Business

Four international exhibitions, Paper Vietnam, Rubber and Tyre Vietnam, Coatings Expo Vietnam, and Plastech Vietnam, will be held in HCM City from August 3 to 5.

The nation spent US$5 billion on importing 4.8 million m3 of petroleum during the first half of this year, an increase of 18% in volume and up nearly two fold in value compared to the same period from last year.

Many HCM City four-five star hotels have seen occupancy rates of over 80 percent thanks to the tourism recovery following the Covid-19 pandemic.

The Government plans to develop 301 traditional craft villages linked to tourism by 2030, according to a decision approving Vietnam's traditional craft village preservation and development programme for the 2021-2030 period.

A number of local airlines have put tickets on sale for flights during the upcoming New Year and Lunar New Year from January 12 to January 20, 2023.

Fourteen auto brands have to date confirmed their participation in the Vietnam Motor Show 2022 – the largest of its kind in the Southeast Asian country.

The recent sharp depreciation of the Euro, the single currency used by the EU, amidst growing fears of a recession in the Eurozone, is expected to have a negative impact on Vietnamese import-export activities.

Office space for lease in HCM City in the first half of 2022 continued to make a recovery with a total net absorption area of about 21,000 sq.m, although the new supply remained limited, according to real estate firm CBRE.

The central coastal city of Da Nang hosted a virtual seminar on July 14 as part of efforts to strengthen connectivity between the city’s innovation startup ecosystem and Japanese partners.

The Ministry of Planning and Investment has issued a document collecting opinions on the adjustment of the Dong Dang-Tra Linh expressway project which is invested in the public-private partnership (PPP) form.

Although textile export was riding high in the first half of the year with a growth of 23%, insiders are pessimistic that the rest of 2022 will not match up.

Along with maintaining the nation’s GDP growth forecast at 6.7% for this year and 7% in 2023, Standard Chartered projects that this year's inflation will exceed 4%, a figure higher than the target set by the National Assembly.

Vietnam is eying great opportunities in exporting aquatic products to the Japanese market thanks to the high level of openness of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, according to insiders.

In an article posted on July 12, The Business Times of Singapore cited some economists' opinions that said Vietnam’s economy is back on track for a strong recovery this year.

As many as 130 business executives of all 21 APEC economies will meet in the Vietnamese province of Quang Ninh on July 26-27 for the third meeting of the APEC Business Advisory Council (ABAC III).

Many major foreign online service providers such as Facebook, Microsoft, TikTok, and Netflix have directly registered, declared and/or paid taxes online into the Vietnamese budget.

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.