Business

Strengthening the dynamics of micro, small, and medium-sized enterprises with innovation and internationalization will be key to revitalizing Southeast Asian economies devastated by the COVID-19 pandemic.

Asian Development Bank (ADB) President Masatsugu Asakawa today urged Southeast Asian countries to expand investments in digital infrastructure and ensure equitable access to technology as economies recover from the coronavirus disease (COVID-19) pandemic.

Authorities in the southern province of Dong Nai have handed over more than 1,800 hectares of cleared land for the first phase of the Long Thanh International Airport project.

Cathay Pacific is to slash up to 5,900 jobs and shutter its Cathay Dragon subsidiary, the Hong Kong carrier said Wednesday, joining a growing list of airlines making swingeing cuts as they reel from the coronavirus pandemic.

Vietnam Airlines Group announced that procedures for passengers to and from Con Dao Island with a transit flight will be simplified from October 20.

Prime Minister Nguyen Xuan Phuc announced that 2020 marks a successful year for Vietnam during an address at the year-end session of the National Assembly on October 20, noting the special results achieved throughout the year.

Vietnamese businesses could increase exports to India by US$633 million annually, the Standard Chartered Trade Opportunity Report has revealed.

Vietnam Airlines is set to add more flights on its domestic routes to meet increasing travel demand, said a representative of the national flag carrier.

Various kinds of handicraft products are being introduced and put on sale at the Hanoi Gift Show 2020 which is being held at the National Architectural Planning and Construction Exhibition from October 15 to 18.

Vietnam's gross domestic product (GDP) is estimated to reach USD340.6 billion this year, making it the fourth-largest economy in Southeast Asia

Pork prices in Vietnam have been on a drastic decrease thanks to abundant supply.

Market Management Department in Can Tho Province has destroyed smuggled and low-quality beer.

HCM City authorities have set new development goals to make the city into a financial centre by 2045.

Up to 47 overseas investment projects by Vietnam’s state-owned enterprises incurred losses of around USD1 billion by the end of last year.

HCM City authorities have agreed to set up paid quarantine areas for Covid-19 prevention at 14 additional local hotels following the municipal Department of Health’s proposal.

The number of billionaires in Viet Nam increased by two from four in the April’s list to six on Forbes magazine's 2020 list of the world's richest people.

The national flag carrier Vietnam Airlines said on October 13 that it had lost 10.75 trillion VND (463.7 million USD) in the first nine months of this year.

Thanks to its advantages regarding security, infrastructure and labor source, Viet Nam has impressed billion-dollar businesses around the world, with a number of global giants planning to choose the country as the location for their production bases and headquarters

Many banks have cut deposit interest rates after the State Bank of Vietnam lowered the ceiling levels of interest rates from October.