Business

Tourists are upset by the Thai government’s sudden announcement that all foreign arrivals need to furnish proof of at least two Covid vaccinations before boarding flights to Thailand. Airlines are responsible for checking the documents, Bangkok Post quoted the Civil Aviation Authority of Thailand (CAAT) as saying. Unvaccinated travelers need …

The Ministry of Industry and Trade wants the Ministry of Finance to regulate gasoline prices and not itself as proposed by the latter a few weeks ago. The industry ministry said in a draft decree that managing retail prices falls within the expertise of the finance ministry. The finance ministry …

Public investment, foreign investment and tourism will be drivers of Vietnam’s economic growth this year, according to HSBC and VnDirect Securities Corp. Vietnam is again likely to achieve among the highest growth rates in Asia, possibly only behind Malaysia, after 8.02% in 2022, HSBC said in a new report. The …

The government will no longer intervene in setting retail prices, but will allow enterprises to decide them, according to a new government decree on gasoline and oil trading. According to prevailing regulations drafted by the Ministry of Industry and Trade, the government sets the base price as a basis for …

The Ministry of Industry and Trade has set the ceiling price for solar power at VND1,185-1,508 (VND24,000=$1) per kWh and wind power at VND1,587-1,816 per kWh, depending on the type. According to the ministry’s decision issued Saturday, the ceiling price excluding value-added tax will be applied to solar power and …

Rents for ready-built factories dropped by 3% year-on-year in the south last quarter, property services company Cushman & Wakefield said. The average rent was $4.6 per square meter per month. Demand for and occupancy rates of ready-built warehouses also decreased, mainly because exports weakened from earlier in the year, it …

Vietnam Maritime Corp (VMIC) recorded consolidated profits of some VND3.129 trillion ($130.4 million) last year for a year-on-year decrease of 14%, Consolidated revenues reached close to VND15.041 trillion, for an increase of 5% despite difficulties in maritime transport, said the shipping giant’s leaders said at a meeting Friday. Explaining the …

The Civil Aviation Administration of Vietnam has proposed that five domestic airlines increase the number of aircraft in operation to 234, the same number they flew prior to the onset of Covid. The increase is to meet demand that will rise during Tet (the Lunar New Year Holiday), which falls …

Vietnamese investors will focus on gold, stocks, bonds and digital currency in the hope of making profits in 2023 amid fears of surging inflation in major global markets. The top investment asset for Vietnamese investors this year is gold, according to 57% of respondents in the The Wealth Expectancy 2022 …

Standard Chartered Bank expects Vietnam’s GDP to grow at 7.2% this year and 6.7% next year. “We still have conviction about Vietnam’s high growth potential over the medium term,” Tim Leelahaphan, the bank’s economist for Thailand and Vietnam, is quoted as saying in its “Vietnam – Still enjoying high-growth status” …