Business

The Vietnamese stock market has failed to break the crucial 1,300-point threshold despite various efforts, preventing the establishment of a sustainable upward trend.

Authorities of the southern central province of Khanh Hoa have proposed an investment of VND8 trillion (USD314.34 million) to build Van Phong Airport.

The Asian Development Bank (ADB) has slightly raised its economic growth forecast for developing Asia and the Pacific this year to 5.0% from a previous projection of 4.9%, as rising regional exports complement resilient domestic demand.

Air ticket prices have increased since the beginning of July, the peak summer holiday time.

Minister of Industry and Trade Nguyễn Hồng Diên has suggested the International Federation of Freight Forwarders Associations provide practical solutions to assist Vietnamese businesses.

Singapore-based United Overseas Bank (UOB) has maintained its forecast for Vietnam’s economic growth at 6% for the whole year on the back of the recovery of both domestic and foreign demand as well as production sector in the first half.

Many hotels in HCM City have offered attractive discounts to tourists who take night flights to the city.

It is expected that Vietnam will no longer offer tax incentives such as corporate income tax exemption and reduction as of 2025 in a bid to improve the capacity of public finance for infrastructure investment, said Minister of Finance

HCM City would need VND871.2 trillion (USD34.18 billion) for six metro projects, according to the plan for the city’s metro development by 2035.

The European Chamber of Commerce in Vietnam (EuroCham) on July 15 released its Business Confidence Index (BCI) report for the second quarter of 2024, which reveals a marginal decline from 52.8 in Q1 to 51.3 in Q2.

Banks lent more than VND480 trillion (USD18.88 billion) to economic entities in June, demonstrating the sector’s efforts in concretising the Government’s credit goal of 5-6% to the end of Q2.

2024 is the year of tourism recovery and development. The sector this year has been focusing on green and sustainable growth.

Up to 30.7 percent of flights operated by Vietnamese airlines were delayed in June against the rate of just 17.8 percent in May.

Over 350 local and regional app and game developers gathered in Hanoi on July 11 to discuss how to boost their business growth with the help of AI.

The local automobile market is expected to bounce back in the last months of 2024 if a proposal to cut registration fees by a half for domestically manufactured and assembled cars is approved.

Retail prices of petrol were slightly slashed on Thursday afternoon after four consecutive increases.

Pig prices in Vietnam have reached their highest level over the past two years, benefiting local livestock firms.

The construction sector recorded a 7.34% expansion in the first six months of 2024, the highest in the first half of a year in the 2020-2024 period.

The capital city of Hanoi plans to add eight industrial clusters to its industrial cluster development plan for 2020 with a vision to 2030.