Business

Vietnam will soon disburse at least 50 percent of the 350 trillion VND economic recovery package aiming to reboot the country’s economy after a long period of social and mobility restrictions due to the COVID-19 pandemic.

Many firms have proposed a postponement to the charging of infrastructure fees at ports in Ho Chi Minh City.

The decision by Western allies to remove Russia from the Society for Worldwide Interbank Financial Telecommunication system will not only affect Russian payments, but also many other countries globally, including Vietnam, according to experts.

Prime Minister Nguyen Minh Chinh has suggested that Adidas Group offer favourable conditions for Vietnamese enterprises to become more deeply involved in the global supply chain of Adidas.

Retail petrol prices rose from 3 pm on Tuesday, marking the sixth consecutive rise since December 25 last year.

Vietnam’s economy is forecast to grow beyond expectation in 2022 as domestic demand rebounds and foreign direct investment inflows remains stable.

The local beekeeping sector is at risks of being negatively impacted in the event that the United States imposes an anti-dumping tariff of up to 400%, according to industry insiders.

There is large room for Vietnam to promote coffee exports to Algeria, said the Vietnam Trade Office in the African country.

Vietnam saw a decline in both the number of newly-established enterprises and registered capital in February compared to the same period last year, the General Statistics Office (GSO) reported.

Prices of many kinds of food have soared at local markets after continual increases in fuel prices.

Vietnam’s consumer price index in February grew by 1 percent against January and 1.42 percent on-year, according to the General Statistics Office.

Vietnam attracted approximately US$5 billion in foreign direct investment (FDI) during the opening two months of the year, equivalent to roughly 91.5% against the same period last year, according to statistics released by the Ministry of Planning and Investment.

The target of 3.8 billion USD in export revenue of cashew nuts for this year set by the Ministry of Agriculture and Rural Development (MARD) is quite feasible given the forecast on high demand for the product in the

Real estate courses are attracting a large number of people following soaring land prices in the central highlands province of Dak Nong.

Many export firms have had to cancel some orders due to increased logistical costs following the sharp rise in petrol prices.

Vietnam’s e-commerce has been growing in a robust pace in the wake of COVID-19, fuelling a boom in transport and express delivery services.

A trade promotion programme between representatives of 58 enterprises from Incheon, Jeonju, Daegu, Gyeongbuk of the Republic of Korea (RoK) and Vietnamese potential firms will be held virtually on March 21-25 by the Korea Trade-Investment Promotion Agency (KOTRA) in Hanoi.

Prime Minister Phạm Minh Chính has issued a dispatch requesting the joint efforts of ministries, sectors and localities to ensure a balance between supply and demand of petroleum products.

Vietnam is expected to register the highest trade and income gains among Regional Comprehensive Economic members, according to a World Bank’s working paper.