Business

The General Statistics Office (GSO) unveiled on April 29 that the consumer price index (CPI) in April slipped by 0.04% compared to the previous month but rose by 1.27% from the figure recorded last December.

Vietnam must look to improve national workplace productivity if it wants to promote its economic competitiveness and growth, according to Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc.

Vietnam’s economic growth is expected to rebound to 6.7% this year despite the recent resurgence of the COVID-19 pandemic in nearby countries and rise to 7.0% in 2022, according to a new report from the Asian Development Bank.

The Asian Development Bank has raised its growth forecast for developing Asia this year on the rollout of Covid-19 vaccines and the strength of global export demand, but warned that resurgent virus outbreaks threatened the recovery.

The Civil Aviation Authority of Vietnam (CAAV) has warned that flight slots that are unused for five weeks in a row since March 28 would be taken away.

Retail petrol prices rose from 3pm on April 27 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

Efforts to improve Vietnam’s business climate have continued despite COVID-19 but progress appears to have slowed down compared to previous years and differs between fields, according to the Vietnam Chamber of Commerce and Industry.

The Ministry of Transport has proposed the Government increase support for domestic airlines which were heavily hit by the COVID-19 pandemic.

Vietnam’s job market showed strong signs of recovery in the first quarter of 2021, opening up various opportunities for workers, especially highly-skilled workers.

The Airports Corporation of Vietnam has invested heavily in airport infrastructure development as Vietnam’s aviation market boasts huge potential for expansion, according to an official from the corporation.

Local businesses have been advised to swiftly prove their ownership of the Vietnamese rice ST25, the world’s best rice, for brand protection in the United States, after four foreign firms registered to protect this brand in the US.

Authorities in the central province of Ha Tinh have asked concerned agencies to create favourable conditions for Vingroup’s car project.

The bus rapid transit route in Hanoi is incurring rising losses after four years of pilot operations.

Farmers in the southern province of Soc Trang are facing difficulties in selling purple onions due to the competition from Thailand and China and the impact of Covid-19.

More than 100 businesses in the northern mountainous province of Lao Cai have jointly participated in a tourism stimulation programme, aimed at attracting more visitors to the locality.

Vietnam’s electronics exports have enjoyed robust growth in recent times, with foreign firms holding 95% of Vietnamese electronics export value, according to figures released by the Ministry of Industry and Trade.

Nha Trang City in the southern central province of Khanh Hoa is witnessing a sharp rise in the number of tourists after the Covid-19 pandemic has been brought under control in Vietnam.

The real estate frenzy across the nation has pushed land prices to record heights, while lenders are taking a vigilant approach. However, tightening real estate loans may not be the magic bullet to rein in buyers.

By the end of March, over 1,000 firms owe months of social, health and unemployment insurance payments in Quang Ngai valued at VND179bn (USD7.7m).