Business

Bamboo Airways will launch two direct routes connecting Munich - Germany's third-largest city - with Vietnam's Hanoi and Ho Chi Minh City in the middle of this year.

Commercial banks in Vietnam have provided assistance to more than 44,000 business customers affected by the coronavirus outbreak by delaying loan repayments, lowering interest rates, cutting fees and introducing new credit programmes.

Samsung Vietnam has announced the commencement of construction on a new 220 million USD research and development (R&D) centre in Vietnam, with completion scheduled for late 2022.

National flag carrier Vietnam Airlines has decided to halt all of its flights from and to South Korea from March 5 due to coronavirus outbreak.

Nearly 16,200 businesses suspended operations in the first two months of this year, up 19.5 percent annually, reported the General Statistics Office.

The February consumer price index slipped 0.17 percent from the previous month due to falling demand for goods after Tet holiday, falling petrol prices, and the Covid-19 outbreak, according to the General Statistics Office.

The recently ratified EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) will give the Vietnamese business community an opportunity to improve its competitiveness in global value chains.

As many as 40% of planes of the national flag carrier Vietnam Airlines are being left idle and leaders' wages cut by 40% amid falling customers due to the virus outbreak.

The retail prices of petrol were reduced as from 3pm on February 29 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance, making it the fourth consecutive reduction since the beginning of 2020.

COVID-19 makes it a good time for businesses to look into new ideas and unite to overcome a hairy problem.

More than 3,000 overseas Vietnamese had invested VNĐ45 trillion (US$1.94 billion) as of the end of last year in HCM City, an official said at a meeting yesterday in the city.

A hotel chain in Hanoi has had to temporarily shut following big losses due to fears of coronavirus.

Foreign direct investment inflows to Viet Nam in the first two months of 2020 were estimated at US$6.47 billion, down 23.6% against the same period last year, according to a report by the Foreign Investment Agency (FIA) under the

Construction started on February 27 on the My Thuan Bridge 2 to connect the Trung Luong-My Thuan and My Thuan-Can Tho expressways between Ho Chi Minh City and Can Tho, linking the two economic powerhouses of the southern region.

Vietnam and China has agreed to reopen more border crossings to reduce the large number of container trucks queuing for customs clearance as a result of the new coronavirus (SARS-CoV-2) outbreak.

Vietnam has so far granted licences to 460 US producers of meat and meat products and 210 exporters of aquatic products, said Deputy Minister of Agriculture and Rural Development Le Quoc Doanh.

A 40-strong business delegation from the US will launch an investment promotion programme in Vietnam from March 3-6, aiming to expand trade and investment cooperation in the Southeast Asian country, according to an official from the US-ASEAN Business Council.

The Asia-Pacific Quality Organisation (APQO) has announced the official launch of the 2020 Global Performance Excellence Award (GPEA).

Services and retail are forecast to attract a large amount of Japanese direct investment into Vietnam this year.