Business

Vietnamese seafood exports to the UK market are forecast to maintain their double-digit growth over the coming months due to rising demand, according to details given by the Vietnam Association of Seafood Exporters and Producers (VASEP).

Petroleum prices in Vietnam fell slightly from 3 pm on Monday, marking the first decrease after seven consecutive increases since December 25, 2021.

The Civil Aviation Authority of Vietnam has proposed to the Ministry of Transport and Ba Ria-Vung Tau Provincial People's Committee to close the Con Dao Airport between April and December next year for upgrade work.

Troubled Chinese property developer giant Evergrande and all its units suspended trading in Hong Kong Monday morning, according to a notice to the stock exchange.

The demand for imported meat and meat products is unlikely to skyrocket in 2022, according to the Agency of Foreign Trade under the Ministry of Industry and Trade.

Competent authorities of Vietnam have sent a diplomatic note to relevant ministries and agencies of Italy, requesting a quick investigation into a suspected scam involving 100 containers of Vietnamese cashew nuts exported to Italy.

Two real estate projects with around 100 villas are being illegally carried out in a forest in the Central Highlands province of Lam Dong.

Airlines are beginning to show clear signs of recovery, according to the securities firm Viet Capital Securities (VCSC).

Vietnam will build another oil refinery, the third of its kind, to ensure a sufficient supply of petroleum products for local consumption, said Deputy Prime Minister Le Van Thanh.

The southern central province of Binh Dinh licensed 11 new investment projects in the first two months of this year worth a total capital of VND1.15 trillion (USD49.56 million).

VinaCapital, one of Vietnam’s most experienced asset management companies, has forecast that the country’s GDP growth rate this year is likely to expand by 6.5%, or 1% lower than its previous forecast.

The industrial real estate market is expected to boom thanks to good signs in foreign direct investment (FDI) and the resumption of international flights, predicted experts from Savills Vietnam.

Hanoi Railway Transportation JS Company has offered attractive discounts for passenger groups on different routes.

Many seafood shipments exported to China have been returned due to carrying the SARS-CoV-2 virus.

There is still ample room for domestic credit card (DCC) growth since the number of DCC holders is relatively low in Vietnam, according to experts.

Vietnamese enterprises should prepare to deal with ramifications of the ongoing Russia-Ukraine conflict like rising oil prices and long-term impacts of sanctions on Russia, experts say.

The Canadian Border Services Agency (CBSA) has launched an anti-dumping probe and review into oil country tubular goods (OCTG) imported from India, Taiwan (China), Indonesia, the Republic of Korea, Thailand, Turkey, and Vietnam.

PM Pham Minh Chinh has demanded favourable mechanisms be issued to facilitate public - private partnership in infrastructure building, so as to boost the development of the Van Phong Economic Zone.

The World Bank (WB) on March 11 released its brief updating Vietnam’s economic development in March, stating that the economy continues to show resilience and is recovering although downside risks have heightened.