Business

EVN inks non-Government guaranteed loan worth 80 million EUR with AFD

The Vietnam Electricity Group and the French Development Agency has signed a agreement on a non-Government guaranteed loan worth 80 million EUR to implement the southern Vietnam power distribution project invested by EVN's subsidiary - the Southern Power Corporation.

Petrol price may go down substantially in April

People and businesses are expecting petrol prices will drop substantially from next month after the National Assembly Standing Committee passed the resolution on reduction of environmental protection tax rates on petroleum, oil and lubricants.

Vietnamese airlines hard hit by Russia-Ukraine tension

Vietnam Airlines and Bamboo Airways have had to adjust their air routes to Europe and the US, due to being impacted by the Russia-Ukraine conflict, which has increased costs for them.

Local dairy products make foray into 56 countries and territories globally

Vietnam’s milk export turnover has consistently seen annual growth in recent years, reaching roughly US$300 million, with the milk export market expanded to nearly 56 countries and territories globally, according to the Vietnam Dairy Association.

Workshop talks long-term development strategy for wood industry

Vietnam's wood processing and furniture industry has made big strides over the past decade, heard a workshop in Ho Chi Minh City on March 25.

WB pleges to support Vietnam to become high-income economy by 2045

World Bank (WB) Regional Vice President for East Asia and Pacific Manuela V. Ferro on March 25 concluded her five-day visit to Vietnam.

Vietnam to have a regulation on offshore loans

The State Bank of Vietnam (SBV) is collecting opinions from organisations and individuals on the Prime Minister's draft decision on offshore loans and guarantees for non-residents of economic organisations.

Air tickets sharply increase ahead of long holiday

Tickets on domestic air routes have considerably risen although Reunification Day on April 30 and International Labour Day on May 1 are still more than a month away.

Vietnam works to foster farm produce exports to US

Batches of agro-forestry-aquatic products of Vietnam have been shipped to the US in the first two months, offering chances for the country to accelerate exports to a major but challenging market of the world.

Higher bond yields in developed markets spill over to emerging East Asia

Emerging East Asia’s total local currency bond issuance rose 7.1% to an all-time high of $9 trillion in 2021, according to the latest issue of the Asia Bond Monitor, released today by the Asian Development Bank.

Oil sees further gains on sanctions talk, while equities slip

Oil prices extended their gains Thursday on growing fears of further Russia sanctions that could hit already thin supplies, while most equity markets retreated owing to surging inflation and central bank plans to sharply hike interest rates.

Foreign investors interested in Vietnam's future workforce

Vietnam's assessment of future employment trends and how Vietnam is preparing for its workforce to respond to such trends are issues attracting attention from foreign businesses at the ongoing Singapore Apex Business Summit 2022.

Fruit and vegetable exports to the US, Europe surge

Vietnam is boosting fruit and vegetable export to the US and Europe after facing difficulties with the Chinese market.

Israel-Vietnam Chamber of Commerce debuts

A ceremony to inaugurate the Israel-Vietnam Chamber of Commerce was held on March 22 by the Vietnamese Embassy in Israel and the Israel-Asia Chamber of Commerce.

Low level of car production holds back Vietnamese auto part suppliers

Some 50,000 vehicles per year is the minimum production level needed for the growth of the Vietnamese auto part industry. Unfortunately, few car producers in Vietnam have reached such a level.

Bamboo Airways launches Hanoi-London direct air route

Bamboo Airway’s direct air route linking Vietnam and the UK was officially launched on March 22 with a flight departing from Hanoi’s Noi Bai international airport to London.

Vietnam, Laos to speed up strategic cooperation projects

Vietnamese and Lao businesses discussed ways to speed up the implementation of large-scale Vietnamese-invested projects in Laos and seek new cooperation projects of strategic importance during a workshop in Vientiane on March 21.

Aviation industry sets target to welcome 43 million passengers

Vietnam’s aviation industry is targeting about 43 million passengers in 2022, including eight million international tourists, or around 50 percent of pre-pandemic numbers, according to the Civil Aviation Authority of Vietnam.

Positive outlook ahead for local seafood exports to UK

Vietnamese seafood exports to the UK market are forecast to maintain their double-digit growth over the coming months due to rising demand, according to details given by the Vietnam Association of Seafood Exporters and Producers (VASEP).