Business

Vietnamese exports to Russia and Ukraine plunged dramatically in the first quarter of this year due to the adverse impact of the ongoing armed conflict between Russia and Ukraine.

Vietnam’s economic recovery is likely to be stronger at the end of the second quarter of 2022 when the domestic demand and the tourism sector recover, according to Standard Chartered Bank.

Retail petrol prices have fallen from Tuesday afternoon, marking the third consecutive decrease in just three weeks.

Nguyen Dong Giang, who lives in the Hanoi Old Quarter, is operating a coffee shop with a laundry service.

Exports and imports reported double-digit growth in the first quarter of 2022, signaling a good year for the foreign trade.

The Ministry of Industry and Trade has put forth a proposal to start auctioning solar and wind energy projects that did not complete the technical test phase prior to October 31, 2021.

Prime Minister Pham Minh Chinh has issued a telegram requesting relevant ministries and agencies to intervene to ensure healthy and effective operations of the stock and corporate bond markets.

Vietnam imported a total number of 23,992 completely built-up automobiles worth a combined USD572 million in the first quarter of this year, representing an on-year decline of 31.9 percent and 29.6 percent respectively.

The 12th Vietnam - Laos border trade development cooperation conference was held in the Lao capital of Vientiane on April 11 under the co-chair of Vietnamese Minister of Industry and Trade Nguyen Hong Dien and his Lao counterpart Khampheng Xaysompheng.

The State Bank of Vietnam (SBV) has been developing a sandbox for fintech banking and gathering feedback on a draft regulating the sector.

The slowdown in China's economic growth due to COVID-19, the US Federal Reserve's policy stance and the business plans of listed enterprises are the main factors driving the Vietnamese stock market in April, said SGI Capital.

The Ministry of Finance will support businesses when implementing the socio-economic recovery and development programme, Finance Minister Hồ Đức Phớc said.

Shanghai's grinding coronavirus lockdown is slowly clogging China's supply chains, as delays hit the world's busiest container port where staff are tangled in a morass of Covid controls.

Deputy Prime Minister Le Van Thanh has emphasised the target of opening Long Thanh International Airport in the southern province of Dong Nai by 2025, with quality given the top priority.

President Nguyen Xuan Phuc attended a ceremony marking the resumption of 10 air routes of Vietjet from/to the Mekong Delta city of Can Tho on April 6.

Vietnam’s economy is expected to rebound to 6.5% this year and further expand to 6.7% in 2023, due to the high vaccination rate, trade expansion, and continued accommodative monetary and fiscal policies.

The Asian Development Bank trimmed its 2022 growth forecast for developing Asia Wednesday as "increasing" price pressures after Russia's invasion of Ukraine threaten a recovery from Omicron surges.

Forbes has announced its list of 2,668 billionaires in the world in 2022, including seven Vietnamese executives.

CNBC, the recognised world leader in financial news that features breaking news and the latest headlines from Wall Street, has included Vietnam in its three hottest markets in Southeast Asia for 2022.