Business

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

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).

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 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.

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

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.

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.

Indonesia ride-hailing app GoJek is planning to abandon its local name in Vietnam as it seeks to strengthen operations and brand awareness.

The Ministry of Transport has proposed to resume toll collection at the Trung Luong Expressway to ensure traffic safety and increase state budget.

Vietnam exported US$3.5 billion worth of fishery products in the first half of 2020, down 10% compared to the same period last year as the coronavirus pandemic slashed demand for Vietnamese seafood.

Ly Son Island garlic has been given a geographical indicator in order to protect the farmers' rights.

Japanese-imported pork products are proving popular in the Vietnamese market despite costing 4-5 times more than local products.

More than 6,000 workers of the Taiwanese company, PouYuen, in HCM City have been laid off due to the company's business difficulties during the Covid-19 pandemic.

Prime Minister Nguyen Xuan Phuc asked for consistently following the target of controlling the inflation rate under 4% in 2020 during his meeting with the National Steering Committee on Prince Management on July 1.

A batch of 2,470 pigs from Thailand has been imported into Vietnam.

A national Vietnam Grand Sale 2020 promotional campaign has been launched with an aim to boost domestic consumption.

The Vietnamese Government has made bold and reasonable decisions to fight against the COVID-19 pandemic and be proactive with comprehensive initiatives for economic recovery.

As of June, 30.8 million people aged over 15 have been laid off, lost jobs or got fewer wages due to fewer work hours because of Covid-19, according to the Department of Employment.

The consumer price index (CPI) saw a year-on-year increase of 4.19% in the first six months of 2020, reaching the peak in the 2016-2020 period, the General Statistics Office (GSO) reported.