Business

Nearly 25 Vietnamese companies exporting basa fish have withdrawn from the EU market since the beginning of the year.

Leading food processor Vissan in Vietnam has proposed suspending its operations for 3-4 weeks after 43 employees tested positive for Covid-19.

Total foreign direct investment (FDI) registered capital decreased by 11.1% to fall to US$16.7 billion by July 20 due to the adverse impact caused by the latest COVID-19 outbreak, according to the Foreign Investment Agency (FIA).

Vietnamese firms invested USD570.1 million in foreign countries in the first seven months of this year, representing a 2.3-fold increase, the Ministry of Planning and Investment reported.

Bamboo Airways on has announced that they have stopped all commercial flights until August 7 due to the lack of passengers.

Retail petrol prices were down about 100 VND per litre from 3pm on July 27 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

Delivery fees in HCM City have sharply increased as tighter social distancing measures are being imposed in the city.

Vietnam's footwear exports brought home 11.27 billion USD from the start of the year to July 15, a year-on-year surge of 28.36 percent, according to the General Department of Vietnam Customs.

More than 900 firms in Hanoi that owe hundreds of billions of VND in taxes have been publicly named by the city Department of Taxation.

Longan farming areas under Covid-19 social distancing measures are facing challenges in seeking outlets for around 4,700 tonnes of fruit.

Many supermarkets in HCM City have announced to close early following tightened social distancing rules imposed in the area.

Vietnam will tighten control over cross-border platforms providing advertisement services like Facebook and Google under new rules taking effect from September 15.

The Office of the United States Trade Representative (USTR) on July 23 issued a formal determination in the Vietnam Currency Section 301 investigation, under which the agency will not take any tariff action against Vietnam.

Con Dao Island’s airport in the southern province of Ba Rịa-Vung Tau is expected to be expanded to receive larger aircraft and increase its capacity to two million passengers a year.

HCM City Department of Industry and Trade has worked with a transportation firm to turn five buses into mobile grocery stores.

The island district of Ly Son in the central province of Quang Ngai is facing an inventory of around 1,800 tonnes and if the situation lasts long, local growers would face serious losses.

Son La province held a ceremony on July 21, in Song Ma district, to announce the decision granting certificates of trademark registration for the "Son La longan" and to cut the ribbon to send off the batch of Song

Vietnam Railways (VNR) on July 20 added a new rail freight link from Vietnam to Belgium, with the first train departing from Yen Vien station, Hanoi, and expected to arrive at Liege City in Belgium.

The Asian Development Bank is projecting 7.2% economic growth for developing Asia this year, compared with its 7.3% forecast in April, as renewed coronavirus disease (COVID-19) outbreaks slow the recovery in some economies in the region.