Business

S&P Global Ratings has upgraded its long-term credit rating on Vietnam to BB+ with a stable outlook on the back of its strong economic recovery and improved government institutional settings.

Organisations and individuals buying, selling and transferring real estate under two separate prices, meaning that the actual purchase price is lower than that on the notarised contract, has caused great losses of revenue to the State budget.

The Vietnamese economy recovered more slowly than the world economy last year, but the reverse is likely to be true this year.

Authorities in the northern province of Bac Giang are seeking ways to help local farmers sell around 180,000 tonnes of lychee.

Vietnam’s internet economy was valued at about 21 billion USD in 2021, contributing to 5 percent of GDP and rising seven-fold from 2015.

Vietnamese Ambassador to Egypt Nguyen Huy Dung says Vietnam and Egypt have numerous opportunities to foster their economic and trade ties as both countries are now moving into the post-pandemic period.

Vietnam’s aviation industry needs to improve to keep up with the global market as flights resume following the pandemic, Deputy Minister of Transport Le Anh Tuan has said.

Supportive solutions for businesses need to be implemented faster and stronger to improve the capacity of businesses and increase linkage among them, according to experts.

The targets set for 2022, including the growth target of 6-6.5 percent, remain a huge challenge given the domestic and international situation, Deputy Prime Minister Le Van Thanh said at the third session of the 15th National Assembly in Hanoi.

Retail prices of petrol in Vietnam rose by nearly VND700 to more than VND30,000/litre on May 23, setting a new record in the domestic petrol market.

ASEAN has been a huge potential market for Vietnamese rice, and export firms should have a strategy to expand in the market of nearly 700 million people with similarities in culture and lifestyles, an official has said.

Rising labour and production costs have prompted some relocation but HCM City remains an appealing investment destination given its market size and speedy recovery, experts say.

HCM City will organise a non-cash payment discount market for local workers.

Deputy Prime Minister Le Minh Khai will attend the World Economic Forum Annual Meeting 2022 in Davos, Switzerland from May 23-24 at the invitation of Founder and Executive Chairman Klaus Schwab.

Vietnam must move forward with plans to design additional programmes to support firms in the digital transformation process in terms of funding, knowledge, and information in the technology market to help them grasp technological changes occurring globally, according to insiders.

Many tourism projects in the southern province of Ba Ria-Vung Tau have been withdrawn after falling dramatically behind schedule.

Ratings of Vietnamese banks are expected to be continually improved thanks to Việt Nam’s positive sovereign credit rating.

Japan's core consumer prices posted their biggest jump in seven years in April, official data showed Friday, as global commodity prices soared and the yen slumped against the dollar.

The United States Agency for International Development and the General Department of Vietnam Customs on Thursday released an action plan for reducing congestion at Cat Lai Terminal, Vietnam’s busiest container operation in Ho Chi Minh City.