Business

VinFast Trading and Production LLC, a subsidiary of Vietnamese conglomerate Vingroup, plans to set up an automobile plant in the US after establishing a 50-member R&D office in San Francisco in preparation for California automobile sales in 2022, Bloomberg reported.

The nation’s Free Trade Agreement (FTA) with the European Free Trade Association (EFTA) is likely to be completed later this year to coincide with the country celebrating the 50th anniversary of diplomatic relations with Switzerland.

The budget carrier Vietjet Air has offered free 20kg of checked baggage for passengers on its entire flight network across Vietnam.

Vietnam agricultural products exported to Thailand have increased sharply in the first months of 2021.

Vietnam’s consumer price index in February was up 1.52 percent over the previous month and 0.7 percent year on year, according to the General Statistics Office.

Many hotels have been put on sale in Nha Trang and Danang cities due to losses caused by the Covid-19 pandemic.

Vietnam has pulled in a total of USD5.46 billion worth of foreign direct investment (FDI) in the first two months of this year, down 15.6%, reported the Ministry of Planning and Investment.

Despite the recent resurgence of the COVID-19 pandemic, the majority of foreign businesses remain optimistic for 2021 with some expansion plans.

Vietnam Airlines announced that it will resume flights between HCM City and the northern province of Quang Ninh’s Van Don Airport on March 3 as the province has brought the pandemic under control and the airport is now safe

The Ministries of Industry and Trade and Finance revised petrol prices upwards as of 3pm on February 25, marking the first increase since the traditional Lunar New Year (Tet) holiday.

Authorities in Bac Giang Province have proposed to upgrade a military airport to a joint-use airport to serve civilian planes.

Australian carrier Qantas reported on Thursday a US$5.5 billion plunge in revenue during the second half of 2020 and said international passenger flights would not resume until October as the pandemic continued to devastate the industry.

Many firms in Binh Duong Province are facing difficulties in finding workers after the Tet Holiday.

Prime Minister Nguyen Xuan Phuc recently gave in-principle approval to the Quang Trach 2 thermal power plant project, the Quang Binh provincial People’s Committee said.

Hundreds of tourist boats are lying idle in Ha Long Bay due to the lack of customers amid Covid-19 pandemic.

January started on a positive note, with city hotels seeing increased MICE and event bookings, while in some resorts corporate bookings started to return, according to Savills Vietnam.

The Ministry of Construction believes the domestic real estate market has overcome the most difficult period due to positive developments in the market as well as the whole economy in the fourth quarter of 2020.

Vietnam's seafood exports have benefited greatly from the Europe - Vietnam Free Trade Agreement (EVFTA), especially that of tuna.

Vigorous legal changes regarding real estate investment and construction are set to beef up the realty market in the Year of the Buffalo.