Business

The escalating oil and gas prices would reduce and even neutralise the effect of the 2-percent VAT cut, thus resulting in failure to achieve the growth target, losses to the budget and rising inflation, according to an expert.

Vietnam is expected to accelerate its economic recovery from the pandemic this year after having recorded a 2.6 percent increase in gross domestic products (GDP) in 2021, Singapore’s Business Times reported.

Vietnam and the US should enhance connectivity and work to ensure continuity of supply chains and prevent adverse impacts on the production sector, which has already been affected by the COVID-19 pandemic, an official has said.

In the first month of 2022, Vietnam saw a surge in both the number of newly-established enterprises and registered capital compared to the same period last year, according to the General Statistics Office.

The south central coastal province of Ninh Thuan has worked to turn itself among leading localities of Vietnam in renewable energy, with a total installed capacity of 3,475 MW as of late 2021.

The State Bank of Vietnam has urged lenders to not relax credit approval conditions but set tighter control on foreign currency lending and granting loans in high-risk sectors.

To help carry out the national green growth strategy, the Ministry of Planning and Investment is making a national action plan on green growth for 2021 - 2030 to be submitted to the Prime Minister this April.

PM Pham Minh Chinh has just approved a proposal from Haiphong authorities on developing Tien Lang Airport, which would be its second international airport following Cat Bi, in order to serve the city's socio-economic development.

The US News & World Report newswire has released a list of the world’s most powerful countries in 2021, with Vietnam being placed at the 25th position in the power rankings.

Retail petrol prices have risen from 3 pm today, February 11, after the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

The Ministry of Industry and Trade has set up a business activity task force to prevent petroleum speculation.

Rose prices in Da Lat City and Lac Duong District in the Central Highlands province of Lam Dong have sharply risen as Valentine's Day is nearing.

Vietnamese enterprises must strictly comply with set regulations relating to origin traceability, growing area, and packaging codes in order to export durian to China in a sustainable manner via official channels, according to industry insiders.

Deputy Prime Minister Le Van Thanh has asked the Ministry of Industry and Trade to ensure petroleum supply for domestic demand.

Sixteen commercial banks cut over 21.24 trillion VND (936 million USD) of loan interest for COVID-19-hit customers from July 15 to December 31, 2021, surpassing their commitment by 5.13 percent, the State Bank of Vietnam has reported.

Vietnam is expected to become a new production hub of the world, as “Made in Vietnam” products are winning larger shares in the international market, according to Russia's Sputnik news agency.

Trade among economies in Asia and the Pacific rose to the highest level in 3 decades, bolstering the region’s economic resilience amid the coronavirus disease (COVID-19) pandemic even as mobility restrictions and supply-chain disruptions hampered global trade, a report

The number of visitors to the southwestern region of Vietnam sharply increased on the Lunar New Year Tet holiday.

Vietnam’s recovery is set to gather momentum in 2022, as domestic demand rebounds and export performance remains strong, according to Fitch Ratings.