Business

Vietnam ranks second in Southeast Asia for M&A transactions

The country has risen to the second place in terms of mergers and acquisitions (M&A) transactions with total domestic investment of US$872 million, the majority of which was driven by US$651 million worth of investment from Vinhomes, received from

VNR launches app to sell tickets

The Vietnam Railways Corporation (VNR) officially launched an application to buy train tickets and pay online on smartphones from July 15 to improve customer services.

HCM City optimistic about tourism growth

HCM City Department of Tourism has expressed optimism about the local tourism after Covid-19 during a question and answer session with the deputies from HCM City People's Council.

Vietnam Airlines continues to launch new routes

Vietnam Airlines will launch two new domestic routes and re-open two others from July 22.

Vietnam needs to be cautious in second half of 2020: CIEM

The Central Institute for Economic Management said with good results in preventing the pandemic and the chance for economic recovery, Vietnam still needs to be cautious in the second half of the year.

Forestry exports will not be lower than 12 billion USD: Official

Forestry exports will be no lower than 12 billion USD this year, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan told a meeting in Hanoi on July 10.

General Statistics Office announces employment data

As many as 1.2 million people have been laid off in the first six months of this year due to Covid-19 pandemic.

Southern region to face severe electricity shortage

The southern region may face severe electricity shortage starting from 2021, according to the Electricity of Vietnam Group.

Con Dao Airport extension project to cost VND2.3trn

The runway extension project at Con Dao Airport will reclaim 120 metres from the sea and cost VND2.3trn (USD99m).

Many industrial zones left idle wastefully

Many industrial zones have been left unused for years, according to the Ministry of Planning and Investment.

RoK entertainment firm to open first overseas outlet in Vietnam

SM Entertainment, one of the largest entertainment companies in the Republic of Korea (RoK), plans to open its first store in Vietnam, based in the southern hub of Ho Chi Minh City.

People flock to sell gold as prices rocket

Many people have rushed to sell gold to take advantage of rocketing prices.

Ha Long tour boats at risk of closing due to lack of customers

Many tour boats in Ha Long Bay may have to close and go bankrupt, said Chairman of Quang Ninh People Committee Nguyen Van Thang at a meeting session with the provincial people's council.

HCM City bus co-operatives face suspension due to financial difficulties

Many bus co-operatives in HCM City may suspend operations from August 15 due to financial difficulties.

Vietnam’s public investment estimated at VND156 trillion in first half

Vietnam’s public investment disbursement in the first half of 2020 was estimated at VND156 trillion (US$6.7 billion), according to the Ministry of Planning and Investment (MPI).

Tourism development must take into account COVID-19 situation: PM

Prime Minister Nguyen Xuan Phuc has asked the Ministry of Culture, Sports and Tourism to work with cities and provinces on post-COVID-19 tourism recovery scenarios.

Coffee industry earns US$1.6 billion in first half of 2020

Coffee exports in the first half of 2020 earned an estimated US$1.6 billion, a year-on-year rise of 2.5%, according to the Import-Export Department under the Ministry of Industry and Trade.

Three-fourths of Vietnamese consumers prefer local goods

A recent study by Nielsen showed that up to 76 percent of Vietnamese consumers prefer locally made products.

Banks restructure VND384 trillion worth of loans for HCMC businesses

Loans worth a total of VND384 trillion (US$16.5 billion) have been restructured by commercial banks to support businesses in Ho Chi Minh City hit by the coronavirus pandemic.

Domestic property market faces uncertainty

The domestic real estate market is hoped to have growth in the fourth quarter of this year and before the Lunar New Year 2021 if, by this year-end, the domestic economy is restored to levels from before the COVID-19 pandemic.

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