Business

The Office of the United States Trade Representative (USTR) on July 23 issued a formal determination in the Vietnam Currency Section 301 investigation, under which the agency will not take any tariff action against Vietnam.

Con Dao Island’s airport in the southern province of Ba Rịa-Vung Tau is expected to be expanded to receive larger aircraft and increase its capacity to two million passengers a year.

HCM City Department of Industry and Trade has worked with a transportation firm to turn five buses into mobile grocery stores.

The island district of Ly Son in the central province of Quang Ngai is facing an inventory of around 1,800 tonnes and if the situation lasts long, local growers would face serious losses.

Son La province held a ceremony on July 21, in Song Ma district, to announce the decision granting certificates of trademark registration for the "Son La longan" and to cut the ribbon to send off the batch of Song

Vietnam Railways (VNR) on July 20 added a new rail freight link from Vietnam to Belgium, with the first train departing from Yen Vien station, Hanoi, and expected to arrive at Liege City in Belgium.

The Asian Development Bank is projecting 7.2% economic growth for developing Asia this year, compared with its 7.3% forecast in April, as renewed coronavirus disease (COVID-19) outbreaks slow the recovery in some economies in the region.

Facing the complicated COVID-19 situation, Vietnam Airlines said it has built a feasible business plan with a view to earning VND37.364 trillion (over US$1.6 billion) in consolidated revenue this year, equivalent to 88.4% of the 2020 figure.

Vietnam has become the fifth largest supplier of coffee to the Austrian market and the largest foreign provider of coffee outside of the EU, according to data compiled by the Ministry of Industry and Trade.

Corporate bonds issuances have been on an uptrend in June, led by banking and real estate groups.

With the development of technology and Internet connectivity, remote work has become popular during the COVID-19 pandemic. Employees can work anywhere, at any time instead of being at the office for eight hours.

The rent for ground floor and first floor spaces in Hanoi and HCM City has fallen amid the ongoing Covid-19.

The Vietnamese market with a population of nearly 100 million is attracting both foreign and local food suppliers, with many local exporters turning to the domestic market to overcome this difficult COVID-19 period.

The State Bank of Vietnam (SBV) has permitted several commercial banks to increase their credit limits in the final months of 2021 to boost economic growth.

HCM City Department of Industry and Trade has called for firms to help open 1,000 shopping points after supermarket reported their warehouses were full and major wholesale markets are closed.

Vietnam has recently entered the top 20 countries globally in terms of foreign direct investment attraction after recording US$16 billion last year, as stated within the World Investment Report 2021 released by the UN Conference on Trade and Development.

The La Gan Wind Power Development Corporation, developer of the 3.5 GW La Gan Offshore Wind Power Project on Thursday signed a major offshore geological survey contract worth several USD millions with Vietsovpetro, a company part-owned by PetroVietnam.

Mobile sales have been launched in HCM City, which has remained Vietnam’s largest Covid-19 epicentre.

Vietnam exported approximately 3.03 million tonnes of rice worth US$1.65 billion during the first half of the year with the average rice export price increasing 11.7% to roughly US$544.4 per tonne, according to the General Department of Vietnam Customs.