Business

Electricity price reductions estimated at 1.57 trillion VND to support customers

Reductions in electricity prices from June to the end of this year to support customers to overcome the difficulties caused by the COVID-19 pandemic are estimated to total 1.57 trillion VND (67.74 million USD), according to Vietnam Electricity (EVN).

Vinh Long province tops 2020 open budget index rankings

The 2020 Provincial Open Budget Index (POBI) has the average score of 69.09 out of 100 points, up 3.54 points from the previous year, with the Mekong Delta province of Vinh Long topping the rankings.

Over 500 firms in Bac Ninh resume operation

More than 500 firms in Bac Ninh Province have resumed operation after having closed for Covid-19 prevention.

Vietnam Airlines to sell 11 aircraft

The national flag carrier Vietnam Airlines has announced the plan to sell 11 A321ceo aircraft made in 2004, 2007 and 2008.

Vietnamese economy to expand 6.7% in 2021: Standard Chartered

Vietnam’s GDP growth rate is projected to reach 6.7% in 2021 and climb to 7.3% in 2022, one of the best performers in the world amidst the COVID-19 pandemic, according to Standard Chartered.

Nearly 60,000 firms temporarily suspend, stop operations in five months

As many as 59,800 businesses temporarily suspended or stopped their operations to await dissolution procedures and completed dissolution procedures in the first five months of 2021, up 23 percent year-on-year.

Indian economy contracted by record 7.3% in 2020-21

India's economy contracted 7.3 percent in 2020-21, official data showed Monday, its worst recession since independence as coronavirus lockdowns put millions out of work.

Custom watchdog tightens control over origin fraud of Vietnamese rice

The Ho Chi Minh City Customs Department has detained three shipments of rice passing through Cat Lai port after detecting signs of fraud relating to their Vietnamese origin.

Tourism employees hit hard by Covid-19

Many people working in the tourism sector are trying to seek other work after being unemployed by the Covid-19 pandemic.

Cement stocks struggle despite surge in product price

While many stocks in the building materials sector like steel or plastic have surged recently, cement stocks are still hovering around a low price zone.

Vietnam's industrial production grows despite pandemic

The production of key industrial products, except mining activities, have continued to maintain good growth momentum in the first five months of this year despite the COVID-19 pandemic’s hit to industrial parks in the provinces of Bac Giang and

CPI inches up 0.16 percent in May

Vietnam’s consumer price index (CPI) in May was up 0.16 percent against April and 2.9 percent from last year, reported the General Statistics Office (GSO) on May 29.

Hanoians buying lychee to support farmers in Bac Giang

Many people in Hanoi have bought lychees to support farmers in the northern province of Bac Giang, Vietnam’s Covid-19 epicentre.

JICA provides 25 million USD for wind power project in Quang Tri

The Japan International Cooperation Agency (JICA) has recently signed a facility agreement to provide up to 25 million USD for an onshore wind power generation project with a total capacity of 144 MW in the central province of Quang Tri.

Vietnam to halt live pig imports from Thailand

Vietnam will halt the import of live pigs from Thailand from June 30 after detecting African Swine Fever.

AFD provides USD100 million to BIDV to finance energy businesses

BIDV and the French Development Agency (AFD) signed a credit facility agreement of USD100 million on 26 May 2021, aiming at promoting green investments, focused in renewable energy and energy efficiency sectors.

Singapore tops list of foreign investors over five-month period

Foreign investors have pumped approximately US$14 billion into the nation during the opening five months of the year, marking an annual rise of 0.8%, with Singapore taking the lead after making a total investment of US$5.26 billion.

Over 1,000 tonnes of Bac Giang litchi exported amid Covid-19

Over 1,000 tonnes of litchi from Bac Giang Province have been exported despite difficulties caused by Covid-19.

Binh Duong’s per capita income highest in Vietnam

The southern province of Binh Duong surpassed Hanoi and Ho Chi Minh City to top the nation’s per capita monthly income in 2020, the General Statistics Office (GSO) has said.

RoK opens new container route to Thailand, Vietnam

The Republic of Korea (RoK)’s Incheon Seaport Corporation announced on May 24 that it has begun tapping a new container route from Incheon port to ports in Thailand and Vietnam.

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