Business

Vingroup, Vietnam’s largest private conglomerate, has unveiled plans for its subsidiary VinSmart to halt the manufacturing of televisions and smartphones in order to primarily concentrate on developing electronic products and other components for VinFast cars.

Authorities of the northern province of Hải Dương are carrying out necessary procedures to offer from 5-10 products meeting standards in the 'One Commune - One Product' (OCOP) programme, including Thiều lychee, for sale on e-commerce platforms before May 18.

Disbursement of public investment in April was estimated at VND30.4 trillion (over US$1.3 billion), a sharp increase of 23.9% over the same period last year and equivalent to 6.6% of the yearly target, according to the General Statistics Office.

Vietnam posted solid export performance in the first quarter of 2021, and at such a growth speed, its export turnover is likely to hit 600 billion USD for the whole year, experts have said.

The State Bank of Vietnam (SBV) has told financial institutions to reschedule debt repayments to help customers affected by the COVID-19 pandemic.

Bamboo Airways has been officially granted slots (landing and take-off times) to operate regular direct flights from Ho Chi Minh City to San Francisco and Los Angeles starting September 1.

India has chosen not to place anti-dumping taxes on some artificial fiber products, including viscose spun yarn imported from countries such as Vietnam, according to details released by the Trade Remedies Authority of Vietnam.

Despite the nation suffering an annual drop in foreign direct investment (FDI) during the four months of the year, foreign investors still signed major deals in the country and confirmed its ongoing investment appeal.

A virtual fourth session of the Vietnam - Chile free trade council was held to review the implementation of the Vietnam-Chile Free Trade Agreement in the 2018-2021 period.

The import-export value of agro-forestry-fisheries products in the first four months of 2021 stood at about 32.07 billion USD, with exports estimated at 17.15 billion USD, the Ministry of Agriculture and Rural Development reported.

HCM City has targeted a GRDP (gross regional domestic product) of USD37,000 by 2045.

Many travel companies in Vietnam are seeing an increasing number of cancellations for summer holiday tours amid fears of a new Covid-19 outbreak.

The Vietnamese rice industry needs to develop its own trademark strategy suitable for each market, including the United Kingdom, in order to protect and increase the value of Vietnamese rice as well as its trademark overseas, according to the

The Civil Aviation Authority of Vietnam has proposed a new international airport in Hai Phong City to support the Cat Bi Airport by 2050.

The Vietnam Trade Office in Australia has said it has taken measures to protect Vietnamese rice trademarks after an Australian firm registered for trademark protection of rice varieties ST24 and ST25.

Honda Vietnam has recently announced that it will recall 27,640 units due to faulty fuel pumps, beginning on May 5.

The Malaysian Ministry of International Trade and Industry has officially applied anti-dumping duties of between 7.81% and 23.84% on cold rolled stainless steel imported from Vietnam, according to the Trade Remedies Authority of Vietnam.

The Ministry of Industry and Trade's Trade Defence Department has stated that it received information regarding the US Department of Commerce receiving documents requesting anti-dumping investigations for honey products originating from Argentina, Brazil, India, Ukraine, and Vietnam.

Vietnam witnessed the growth of exports and imports in the first four months of 2021 hitting 10-year record high, data of the General Statistics Office (GSO) shows.