Business

Minister of Industry and Trade Nguyen Hong Dien has met with South African Ambassador Mpetjane Kgaogelo Lekgoro, saying that Vietnam is now in urgent need of diversifying coal supply sources as it is promoting post-pandemic economic recovery.

The Hong Kong & Shanghai Banking Corporation (HSBC) has moved to lower Vietnam’s GDP growth rate for the year from the previously-projected 6.5% to 6.2% amid fears of rising oil prices globally.

The Asian route development forum 2020 (Routes Asia 2022) will take place in the central city of Da Nang on June 4-9 with programmes and activities connecting the air transport industry and flight networks in the Asia-Pacific region, the

Vietnam enjoyed trade surplus of 809 million USD in the first quarter of 2021, according to the General Statistics Office.

The COVID-19-hit rental real estate market is bouncing back from hibernation as the successful vaccination campaign nationwide has allowed the reopening of economic activities, pushing up demand.

The Ministry of Transport (MoT) has asked the Prime Minister to allow the ministry to grant a licence in aviation cargo transportation for IPP Air Cargo Joint Stock Company – the first cargo airline in Vietnam.

China's factory output slumped to its lowest in two years in March, independent data showed Friday, as the country battles its worst Covid-19 outbreak since the start of the pandemic.

Petrol prices have decreased while oil saw a price hike from April 1 following the latest adjustment by the Ministry of Industry and Trade and Ministry of Finance.

The Electricity of Vietnam has been concerned about the power shortage from next month amid the tight coal supply.

Property developer FLC Group announced on March 31 that Dang Tat Thang will be chairman of the group and Bamboo Airways until a new decision from shareholders' meeting and the board of directors.

The capital has the highest cost of living in Vietnam, according to the Spatial Cost of Living Index announced recently by the General Statistics Office.

The Ministry of Industry and Trade (MoIT) and the British Embassy launched the Vietnam National Trade Repository (VNTR) at a ceremony held in Hanoi on March 30.

US President Joe Biden has welcomed a VinFast invested project to build its first factory in North Carolina as part of the Vietnamese firm’s investment strategy to expand operations in the United States.

The Ministry of Public Security's Investigation Police Agency on March 29 decided to launch criminal proceedings against and arrest Trinh Van Quyet, Chairman of the FLC Group Joint Stock Company, pending investigations into suspicion of stock market manipulation.

The first quarter of the year saw 35,700 enterprises forced to temporarily suspend operations, a rise of 49.7% on-year, with 17,100 businesses withdrawing from the market every month on average, according to the National Business Registration Information System.

The northern province of Bac Giang has been seeking outlets for around 160,000 tonnes of lychee from this year’s crop.

Fitch Ratings has affirmed Vietnam's long-term foreign-currency issuer default rating, assessing it to be a 'BB' with a positive outlook.

Vietnam’s Gross Domestic Product in the first quarter of this year was estimated to increase 5.03 percent year-on-year, higher than the 4.72 percent growth rate in the same period last year, according to the General Statistics Office.

The Vietnam Electricity Group and the French Development Agency has signed a agreement on a non-Government guaranteed loan worth 80 million EUR to implement the southern Vietnam power distribution project invested by EVN's subsidiary - the Southern Power Corporation.