Business

Central Retail of Thailand are poised to invest VND20,000 billion in the Vietnamese retail market over the next five years, according to Olivier Langlet, general director of Central Retail Vietnam.

Vietnam has set a target that the export value of agricultural, forestry and fishery products to the EU market will reach 5-5.5 billion USD by 2025.

Vietnam’s petrol retail prices sharply fell on July 11 after the country cut the environmental protection tax on petrol and oil.

The growth target of 6.5 percent set for 2022 is likely to pose a big challenge to Vietnam given difficulties in production and business at home and global uncertainties, head of the General Statistics Office Nguyen Thi Huong has said.

“Hanoi Sales Promotion” 2022 opened on July 8 in Times City, Hoang Mai ward, Hanoi, aiming to stimulate consumer demand and tourism, ease difficulties, promote production and business, improve enterprise competitiveness, and develop business modes.

Large banks are starting to join the deposit interest rate hike race along with small- and medium-sized banks due to rising capital demand pressure after a long time staying out of the game.

The nation’s export value to the EU grew further in the first six months of this year, resulting in a trade surplus of US$15.5 billion, a rise of nearly 39%, thanks to the bilateral free trade agreement in place

Consecutive petroleum price hikes so far this year have further burdened travel firms in Vietnam which are trying to gradually recover after the Covid-19 pandemic.

Grab users will have to pay an additional VND 3,000-5,000 surcharge if they order the services with bikes during hot weather.

The index of industrial production in the first half of this year surged 8.48% over the same period last year, according to the General Statistics Office.

The Ho Chi Minh Stock Exchange (HOSE) has announced the top 10 largest securities companies this year.

Blockchain Global Day 2022, the first large-scale event of its kind held in Vietnam, is set to take place in Ho Chi Minh city on July 29 to seek ways to develop the local blockchain industry, according to organisers.

The Vietnamese National Assembly on July 6 approved cutting the environmental protection tax for petrol, diesel and grease, which will be applied from July 11 to December 31.

China-based electronics company Xiaomi has made investments into manufacturing smartphone components in Vietnam as part of its plan to compete against market leader Samsung of the Republic of Korea (RoK), according to Japan’s news service Nikkei Asia.

The Civil Aviation Authority of Vietnam has just proposed raising air service prices on domestic routes against a background of rising fuel prices.

Global tech giant Google is in the process of considering moving orders for future phones to Vietnam in an effort to avoid risks posed by ongoing trade tensions between the United States and China, as well as China's COVID-19

Four commercial banks signed agreements to provide loans worth a total of 4.66 trillion VND (200 million USD) to 20 companies operating in Ho Chi Minh City-based industrial parks and export processing zones.

The Civil Aviation Administration of Vietnam has called on airlines to well handle increased demand during the peak of summer, ensuring that there are not illegal increases in ticket prices or limits on people picking up or dropping off

Vietnam has reported record growth in shrimp exports in the first half of 2022 with revenues reaching nearly USD 2.30 billion, 33 times higher compared to the same period last year.