Business

Several economic experts have recently raised concerns about risks being taken by miners when downloading the Pi Network app in order to mine Pi, a new form of digital currency which has yet to be licensed in Vietnam.

The Vietnamese economy continued its recovery during the opening two months of the year, with signs of robust growth in several sectors coupled with the COVID-19 pandemic gradually being brought under control, according to the General Statistics Office.

Low power demand coupled with oversupply of electricity at times have forced authorities to cut the capacity of renewable energy plants in order to avoid overwhelming the national grid, according to the Ministry of Industry and Trade.

Dong Thap province’s Chau Thanh district has expanded the cultivation of high-quality sweet potatoes for export and will develop processed sweet-potato products that meet the standards of the country’s ‘one commune – one product’ (OCOP) programme.

In February, Vinfast automobile sales overcame Ford and Honda to rank the fourth position for the first time since its recent establishment.

Retail petrol prices rose from 3pm on March 12 following the latest review by the Ministry of Industry and Trade and the Ministry of Finance.

While there are several upside risks, moderating food prices should keep Vietnam’s inflation under control.

More tours have been sold after the Tet Holiday as the Covid-19 pandemic is being brought under control in many localities in Vietnam.

Farmers in the Mekong Delta region are facing difficulties selling mangoes due to the Covid-19 pandemic.

Prime Minister Nguyễn Xuân Phúc has approved the pilot application of 'mobile money', which allows the use of mobile phone credit to pay for small-value goods and services.

Following Vietnam’s export turnover to Sweden witnessing an annual increase of 99.94% in January, the advantages brought about by the EVFTA are anticipated to promote greater trade links between the two countries.

The Ho Chi Minh City People’s Committee has introduced a project facilitating the development of its innovative start-up ecosystem during the 2021-2025 period, with a target of supporting 1,000 start-ups.

The World Bank has signed a US$11.3 million grant with the State Bank of Vietnam to support the development of a commercial financing market for industrial energy efficient investments.

Vietnam saw a slight rise in car imports between January and February this year.

Vietnam’s economic freedom score is now 61.7, making its economy the 90th freest in the 2021 Index of Economic Freedom.

For Vietnamese products to enter foreign distribution channels, it was necessary to be more professional and stable in product quality, said experts.

The sustainable development of the business community is an important foundation, contributing to the nation’s prosperity, PM Nguyen Xuan Phuc told a meeting with outstanding Vietnamese entrepreneurs and intellectuals.

Tenaga Nasional Bhd.'s (TNB) wholly-owned subsidiary TNB Renewables Sdn., Bhd. will acquire a 39 per cent stake in a 21.6MW project comprising of five rooftop solar plants in Vietnam from Singapore’s Sunseap Group.

Foreign tech giants like Facebook, Google, and YouTube will have to pay taxes in Vietnam under a draft circular, after years of invoicing their revenues out of the country.