Business

The domestic hospitality market is expected to recover strongly with the gradual resumption of domestic and international tourism, though the Ministry of Construction (MoC) warns that it might not all be plain sailing.

The State Bank of Viet Nam has allowed two mobile network providers to pilot mobile money service in a bid to reduce the use of cash nationwide.

A major cluster of three large industrial parks worth over USD 2 billion are under construction in the southern central province of Binh Thuan’s La Gi Town and Ham Tan District.

The number of newly established private enterprises in Vietnam has increased steadily every year, from 70,900 in the 2015-2020 period to 112,500 in the 2015-2020. Not only quantity, capital scale and capacity of private enterprises have also improved.

Visual Capitalist, one of the fastest growing publishers globally which focuses on producing content on energy, technology, and the global economy, has listed Vietnam among the world’s top 10 for largest installed solar power capacity.

Vietnamese automotive manufacturer VinFast made the global debut of its new electric vehicles VF e35 and VF e36 on November 18 at the Los Angeles Auto Show 2021 in California, the United States.

Phu Quoc Island in the southern province of Kien Giang will serve international tourists using vaccine passports this weekend.

Vietnamese Minister of Industry and Trade Nguyen Hong Dien has hailed Israel as a promising market of Vietnam in West Asia.

National flag carrier Vietnam Airlines will operate its first regular commercial flight to the US from November 28.

Trade has become a pillar of the growing bilateral relationship between Vietnam and the US, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Hoang Quang Phong said on November 16.

Luxrobo, a robotics company from the Republic of Korea (RoK), has initiated plans to expand its presence in Vietnam by bringing MODI smart construction toys to the billion-dollar market.

The Vietnamese stock market’s valuation is equivalent to 18.2 times 2021’s profit and 14.3 times 2022’s profit forecast, said Fiin Trade, showing that the profit prospects for 2021 are reflected in share prices.

Demand for “housing with care” – a range of residential formats (which often provide care services) for older people – is increasing, but the market remains almost untouched in Vietnam, according to property consultancy Savills Vietnam.

The Vietnamese cyber security market, which was previously flooded with solutions developed by foreign businesses, have become more balanced, and domestic firms are tend to be on a better footing.

As the domestic market has been heavily affected by the COVID-19 pandemic, many small steel enterprises experienced a sharp decline in profit in the third quarter of 2021.

Norwegian Ambassador to Vietnam Grete Løchen and Commercial Counsellor Arne-Kjetil Lian recently have handed over the 'Vietnam Supply Chain Study Report' to Vietnamese Minister of Industry and Trade Nguyen Hong Dien.

Despite Vietnam facing challenges in restarting its economy following a prolonged lockdown, positive dynamics observed in October would suggest continued pickup and strengthening of growth in coming months, according to the World Bank.

Prices of consumer staples in HCM City, the country's largest economic hub, have been on the rise since the beginning of November, reported the Vietnam News Agency.

The US Transportation Security Administration will make evaluation of aviation security work in Vietnam serving regular operations of Vietnam Airlines, the Civil Aviation Authority of Vietnam said in a report sent to the Transport Ministry.