Business

The aviation sector can only recover in 2021 according to an official from the Ministry of Transport.

Many tourist boats in Ha Long and Bai Tu Long bays in the northern province of Quang Ninh are facing big losses since resuming operations after the suspension due to Covid-19.

Overseas remittances to Vietnam this year have been forecasted to fall by 17% this year due to the Covid-19 pandemic, according to a local economist.

The Civil Aviation Administration of Vietnam (CAAV) has notified Vietnamese airlines that seat distancing and restrictions on passenger numbers are to be abolished from 00:00 on May 7.

HCM City has proposed the Ministry of Planning and Investment the construction of a metro project which has a total investment of VND68 trillion (USD2.95 billion).

Many restaurants in Hanoi have become packed again after being re-opened as the country has basically controlled the Covid-19 pandemic.

Prime Minister Nguyen Xuan Phuc has requested striving for an economic growth of over 5 percent and controlling inflation below 4 percent this year.

The northern province of Quang Ninh has maintained its top place for three consecutive years in the Provincial Competitiveness Index (PCI) 2019.

Vietnam posted total export revenue of US$82.94 billion in the first four months of this year, up 4.7% over the same period in 2019, the Ministry of Industry and Trade announced on May 4.

Many firms in the aviation, oil and agriculture sectors have reported big losses in the first three months of 2020.

Some oil-hungry Asian nations are taking advantage of the collapse in prices caused by the coronavirus pandemic to build up their crude stockpiles.

The luxurious car market is expected to develop strongly this year, despite the automobile industry facing challenges due to the COVID-19 pandemic, causing automakers to suspend or reduce production.

Enterprises in the southern provinces of Việt Nam that have resumed operation after the end of the social distancing period are facing a shortage of workers.

Amid the ongoing negative coronavirus impact, huge swathes of local small and medium-sized enterprises (SMEs) are paying close attention to digital solutions that utilise artificial intelligence technology to increase exports by connecting buyers globally via e-commerce channels.

The Ministry of Industry and Trade announced on May 1 that the Chinese authorities had reopened the Pu Zhai Border Gate which is linked with Vietnam's Tan Thanh Border Gate for trade earlier than scheduled.

Hanoi licensed 235 new foreign-invested projects with a total registered capital of VD324 million in the first four months of 2020.

The Da Nang Hi-Tech Park and Industrial Zones Authority has offered bidding documents for preliminary selection of investors for infrastructure development of three industrial zones in 2020-2023.

Vietnam exported 415.7 million face masks worth 63.19 million USD from January 1 to April 19, according to the General Department of Customs.

After social distancing period ends, rainbow trout prices in Sapa, Lao Cai Province, have started to rise quickly.