Business

Domestic retail petroleum prices decreased at 3 pm today, August 8, following a decision by the Ministry of Industry and Trade and the Ministry of Finance.

Facilitating the foreign direct investment flows is an effective solution to drive the development in the Mekong Delta region, according to insiders.

The HCM City People Committee has decided to give interest rate subsidies for loans for priority projects to bolster the city’s socio-economic growth.

Finance Minister Ho Duc Phoc introduced Vietnam’s stock market potential in Singapore, saying the country is trying to meet the criteria for upgrading the stock market in the near future.

Postal companies are expected to see mixed revenue results in the first half of 2024, amid the strong growth of the e-commerce industry.

The Civil Aviation Authority of Vietnam has urged carriers to increase the hunt for aircraft rentals to meet rising travelling demand in the remaining months of this year.

Vietnamese leading investors like Vingroup, TH Group, FPT, and Vinamilk have affirmed their intention to continue expanding their investments abroad in the coming time, given their effective business activities in the host countries.

Vietnam is expected to maintain a trade surplus for the ninth consecutive year in 2024, given its export growth in the remainders of the year equal to that during January-July, according to experts.

The elevated section of the Nhổn-Hanoi Urban Railway Project will open for commercial operations on Friday.

Costa Rica's diplomatic note recognizing Vietnam as a market economy is viewed as a positive step in the context that the country is asking a number of trade partners to recognise its market economy status.

Former chairman of FLC Group Trịnh Văn Quyết has been sentenced to 21 years in prison for fraudulent appropriation of property and stock market manipulation.

Foreign entities and individuals can now own up to 30% of the residential apartments in a building, including mixed-use developments, under a new decree effective on August 1.

Tokyo led a collapse across Asian equities Monday, while the yen hit a six-month high after weak US jobs data fanned fears of a recession in the world's top economy and boosted bets on several Federal Reserve interest rate cuts.

The billion-USD Halal market, fueled by a surging global Muslim population, is considered one of the drivers for Vietnam's exports in the future.

China has issued a set of directives aimed at boosting household consumption, a weakness weighing on growth in the world's second-largest economy, with the plan targeting sectors including child and elder care, and food and beverage.

Many Vietnam’s agricultural products have been placed under stricter food hygiene and safety controls by the European Union since the beginning of this year, an official has said.

Vietnamese businesses exported 5.18 million tonnes of rice during the first seven months of the year, earning US$3.27 billion, according to the Ministry of Agriculture and Rural Development.

Vietnam's wood industry has showed signs of recovery in the first months of 2024, and this positive trend continues, bolstered by an increase in orders from traditional markets and progress towards achieving export targets set for the year.

Vietnam requests the US to continue implementing its commitment to broad, strong and constructive coordination and to soon recognise the market economy status of Vietnam, Spokeswoman of the Ministry of Foreign Affairs Phạm Thu Hằng has said.