Business

The budget airline Vietjet Air has reported losses of over VND2trn (USD86m) in the first half of 2020.

The US, China, EU, ASEAN, Japan and the Republic of Korea were the biggest importers of Vietnamese goods in the first seven months this year, according to the General Statistics Office.

Vietnam has emerged as a popular destination for industrial property projects as increased labour costs, trade disputes and COVID-19 prompt global manufacturers to vary their supply chains throughout Asia, according to CBRE.

Major home appliance maker LG Electronics Inc. is considering building a new research and development (R&D) centre in Vietnam, while simultaneously expanding its existing facility in Haiphong.

The European Union – Vietnam Free Trade Agreement - the most comprehensive trade agreement the EU has signed with a developing country, will take effect from August 1, a press release of the European Commission stressed.

The total export value of Vietnamese tra fish to the UK in the first half of 2020 rose 7.3% compared to the same period last year despite the impacts of the COVID-19 pandemic.

Prime Minister Nguyen Xuan Phuc hosted a reception on July 29 in Hanoi for groups and businesses from the Republic of Korea (RoK) that are investing in Vietnam.

The Consumer Price Index (CPI) in July increased 0.4% compared to the previous month, according to the General Statistics Office.

Many people are cancelling tours across Vietnam due to rising fears for the new virus outbreak in Danang.

The Cotton Corporation of India (CCI), which is holding surplus stocks of cotton just ahead of the next harvest season, is trying to boost exports of cotton to Bangladesh and Vietnam.

The Government has issued a resolution approving the first protocol that amends the ASEAN Trade in Goods Agreement (ATIGA).

The Vietnam Tourism Association has decided to suspend the organising of the Vietnam International Travel Mart 2020 scheduled to take place in the central city of Danang next month following the new Covid-19 cases in the city.

The Ministry of Industry and Trade (MoIT) has applied anti-dumping measures on some products with biaxially oriented polypropylene (BOPP) film originating from China, Thailand and Malaysia.

E-wallet service providers want to extend the deadline for users to complete identity verification.

All international flights to the central city of Danang have been ceased after a local man has been tested positive for Covid-19 three times.

A speciality tea from the northern mountainous province of Ha Giang will be exported to Europe for the first time.

Son La Province has exported 10 tonnes of red heart dragon fruit to Russia after successfully exported a large amount of mango and longan to China, Australia, the US and the EU.

Pacific Airlines which was earlier known as Jetstar Pacific have apologised to passengers who have been affected by the change in its ticketing system.

Many major tourist sites in Vietnam are jammed at this time of the year when people flock for summer holidays after the Covid-19 pandemic.