Business

The State Bank of Vietnam (SBV) will increase its interference in the foreign currency market and stay ready to pump money to the market more frequently, according to Vice Director of the SBV’s Monetary Policy Department Pham Chi Quang.

The Ho Chi Minh City People’s Committee has approved a list of 197 projects worth 43 billion USD calling for investments in 2022, as proposed by the municipal Department of Planning and Investment.

Local authorities in Ba Ria-Vung Tau and Dong Nai provinces are preparing to carry out an expressway route linking Bien Hoa and Vung Tau cities.

Customs clearance activities at the Ka Long international border gate in the northeastern province of Quang Ninh’s Mong Cai city were resumed on June 17 after over three years of suspension due to the COVID-19 pandemic, marking the return

The Civil Aviation Administration of China has agreed to allow airlines of Vietnam and China to operate two flights per week, instead of only one flight per week as before, according to the Civil Aviation Authority of Vietnam.

Vietnam, like many other East and Southeast Asian countries, is further climbing up the global value chain thanks to the positive effect of the utilisation of foreign direct investment, according to the latest report by Hinrich Foundation.

Apple iPhone assembler Pegatron Corp has recently unveiled its expansion plan in other countries including Vietnam due to COVID-19 restrictions in China, according to Reuters.

Vietnam’s domestic aviation market is recovering at the fastest pace in the world with a growth rate of 123 percent compared to the same period of 2019, before the COVID-19 pandemic broke out.

Vietnam Airlines JSC has just sent a document to the Ho Chi Minh Stock Exchange (HOSE) explaining measures and a roadmap to remove it from the list of stocks trading under supervision.

The number of tourists to the Central Highlands province of Lam Dong’s Da Lat City has sharply increased.

HSBC has lowered its forecast on Vietnam’s inflation rate in 2022 to 3.5 percent from its earlier prediction of 3.7 percent due to the stable domestic food prices, which is expected to help curb the country’s headline inflation.

Industrial and export processing zones based in Hanoi have unveiled that it attracted four new investment projects and 12 expanded projects featuring a total investment capital of US$ 81 million during the opening five months of the year.

Retail petrol prices increased from 3 pm Monday, June 13, to the highest rate ever, marking the sixth consecutive rise.

PetroVietnam Gas Joint Stock Corporation (PV GAS) has been named among the top 50 listed companies for this year by Forbes Vietnam, marking the firm’s 10th consecutive appearance on the list.

The International Monetary Fund (IMF) forecasted that Viet Nam’s gross domestic product (GDP) will reach US$571.1 billion by 2025, surpassing the Philippines and Singapore to become the third largest economy in the Southeast Asia.

In view of the important contributions of investment capital to the local economy, Vietnam needs immediate solutions to attract more FDI and strengthen its sources, according to experts.

In the controversy over limited-term apartment ownership, some experts see positives and say it could change the situation of slum areas and reduce housing prices.

China is one of the leading five consumers of Vietnamese wood and wood products, with its imports accounting for between 10% - 12% of Vietnam’s total wood export value, according to wood processors and Forest Trends.

More Vietnamese airlines have launched flights to Dong Hoi Airport in the central province of Quang Binh.