Business

The initial seven months of the year saw two-way trade turnover between the nation and Laos reach nearly US$949 million, a rise of 24.2% over the same period from last year, according to data compiled by the Vietnam Trade

Vietnam set to take shape seven maritime economic clusters by 2030, aiming to turn Vietnam into a strong marine country, and promote sustainable development in relevant regions, sectors and fields.

As many as 29,000 lobsters in the southern central province of Phu Yen have died due to the impact of Storm Mulan.

Post-pandemic robust rebound in the American market has ushered in multiple opportunities for Vietnam to expand its export of key products, according to the Ministry of Industry and Trade.

Fuel prices were reduced in the latest review on August 11 by the Ministry of Industry and Trade and the Ministry of Finance, the fifth consecutive time and the fourth significant drop.

The National Centre for Socio-Economic Information and Forecast has launched a workshop assessing the Top 500 Vietnamese largest private enterprises.

Swift247, a subsidiary of low-cost airline Vietjet Air, has launched an international super-fast delivery service which will operate between the Republic of Korea (RoK) and Vietnam based on digital technology platforms.

Singapore on Thursday narrowed its economic growth forecast this year after the economy contracted in the second quarter compared to the previous three months due to rising inflation and tighter monetary policies, the government said.

Pig prices in Vietnam have considerably fallen in recent days following tighter control over illegal pig export through border gates.

The US Department of Commerce has announced the extension of deadline for the final determination on the anti-dumping and anti-subsidy tax evasion investigation into hardwood plywood imported from Vietnam, according to the Ministry of Industry and Trade.

Vietnam will need a skilled workforce to transform itself into an upper-middle-income economy by 2035, the World Bank has suggested in its recently-released report named “Taking Stock: Educate to Grow”.

Traders who sell birds for the life release ceremony on the coming Ghost Festival on the 15th day of the seventh lunar month are earning big due to high demand.

The number of newly-opened securities accounts dropped sharply in July to the lowest in about two years as stock market liquidity hit a monthly low.

The Civil Aviation Authority of Vietnam has just asked Pacific Airlines to report on their current capital condition, and whether they meet the requirements to continue operations.

Vietnam’s GDP growth is forecast to expand 7.5% in 2022 and 6.7% in 2023, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery.

The Vietnamese manufacturing sector remained in growth territory at the start of the third quarter of the year, but there were some signs of demand softening, according to a survey released on August 8 by S&P Global.

Vietnam, together with Brazil, Indonesia and India that are emerging markets, have made practical contributions to Apple’s group’s outstanding performance in the second quarter of this year, said CEO Tim Cook.

Seven maritime economic clusters will be formed by 2030, serving to turn Vietnam into a strong marine country.

Although fuel prices have dropped by around 20 per cent since June, many transport firms are still sitting tight, unwilling to cut fares amid falling costs.