Business

The bus rapid transit route in Hanoi is incurring rising losses after four years of pilot operations.

Farmers in the southern province of Soc Trang are facing difficulties in selling purple onions due to the competition from Thailand and China and the impact of Covid-19.

More than 100 businesses in the northern mountainous province of Lao Cai have jointly participated in a tourism stimulation programme, aimed at attracting more visitors to the locality.

Vietnam’s electronics exports have enjoyed robust growth in recent times, with foreign firms holding 95% of Vietnamese electronics export value, according to figures released by the Ministry of Industry and Trade.

Nha Trang City in the southern central province of Khanh Hoa is witnessing a sharp rise in the number of tourists after the Covid-19 pandemic has been brought under control in Vietnam.

The real estate frenzy across the nation has pushed land prices to record heights, while lenders are taking a vigilant approach. However, tightening real estate loans may not be the magic bullet to rein in buyers.

By the end of March, over 1,000 firms owe months of social, health and unemployment insurance payments in Quang Ngai valued at VND179bn (USD7.7m).

Prime Minister Pham Minh Chinh has hosted a working session with the State Bank of Vietnam (SBV), during which the cabinet leader urged the banking sector to promote its achievements for even better results in the near future.

More than 80 state-owned and private enterprises from Vietnam and the US discussed cooperative opportunities at a recent virtual conference as both sides are making preparations for the launch of direct flights between the two countries.

Hanoi has compiled a plan on attracting between 30 and 40 billion USD worth of foreign direct investment (FDI) during the 2021-2025 period, an official has said.

Vietnam ranks 13th worldwide in mango productivity and the country is seeking ways to boost the fruit’s export value.

The Vietnamese railway sector is offering big promotions for passengers during the summer.

After two years of implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the use of the deal to generate benefits for the economy and businesses has remained modest, according to insiders.

Colombia is viewed as a potential market and ranks fifth among the largest Vietnamese export markets in Latin America, with two-way trade turnover increasing from US$42.95 million in 2007 to US$509 million in 2019.

Citigroup – the parent firm of Citibank – has announced that it would withdraw its retail banking division from 13 markets in Asia, Europe, the Middle East, and Africa, including Vietnam.

The US Treasury has removed Vietnam and Switzerland from the list of countries labeled as currency manipulators, reversing a decision of the administration under President Trump last December.

Vingroup is seeking to build an auto and spare parts manufacturing complex, including port infrastructure in the central province of Ha Tinh.

The Covid-19 outbreak that occurred at the first months of this year badly affected over 9.1 million people over 15 years old, the General Statistics Office of Vietnam announced in its Q1 employment report.

The Trungnam Group put into operation a wind power plant in Loi Hai and Bac Phong communes, Thuan Bac district, south-central Ninh Thuan province, on April 16.