Business

Many banks have gained significant profit increases from foreign exchange trading this year, figures show.

Provinces and cities are gearing up for the coming Tet (Lunar New Year) holiday to ensure an adequate supply of essential goods with the COVID-19 pandemic still developing globally.

The development of Long Thành International Airport is expected to directly affect the real estate market in the southern province of Đồng Nai and neighbouring areas.

Vietnamese tuna exports to the United States have enjoyed a sharp rebound following a period of enduring a constant decline, according to figures released by the Vietnam Association of Seafood Exporters and Producers.

The total export value of the agricultural, forestry and fishery sectors in the first ten months of 2020 reached US$33.56, a year-on-year increase of 1.1%, according to the Ministry of Agriculture and Rural Development (MARD).

The nation’s digital economy reached a figure of US$12 billion in 2019, with the sector anticipated to record rapid growth in the coming years to reach a figure of US$43 billion by 2025.

Remittances sent to Ho Chi Minh City by overseas Vietnamese are anticipated to reach a figure of approximately US$5.5 billion, representing a year-on-year rise of 8%, according to figures released by the State Bank of Vietnam’s city branch.

Vietnamese automobile makers import 80% of spare parts according to the Ministry of Industry and Trade.

Many kinds of Vietnamese fruits are flooding streets in HCM City because of the sharp decline in exports to China.

The Vietnam CEO Forum 2020 is scheduled to take place on November 19 with 6,000 entrepreneurs nationwide set to participate in the event, according to a press conference held on November 3 to unveil details about the event.

The garment and textile sector will still face difficulties in the last months of 2020 due to a lack of clients.

A business networking event to promote connection of technology supply and demand between enterprises of Vietnam and the Republic of Korea (RoK) took place in the northern port city of Hai Phong on November 3.

Telecom providers Viettel and Mobifone have received licences from the Ministry of Information and Communications (MIC) to commercially test fifth-generation (5G) broadcast in Hanoi and HCM City.

Cambodia has exported more than 1.4 tonnes of rice paddy to Vietnam over the past 10 months, according to the Cambodian Ministry of Agriculture.

The agriculture sector has aimed for USD40bn in export revenue for 2020 despite various difficulties because of Covid-19 and natural disasters.

The State Bank of Vietnam is drafting a circular regarding cashless payments which might allow domestic commercial banks and domestic intermediary payment companies to co-operate with foreign intermediary payment companies to provide international payment services.

The Ministry of Planning and Investment has announced the second economic simulation package which will be used to spur the recovery of the aviation and tourism sectors.

Vietnam hopes to make economic cooperation truly an important driver for its relations with Japan, the US, and Australia, Head of the Party Central Committee’s Economic Commission Nguyen Van Binh said on October 30.

National flag carrier Vietnam Airlines has just announced to relaunch three more domestic routes to meet the rising travel demand.