Business

Seven maritime economic clusters will be formed by 2030, serving to turn Vietnam into a strong marine country.

Although fuel prices have dropped by around 20 per cent since June, many transport firms are still sitting tight, unwilling to cut fares amid falling costs.

The overall punctuality of domestic airlines reached 81.8% in July with Vietravel Airlines taking the lead for on-time performance (OTP) at 91.9%, the Civil Aviation Authority of Vietnam (CAAV) reported.

The Ministry of Industry and Trade has suggested the Government remove coal-fired plants with a capacity of 14,120 megawatts from Power Development Plan VIII (for 2021-30), which is currently being drafted.

Construction on the first section of the Bien Hoa-Vung Tau expressway will start on April 30 next year in the southern province of Ba Ria-Vung Tau.

The Mini Thailand Week 2022 was launched at the Saigon Exhibition and Convention Centre (SECC), District 7, Ho Chi Minh City on August 5, with the participation of nearly 100 enterprises.

The Hoang Quan and Century City real estate projects which sold well thanks to being located near Long Thanh International Airport remain largely unused.

Vietnam expects to earn 45.7 billion USD from garment-textile exports this year amid good results recorded since the beginning of this year and positive market developments.

The potential of renewable energy sources is one of the keys to Vietnam’s energy transformation towards carbon neutrality, but barriers stemming from the unresponsive transmission network and pricing mechanism is wasting the capacity of billions of kWh of electricity.

The Ministry of Agriculture and Rural Development has confirmed the pork supply for the coming Lunar New Year or Tet.

Zalo – the most popular over-the-top messaging app in Vietnam, started to charge users from August 1 and cut a number of features of its free version.

Petroleum prices in Vietnam fell slightly from 3 pm on Monday, marking the fourth decrease following recent sharp price hikes.

Australian home prices slid for a third month in July and the pace quickened as Sydney suffered its worst decline in almost 40 years amid rising borrowing costs and a cost-of-living crisis.

Lending interest rates in the remaining months of this year will stay relatively stable to help firms recover production after the pandemic.

The number of newly-established enterprises and enterprises resuming operations continued to set a new record in the first seven months of this year, along with the recovery of the domestic economy.

The Vietnam Automobile Manufacturers’ Association (VAMA) has announced that its members sold 25,159 vehicles in June, down 42% from May ending three consecutive months of gains.

International visitors to the country reached 954,600 during the opening seven months of the year, representing a 10-fold increase compared to the same period from last year, according to figures revealed by the General Statistics Office (GSO).

Total export-import turnover in July reached 60.36 billion USD, up 6.1% year-on-year but down 6.8% month-on-month, according to the General Statistics Office of Vietnam.

Gold demand in Vietnam increased significantly in the second quarter of this year, according to the World Gold Council.