD in 2020 to 300 billion USD by 2050, Minister of Planning and Investment Nguyen Chi Dung has said.

The government has agreed in principle to reduce the value added tax (VAT) by 2% to 8%.

Vietnam’s GDP is projected to grow 5.8% this year, sharing the second position with Cambodia in the region, only after the Philippines, according to the International Monetary Fund.

The Australian Trade and Investment Commission (Austrade), in partnership with the Vietnamese Ministry of Planning and Investment held the Australia – Vietnam Investment Forum in Hanoi on Monday.

National flag carrier Vietnam Airlines has announced plans to open a second direct route between Vietnam and India on May 20 in a bid to meet people’s increasing travel demand.

The steel market is likely to recover in the third and fourth quarters of this year thanks to augmented efforts to disburse public investment and credit packages for social housing projects, according to the Vietnam Steel Association.

The Civil Aviation Authority of Vietnam issued a report showing that the punctuality of Vietnamese airline flights between January 6 and February 5 which coincided with the Lunar New Year dropped against the same period last year.

Insufficient transport connectivity is hindering the development of the Southeastern region – a key economic region, an important exchange hub in the south of Vietnam, according to a Politburo resolution.

Authorities in the central highlands province of Kon Tum have decided to stop construction of the Dak Psi 2 Hydropower Plant project which has faced slow progress for a long time.

Vietnam hospitality requires innovative products that can cater to the demands of young domestic and international travellers, experts have said.

Binh Dinh authorities reassured local people that they would carefully study the Long Son Iron and Steel Complex project plan to make sure it would not have a negative impact on the environment.

The Vietnamese economy should be put under the microscope after its growth suddenly slowed in the first quarter of 2023, suggested the World Bank (WB) in its Vietnam Macro Monitoring edition for April.

Vietnam Railways Corporation has targeted a profitable year following three consecutive years of losses.

Vietjet officially welcomes passengers on direct flights connecting Vietnam with Australia's largest cities – Melbourne, Sydney and Brisbane.

Asian markets mostly fell Thursday after minutes from the Federal Reserve's most recent policy meeting showed officials foresaw a US recession at the end of the year, while inflation data could not temper expectations of another interest rate hike.

The stock market is in a favourable situation with many supporting factors such as the State Bank lowering interest rates, positive short-term sentiment and the return of cashflow.

The US Agency for International Development and the General Department of Vietnam Customs on Wednesday celebrated their joint success creating a more attractive trade and investment environment in Vietnam.

The northern province of Quang Ninh topped the 2022 Provincial Governance and Public Administration Performance Index, the United Nations Development Programme announced on April 12.

The fourth VietShrimp Aquaculture International Fair is scheduled to get underway in the Mekong Delta city of Can Tho from April 12 to 14.