Business

Vietnam raised domestic fuel prices from 11 pm on March 24 following a joint decision by the ministries of industry and trade and finance, citing ongoing instability in the Middle East.

The Asian Development Bank (ADB) has announced a financial support package to help developing member countries mitigate economic fallout from the Middle East conflict.

Prime minister Pham Minh Chinh attended the Vietnam-Russian Federation business forum in Moscow on March 24, as part of his official visit to Russia.

Vietnam is considering halving environmental protection tax on fuel products until mid-2026 to ease cost pressures and help control inflation amid volatile global energy prices.

Vietnam is stepping up efforts to diversify fuel supply sources to meet domestic demand as global markets face disruption from Middle East tensions.

Vietnam and France are seeking to expand cooperation in railway development, particularly high-speed rail, following talks in Paris between officials and industry representatives.

Many domestic flights in Vietnam will be cancelled from April 1 as rising jet fuel costs and supply concerns linked to Middle East tensions strain the aviation sector.

Thanh Hoa Province plans to attract investment for 173 projects worth about USD 24 billion between 2026 and 2030, with a focus on renewable energy and infrastructure.

PM Pham Minh Chinh held a working session with Russia’s Novatek Group in Moscow as part of his official visit to Russia, seeking to accelerate cooperation on LNG projects and energy development.

Rising input costs are driving up prices of essential goods in Ho Chi Minh City, prompting consumers to cut spending and prioritise necessities, while retailers move to stabilise the market.

Deputy Prime Minister Nguyen Hoa Binh has begun a working visit to the United States to promote the country’s international financial centre and attract investment.

For an agriculture-based economy such as Vietnam, ensuring stable supply and managing input costs has become increasingly important to safeguard farm production against external shocks.

The challenges posed by the Middle East conflict are not only a shared difficulty but also a test of the resilience and adaptability of Vietnam’s agriculture and environment sector.

Russia remains one of Vietnam’s key economic partners, particularly in industry and energy, according to the Department of Foreign Market Development under the Ministry of Industry and Trade (MoIT).

PV GAS has stepped up imports from Australia and the US to secure LPG supply for April, as global markets fluctuate, while keeping domestic prices unchanged.

A new direct air route between Minsk and Cam Ranh is expected to boost arrivals from Belarus to the southern central province of Khanh Hoa.

Polish meat producers are stepping up their presence in Vietnam, targeting a fast-growing market with rising demand for imported food products.

Vietnam is considering listing silver bullion on its mercantile exchange to standardise trading and improve transparency in a fast-growing market amid volatile global prices.

The international financial centre in Danang has granted membership certificates to 12 investors after two months of operation, as the city pushes to build a regional financial hub.