Business

The pandemic as a force majeure event has crippled people’s ability to meet loan repayment requirements, the State Bank of Vietnam and commercial lenders have taken measures to deal with worrisome property assets.

Many firms are worried about labour shortages after resuming operations after the social distancing period.

Finance Minister Ho Duc Phoc has affirmed that the State budget is enough for expenditures planned by the National Assembly (NA) and the Prime Minister.

Many mini apartments have been put on sale in Hanoi as the rental sector has collapsed during the Covid-19 pandemic.

Foreign investment into Vietnamese startups is predicted to increase although the COVID-19 pandemic has left negative impacts on the economy, according to experts.

The long-delayed Cát Linh - Hà Đông urban railway project needs an additional US$7.8 million for supervision and consulting costs, according to the Ministry of Transport.

The Australian Government has announced a grant of nearly 1.4 million AUD (around 1 million USD) for four Vietnamese high-tech application projects in the field of digital transformation, through the Aus4Innovation Programme.

If the COVID-19 pandemic is put under good control in September, the country’s gross domestic product (GDP) growth may reach 3.5-4 percent in the whole year, said Minister of Planning and Investment Nguyen Chi Dung.

HCM City has sent an urgent request to the Ministry of Planning and Investment for a VND17.2trn (USD753m) state fund allocation to complete three key projects in the city.

The Vietnam Railway Corporation has proposed to borrow VND800bn (USD35m) to maintain operations.

Vietnam will impose a zero percent tax rate on 31 commodities imported from Cambodia such as live poultry, poultry meat and by-products, lemons and rice.

Minister of Planning and Investment Nguyen Chi Dung says his Ministry is considering revising Vietnam’s economic growth rate target to between 3.5% and 4%, as opposed to the 6.5% originally expected, due to the negative impact caused by the

Demand for mooncakes has taken a sharp fall this year due to social distancing for Covid-19 prevention.

The Civil Aviation Authority of Vietnam (CAAV) have submitted to the Ministry of Transport a three-phase plan to reopen the domestic flight routes.

The US has unveiled an extension to the time limit for issuing the final conclusion of the anti-dumping and anti-subsidy probe into stainless steel plates originating from the nation, according to the Trade Remedies Authority of Vietnam.

The northern coastal province of Quảng Ninh has proposed a project on building the Vạn Ninh general port with total investment of VNĐ2.24 trillion (US$99 million), which, if approved, is expected to start construction in the fourth quarter of

A new policy offers abundant opportunities for equity investors to step into aviation under the public-private partnership (PPP) model or by securing the right to exploit airports under the management of state-owned Airports Corporation of Vietnam.

The Hanoi Department of Taxation have collected over VND39 billion (USD1.69 million) from content developers on Google and Apple during the first seven months of this year.

The Company for Vaccine and Biological Production No.1 (VABIOTECH) has announced that it will soon import the semi-finished Sputnik V vaccine for vial packaging in Vietnam in the near future.