Business

Vietnam will need to cut taxes and fees, in addition to using the petroleum price stabilisation fund if petrol prices keep rising, said a leader from the Ministry of Industry and Trade (MoIT).

DHL Express, the best Express Logistics Service Provider in the world, on February 22 launched a new cargo service between ho Chi Minh City (Vietnam) and the United States to keep up with the growing trade between the two countries.

The Australian Government has committed A$4.9 million for Ascend Vietnam Ventures which, together with additional existing funding, will mobilise up to A$70 million in private sector investment to support the burgeoning tech startup market in Vietnam.

Retail petrol prices have increased from 3 pm on Monday, marking the third consecutive rise since December 25 last year.

Running with the theme of "Restoring the economy and developing supply chain in the new normal", the Vietnam Business Forum presents an opportunity for the business community to propose solutions to carry out the Government’s Resolution on the Socio-Economic

Vietnamese carrier Bamboo Airways operated first flight connecting Ho Chi Minh City and Melbourne in Australia on February 19-20.

Exports of computers, electronic products and components hit USD50.82 billion last year, putting it in second position in the group of key export products.

Banks have been increasing the attraction of deposits to have enough capital for the credit needs of customers. Credit demand is expected to increase from the first quarter of this year.

The Australian government is preparing for the pilot export of the country’s peaches and nectarines to Vietnam in the coming months, Minister for Agriculture David Littleproud has said.

Minister of Industry and Trade Nguyễn Hồng Diên held a meeting with visiting Executive Vice President of the European Commission (EC) Frans Timmermans in Hanoi on Friday, during which the two sides sought future cooperation, especially in energy transformation.

The Vietnamese economy will recover strongly in 2022, starting at the end of the first quarter, said Tim Leelahaphan, Economist for Thailand and Vietnam at Standard Chartered, at a seminar held in Hanoi on February 18.

Vietnam’s merchandise trade balance remains in surplus, despite an export slowdown, while FDI commitment and disbursement enjoyed a solid start to the year, according to the “Vietnam Macro Monitoring” monthly report released by the World Bank.

Many firms in the southern province of Binh Duong are facing difficulties recruiting workers after the Lunar New Year holiday.

Vietnam Airlines said it will resume Ho Chi Minh City - Kuala Lumpur (Malaysia) air route from February 17.

Minister of Agriculture and Rural Development Le Minh Hoan on Tuesday attended the first-ever carrot harvest festival held in the northern province of Hai Duong.

A meeting was held on February 15 to discuss the plan to reopen tourism activities in the context of safe, flexible adaptation to and effective control of the COVID-19 pandemic under the chair of Deputy Prime Minister Vu Duc Dam.

The nation’s imports and exports achieved an impressive figure of more than US$60 billion during the first month of the lunar New Year, in which the country recorded a trade surplus of nearly US$1.4 billion.

The escalating oil and gas prices would reduce and even neutralise the effect of the 2-percent VAT cut, thus resulting in failure to achieve the growth target, losses to the budget and rising inflation, according to an expert.

Vietnam is expected to accelerate its economic recovery from the pandemic this year after having recorded a 2.6 percent increase in gross domestic products (GDP) in 2021, Singapore’s Business Times reported.