Business

The Prime Minister has approved a scheme aiming to increase Vietnam’s agro-forestry and fishery export value to between US$ 60-62 billion by 2030.

Tax revenues from online advertising business models of foreign organisations that do not have legal entities in Vietnam like Google, YouTube or Facebook hit 1.14 trillion VND (49.5 million USD) last year, reported the General Department of Taxation.

Vietnam's tuna exports increased strongly in the first month of this year, especially to the US market with many orders.

The US Department of Commerce (DOC) has issued a preliminary conclusion regarding an anti-dumping investigation into copper pipes which originate from Vietnam, according to the Ministry of Industry and Trade.

Hanoi is unlikely to see any major changes in its apartment market this year or experience the short supply as seen in HCM City, Director of Savills Hanoi Matthew Powell has said.

Tourism firms in HCM City are calling for support from local authorities after thousands of customers cancelled their Tet tours following the new Covid-19 outbreak.

Bonsai traders are facing slow sales despite lower prices due to the virus outbreak in Hanoi.

Indonesia on Friday logged its first annual contraction since the 1998 Asian financial crisis, as the coronavirus pandemic slammed Southeast Asia's biggest economy.

Remittances to Ho Chi Minh City still rose by 12% year-on-year to US$6.1 billion in 2020 despite the COVID-19 pandemic, according to the State Bank of Vietnam’s Branch in HCM City.

The latest Business Climate Index unveiled by the European Chamber of Commerce in Vietnam on February 3 indicates that EU companies in Vietnam ended 2020 with overall optimistic view about the country’s business climate.

The local railway sector is facing cash shortages after many people returned their train tickets due to the new Covid-19 outbreak.

Despite the impact of the COVID-19 pandemic, Vietnam has obtained a trade surplus of US$1.3 billion in January, according to the Ministry of Industry and Trade.

Foreign enterprises poured a considerable amount of capital into manufacturing and processing projects in the first half of January, an official has said.

Boerse-online.de – a German securities news site, on January 30 ran an article highlighting the great potential of the Vietnamese market for foreign investment, saying that it is the time for investors to look to the Southeast Asian market.

Bilateral trade between Việt Nam and Hungary hit a historic record of more than US$1 billion in 2020, reflecting the enhanced relationship between the two countries in recent years.

Total investment to expand capital at existing projects in January rose by 41.4 percent on-year, while total investment increased by 51.7 percent, excluding the $4 billion LNG project in Bac Lieu province registered in last January.

Passengers from and to Van Don Airport can have their tickets cancelled or changed to other dates after the airport closed for Covid-19 prevention.

Vietnam welcomed 17,736 foreign visitors in January, a month-on-month increase of 9 percent but down 99.1 percent year-on-year, the General Statistics Office announced on January 29.

Many landlords in Binh Duong Province have lowered the rents by half for people who can't return to their hometowns during Tet Holiday due to Covid-19.