Business

Grab Vietnam has continued to support the local government and public in the fight against the Covid-19 epidemic in the country.

Nineteen State-owned groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) incurred losses worth more than VNĐ3.7 trillion (US$160 million) in the first quarter of this year due to the impacts of the

Oil prices rebounded Tuesday on fresh hopes an OPEC-led meeting this week will reach an agreement to reduce oversupply and shore up the market.

The Vietnam Oil and Gas Group (PetroVietnam) has reported that its exploitation of crude oil in the first quarter of 2020 exceeded the target by 10 percent.

The Ministry of Transport's recently-issued Decision No.146 has ended the pilot period for app-based taxi services in Vietnam. This has officially allowed all transportation firms to use IT applications in their operations.

Grab has donated USD3m to support the government, the drivers and their restaurants partners amid the Covid-19 outbreak.

Vietnam Airlines will lose some VND50trn (USD2.1bn) in revenues while 10,000 staff are without work due to the Covid-19 outbreak.

Grab announced that it will invest USD500m into the e-economy in Vietnam as the Decree 10 has legalised app-based taxis which will enable app-based taxi firms to operate in more provinces and cities in Vietnam.

Prime Minister Nguyen Xuan Phuc has issued principle approval for the establishment of Vietravel Airlines operated by local tourism firm Vietravel Group.

Vietnam Airlines announced that it will adjust the frequency of its flights from Hanoi/Ho Chi Minh City to Da Nang after the central city requires a 14-day quarantine period for passengers from the two major cities.

The novel coronavirus SARS-CoV-2-caused acute respiratory disease (COVID -19) pandemic has cost many real estate firms trillions of VND from their market capitalisation value.

In the context of the COVID-19 pandemic, Binh Son Refining and Petrochemical Co., Ltd. (BSR) is considering suspending the operation of Dung Quat Oil Refinery due to overloaded stores until the market recovers.

Vietnam’s economic growth rate is expected to slow sharply in 2020, to 4.8%, says a new Asian Development Bank report released Friday.

Up to more than 200 airplanes have been left unused at Vietnamese airports as local airlines have had to restrict flights due to the worsening Covid-19 epidemic.

Hanoi's People's Committee is making plans to develop digital technology companies for 2021-25 and 2026-30.

The agricultural, forestry and fishery sector enjoyed nearly US$2.9 billion in trade surplus in the first quarter of 2020, up 48.9% over the same period last year.

While Viet Nam remains significantly exposed to the COVID-19 outbreak and the ongoing turbulence in the global financial markets, its economy stays resilient to external shocks in the first few months of 2020.

Up to 18,600 businesses were forced to suspend operations in the first quarter of 2020 due to the COVID-19 pandemic, up 26 percent year on year, reported the General Statistics Office (GSO).

The authorities in Da Lat City have started a forced removal of an illegally-built four-star resort project at Tuyen Lam Lake.