Friday , July 1 2022

Business

Business

Gasoline prices fall for first time in ten weeks

Gasoline prices fall for first time in ten weeks

Vietnam’s gasoline prices dropped by 0.3-1.3 percent Friday, the first drop after seven consecutive upward adjustments since April 12. The price of popular gasoline RON 95 decreased by VND110 to VND32,760 per liter, while that of biofuel E5 RON 92 fell VND410 to VND 30,890 ($1 = VND23,280). The prices …

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Vietnam seeks UK assistance for HCMC financial center

Vietnam seeks UK assistance for HCMC financial center

Vietnam has sought the U.K.’s assistance in improving its banking and finance legal framework and establishing a financial center in HCMC. Vietnam wants to learn from the experience of developed countries, including the U.K., in developing a financial center, National Assembly Chairman Vuong Dinh Hue told the Acting Mayor of …

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Thousands of Vietnamese flights delayed in June

The Ministry of Transport has ordered Vietnamese airlines to improve on punctuality after more than 5,600 flights were delayed in June with late-arriving aircraft cited as the main reason. The figure was up 15.9 percent year-on-year and up 9.4 percent from last month, according to a report from the Civil …

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One Mount wins Google award for logistics, supply chain

One Mount Group was recognized as an industry leader in the digital transformation of supply chains and logistics at Google Cloud Customer Awards. The award reflects One Mount and Google Cloud’s productive partnership in pushing cloud- and data-powered innovation to digitalize operations across Vietnam’s entire retail chain. Transforming over 100,000 …

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Last-minute purchase pushes VN-Index up

Last-minute purchase pushes VN-Index up

Vietnam’s benchmark VN-Index rose 0.11 percent to 1,198.90 points Friday thanks to last-minute purchase demand. The index closed one point higher after losing over 20 points Thursday. It gained over 13 points this week. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 0.81 percent to VND11.42 trillion …

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BCI Asia Awards honors top architecture, real estate firms

Vietnam’s 10 most-active property developers and architecture firms were awarded at the annual BCI Asia Awards ceremony held on June 30. The portfolios of the top developers for 2022 are valued at $1.82 billion, while those of the 2022 elite architecture firms comprise $9.71 billion worth of properties scheduled to …

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Domestic tourists number beats full-year target in 6 months

There were 60.8 million domestic tourists in the first half of this year, 1.4 times the pre-pandemic number and already past the full-year target of 60 million. June saw the highest monthly figure in recent years of 12.2 million, according to the Vietnam National Administration of Tourism. Tourism revenues were …

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First half seafood export revenue up 40 pct

First half seafood export revenue up 40 pct

Vietnam exported $5.8 billion worth of seafood in the first six months, up 40 percent year-on-year. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood export revenues rose 46 percent and 36 percent year-on-year in Q1 and Q2, respectively. Export of shrimp, the top item in terms …

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Electronics brands fight uphill battle at home

Electronics brands fight uphill battle at home

Low product visibility and brand awareness plague Vietnamese electronics producers. When asked about air conditioners, salespeople at a store in HCMC’s Thu Duc city mainly show buyers foreign products like Daikin and Panasonic, or the more budget-friendly Casper and Gree. When customers ask about local brands, the staff only recommend …

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