Business

Vietnam has the third lowest operating costs among nine countries in Asia, just behind Cambodia and Myanmar, according to Asia-Pacific’s leading business transformation consultancy TMX.

Ho Chi Minh City will begin construction of Metro Line No. 2 in 2022, according to the municipal Department of Transport.

The number of domestic air passengers has been on the rise as the Lunar New Year or Tet Holiday approaches.

The World Bank (WB) has forecast that Vietnam’s economic recovery is likely to accelerate in 2022 as GDP growth is expected to rise to 5.5 percent from 2.6 percent in the year just ended.

The northern province of Lang Son has announced to temporarily stop receiving container trucks transporting fresh fruits to local border gates for being exported to China from January 17 to the coming Lunar New Year or Tet.

Some foreign financial organisations have issued relatively positive predictions for Vietnam’s economy this year, with growth expected at 6.5 - 6.7 percent.

Low labour costs, a geographical location close to Asian supply chains, and Japan and the Republic of Korea's efforts to promote greater overseas investment are considered as three factors in boosting Vietnamese foreign direct investment.

Chinese authority has re-opened its Hekou International Border Gate – which pairs with Vietnam's Kim Thanh II border gate in the northern province of Lao Cai – for imported fresh fruits, including dragon fruit, and frozen foods from Vietnam.

The Vietnam Coffee and Cocoa Association has targeted a coffee export turnover of US$5-6 billion in 2030, doubling the export value at present.

Retail petrol prices have increased from 3 pm on Tuesday following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

In the run-up to Tet (Lunar New Year), the biggest traditional festival of Vietnam, the inflow of remittances sent by overseas Vietnamese to the homeland has been on the rise, fueled further by local banks’ preferential programmes.

Pet care services have become increasingly popular in Hanoi and HCM City for the Tet Lunar New Year Holiday.

The Asian Development Bank (ADB) signed a $25 million loan with Tien Phong Commercial Joint Stock Bank (TPB) to expand access to finance of women-owned and led small and medium-sized enterprises (WSMEs) in Vietnam. The project is also cofinanced

Vietjet has been once again recognised as one of the world’s Top 10 safest low-cost airlines for 2022 by AirlineRatings, the world’s famous airline safety and product rating website.

Artemis DNA has become the first US firm to place an order to purchase 100 electric cars of VinFast following the Vietnamese automaker’s new model debut at the technology exhibition CES 2022 in Las Vegas, the United States.

The Vietnamese tourism sector has set a target to serve 65 million visitors in 2022, 90 percent of which would be domestic travellers.

Deputy Minister of Agriculture and Rural Development Tran Thanh Nam suggested that Binh Thuan, Tien Giang and Long An provinces join hands to promote dragon fruit exports to China by sea freight.

National flag carrier Vietnam Airlines have announced plans to sell apricot and peach blossoms for the coming Lunar New Year or Tet Festival.

Vietnamese automaker VinFast announced on January 6 to stop producing internal combustion engine cars and switch to all-electric vehicle production from the end of 2022 at the Consumer Electronics Show CES 2022 in Las Vegas, the US.