Business

More than $10 billion per year to develop the power sources and grid in the 2021-2030 period

The demand for investment capital for the development of power sources and grids will average US$10-11.5 billion per year by 2030.

Air and rail tickets sell well after services resume

Both air and railway tickets have been sold very well after fights and railway services resumed following a long halt due to Covid-19.

Vietnam reports high unemployment rate due to Covid-19

The Covid-19 pandemic has negatively affected the labour situation in Vietnam with the unemployment and underemployment rate rising to the highest level since the first quarter of 2020.

WB lowers Vietnam’s GDP growth forecast to 2-2.5 percent this year

Vietnam’s GDP growth forecast for this year has been lowered to 2-2.5 percent, according to the World Bank's October 2021 Vietnam Macro Monitoring.

90 percent of firms in Binh Duong expected to resume operation in late October

The southern province of Binh Duong is striving to have 90 percent of its enterprises resume operations by the end of this month, and 100 percent by the end of this year.

Ministry suggests designating Bamboo Airways to run regular flights to US

The Transport Ministry has suggested the Foreign Ministry send a diplomatic note to the US on the designation of Bamboo Airways as an operator of regular flights between Vietnam and the US.

Con Dao airport to be upgraded to serve larger aircraft

The Civil Aviation Authority of Vietnam has submitted a proposal to the Ministry of Transport on investing in a project to upgrade Con Dao airport in the southern province of Ba Ria - Vung Tau, enabling it to receive

Vietnamese startup in automated invoicing raises 3 million USD

The developer of Bizzi, a software as a service (SaaS) which simplifies invoice processing, has successfully raised 3 million USD during a pre-Series A round.

Central bank proposes new law on bad debt settlement

The State Bank of Vietnam (SBV) has proposed to issue a separate law on bad debt settlement.

Vietnamese, German start-ups meet at AsiaBerlin Summit 2021

An event connecting Vietnamese and German start-ups for sustainable development took place, both online and offline, within the framework of the AsiaBerlin Summit 2021 from October 4-10.

Measures suggested to boost GDP growth amid COVID-19

The General Statistics Office has proposed the Government prioritise effective pandemic prevention and control, and continue aid packages for enterprises in a bid to boost GDP growth given difficulties caused by COVID-19.

Vietnam Motor Show 2021 likely to be delayed till 2022

Vietnam Motor Show 2021 (VMS 2021) is likely to be postponed until next year due to the complicated developments of the COVID-19 pandemic.

Singapore becomes leading investor in Vietnamese manufacturing sector

By September 2021 Singaporean financiers have injected US$23.5 billion across 690 projects in Vietnam’s processing and manufacturing industry, accounting for nearly 40% of Singapore’s total investment capital in the country, according to the Foreign Investment Agency.

GrabCar Protect launched in HCM City

Grab Company has just announced the resumption of GrabCar operations in the Covid-19 epicentre of HCM City with its new GrabCar Protect service.

Jan-Sept seafood export value up 2.4% on-year despite pandemic

Vietnam exported 1.41 million tonnes of seafood products worth USD6.16 billion in the first nine months of this year, down 0.71 percent in volume but up 2.4 percent in value on-year.

Apartment prices to go up 5 – 7 percent annually in 3 years: CBRE

The primary prices of apartments are likely to increase about 5 – 7 percent annually over the next three years due to higher product positioning and expectations for more launches of high-end apartments in prime and central locations.