Business

President Nguyen Xuan Phuc witnessed the signing of a contract to provide aircraft and engine maintenance service worth US$260 million between new-generation airline Vietjet and CFM International, on September 21 (local time) in the framework of his on-going working

Vietnam may attract about 30 billion USD in foreign direct investment (FDI) in 2021, posting a year-on-year rise of 2 percent, economists forecast, pointing to positive signs in FDI attraction in the first eight months of 2021 despite the

National flag carrier Vietnam Airlines said it has completed all necessary documents to be approved by the United States Transportation Security Administration (TSA) to conduct regular direct flights to the US.

Electric cars are an irreversible trend in the auto industry and are expected to grow strongly. To take advantage of this, the Vietnam Automobile Manufacturing Association (VAMA) has outlined plans to develop the local electric car industry.

The HCM City administration has mandated that construction works in low-risk COVID-19 infection areas could resume after September 30 if they meet safety requirements.

The pandemic as a force majeure event has crippled people’s ability to meet loan repayment requirements, the State Bank of Vietnam and commercial lenders have taken measures to deal with worrisome property assets.

Many firms are worried about labour shortages after resuming operations after the social distancing period.

Finance Minister Ho Duc Phoc has affirmed that the State budget is enough for expenditures planned by the National Assembly (NA) and the Prime Minister.

Many mini apartments have been put on sale in Hanoi as the rental sector has collapsed during the Covid-19 pandemic.

Foreign investment into Vietnamese startups is predicted to increase although the COVID-19 pandemic has left negative impacts on the economy, according to experts.

The long-delayed Cát Linh - Hà Đông urban railway project needs an additional US$7.8 million for supervision and consulting costs, according to the Ministry of Transport.

The Australian Government has announced a grant of nearly 1.4 million AUD (around 1 million USD) for four Vietnamese high-tech application projects in the field of digital transformation, through the Aus4Innovation Programme.

If the COVID-19 pandemic is put under good control in September, the country’s gross domestic product (GDP) growth may reach 3.5-4 percent in the whole year, said Minister of Planning and Investment Nguyen Chi Dung.

HCM City has sent an urgent request to the Ministry of Planning and Investment for a VND17.2trn (USD753m) state fund allocation to complete three key projects in the city.

The Vietnam Railway Corporation has proposed to borrow VND800bn (USD35m) to maintain operations.

Vietnam will impose a zero percent tax rate on 31 commodities imported from Cambodia such as live poultry, poultry meat and by-products, lemons and rice.

Minister of Planning and Investment Nguyen Chi Dung says his Ministry is considering revising Vietnam’s economic growth rate target to between 3.5% and 4%, as opposed to the 6.5% originally expected, due to the negative impact caused by the

Demand for mooncakes has taken a sharp fall this year due to social distancing for Covid-19 prevention.

The Civil Aviation Authority of Vietnam (CAAV) have submitted to the Ministry of Transport a three-phase plan to reopen the domestic flight routes.