Business

JSC RZD Logistics, a subsidiary of Russian Railways, said it will organise trains from Russia to Vietnam’s Yen Vien station through China.

The feasibility study for Tan Son Nhat International Airport’s runway upgrade has been submitted to the Ministry of Transport for consideration.

The People's Committee of Quảng Trị has approved in principle for Đông Nam ICD JSC to develop a logistics centre, expected to cost more than VNĐ2 trillion (US$86 million), in Hải Quế Commune’s East South Quảng Trị Economic Zone.

The central province of Thua Thien-Hue has reduced entrance fees to local tourist sites by 50% to lure more visitors.

The southern province of Ba Ria-Vung Tau has for many years been an ideal destination for foreign investors thanks to its natural advantages and comprehensively developed infrastructure in addition to attractive incentives.

Members of the Vietnam Airlines Group, including Vietnam Airlines, Jetstar Pacific and Vietnam Air Service Company (Vasco) plan to increase the frequency of flights from May 16 to meet the increasing travel demand of passengers after the COVID-19 outbreak ends.

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.