Business

Ho Chi Minh City is calling on Singapore to invest in several major infrastructure projects worth billions of U.S. dollars, including highways, ring roads and metro lines. At a Thursday meeting on the current business climate and cooperation between Vietnam and Singapore, Ho Chi Minh City’s Investment and Trade Promotion …

The demand for steel remains weak, but producers have increased prices six times so far this year because of increasing input costs. Statistics of the Vietnam Steel Association show that the average steel price at the end of February rose by 5% against the end of 2022, but was still …

Vietnam’s benchmark VN-Index rose 0.65% to a two-week high of 1,055.95 points Thursday in its fourth gaining session. The index closed 6.77 points higher after gaining 11.34 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 26% to VND10.73 trillion ($452.69 million). The VN-30 basket, …

Vietnam’s aviation sector saw stocks soar Thursday after China added Vietnam to the list of countries approved for outbound tours. Vietnam Airlines’ stock hit a ceiling price while that of Vietjet is set to close the third trading day in the green. The national flag carrier, Vietnam Airlines, saw shares …

Construction of a cattle farm and beef processing plant began Wednesday in Vinh Phuc by a joint venture between dairy giant Vinamilk and Japan’s Sojitz Corp. Japan Vietnam Livestock is building one of Vietnam’s largest plants on 75 hectares in the northern province, and it will begin operations in June …

Conglomerate FLC plans to restructure after nearly a year of chaos by focusing on property development and resort operations and selling an unspecified stake in Bamboo Airways. Tran Thi Huong, deputy standing CEO of the company, said at an extraordinary general meeting last week that the company would also seek …

China’s customs authorities have approved Vietnam’s 246 farming area codes and 97 packaging facility codes that fully meet the requirements for export to the Chinese market. Deputy Director of the Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS Vietnam) Ngo Xuan Nam said China is considering another 36 …

Vietnam’s aquaculture output was estimated at 1.18 million tonnes in the first two months of 2023, rising by 1.3% year-on-year, according to the Ministry of Agriculture and Rural Development (MARD). In February alone, the output stood at an estimated 593,400 tonnes, up 2.5% compared to the same period last year. …

The Chinese government has decided to add Vietnam to the list of countries to which its nationals can go on outbound tours with effect from March 15. Nguyen Phuong Hoa, director of the Ministry of Culture, Sports and Tourism’s international cooperation department, confirming the information, told VnExpress that at a …

The Dolce by Wyndham Hanoi Golden Lake is for sale with a starting price of $250 million. The auction is set for March. Nguyen Huu Duong, the owner of the gold-plated Dolce by Wyndham Hanoi Golden Lake, confirmed the sale with the local press. Sharing the reason to sell the …