Business

Vietnam exported 287 tonnes of agricultural products to China via Kim Thanh border gate in the northern province of Lao Cai on the first three days of the Lunar New Year

Huu Nghi and Tan Thanh border gates with China have been reopened to help ease congestion at the shared border gates between the two countries in the northern province of Lang Son.

Samsung C&T Corp., the construction unit of Samsung Group, has announced it had obtained a plant deal worth 510 million USD from Vietnam.

Vietnam has set a target to speed up the development of science and technology for the 2021-30 period with the establishment of modern research and development centres in both public and private sectors as a core mission objective.

The effective implementation of new-generation free trade agreements can be considered as the driving force behind fulfilling the export target of over US$356 billion set for this year.

Dozens of experts and engineers on February 1-2 received and pumped 113,000 cubic metres of oil from Apollo oil tanker into Dung Quat oil refinery.

Foreign direct investment (FDI) disbursement in Vietnam reached USD1.61 billion in January, up 6.8% on-year, according to the Foreign Investment Agency.

Despite the negative impact of the COVID-19 pandemic, the remittance flow to the country throughout 2021 reached more than US$12 billion, an increase of 10% compared to 2020, according to data published by the State Bank of Vietnam (SBV).

Vietnam's pepper market share in total US imports increased from 66.6% during the past 11 months of 2020 to 68.25% in the same period of 2021.

The Government has issued a resolution on the overall socio-economic recovery programme worth VND350 trillion (US$15 billion) which was approved by the National Assembly a couple of weeks ago.

Lots of flights and hotels have been fully booked due to the high travel demand during the Lunar New Year or Tet Holiday.

The Ministry of Finance has coordinated with relevant agencies to complete a report on the development the National Credit Rating Improvement Project for the 2021-2030 period to submit to the Prime Minister for approval.

Vietnam is a "rising star" and will emerge as the third-largest startup ecosystem in Southeast Asia in2022, according to a report by venture capital firm Golden Gate.

The consumer price index for January increased by 0.19% month on month and by 1.94% year on year, fuelling core inflation for January to rise by 0.22%, according to the General Statistics Office.

Vietnam posted a trade deficit of 500 million USD in the first month of 2022, according to the General Statistics Office.

Many banks are facing overcrowding with customers having to wait long hours to be served on the final days of the lunar year.

The Nghi Son oil refinery and petrochemical plant (NSRP), the largest of its kind in Vietnam, is on the brink of closure due to financial difficulties.

Some Vietnamese airlines, travel companies and hotel businesses have proposed the Prime Minister announce the point of time for resuming international tourism in the country right in February.

European companies ended 2021 more positive and optimistic regarding the local trade and investment environment, according to the Business Climate Index (BCI) from the European Chamber of Commerce in Vietnam (EuroCham).