Business

The environmental tax has been halved to VND2,000 ($0.08) per liter on gasoline and VND1,000 on diesel, lubricating oil and fuel oil. It is VND600 on kerosene and VND1,000 on jet fuel, according to a resolution passed Friday by the National Assembly’s Standing Committee. The rates will apply through 2023 …

Global tech giants have continued to expand operations in Vietnam as the country becomes an increasingly trusted advanced technology manufacturing hub. On December 23 South Korean electronics giant Samsung opened Southeast Asia’s largest research and development center in Vietnam. “Vietnam has now gone beyond its role as a global production …

Vietnam Airlines reported revenues of VND72.36 trillion (US$3.02 billion) in 2022, 74% of the 2019 figure. This year’s revenues are VND3.9 trillion more than the combined revenues of the previous two years, its CEO, Le Hong Ha, said at a recent review meeting. The airline carried over 18 million passengers …

Demand for imported low-grade coal for industrial production from now through 2025 would more than double from the 2016-20 period, the Vietnam National Coal and Mineral Industries Group said. The annual demand would increase to 70-75 million tons during the period when the construction material, chemical and some other industries …

Tech company VNG, once considered a “unicorn,” is set to list on the Unlisted Public Company Market on January 5 at a valuation of over VND8.6 trillion (US$360 million). The VNZ share will be listed at VND240,000 and allowed a trading band of 40%, which will be reduced to the …

SJC gold prices rose 0.45% to VND67 million ($2,834.78) per tael Saturday morning, a 8.7% rise from the beginning of this year. Gold ring prices gained 0.28% from Friday to VND53.85 million. A tael equals 37.5 grams or 1.2 ounces. Global spot gold at $1,821.50 an ounce is on course …

HCMC’s gross regional domestic product (GRDP) grew 9.03% this year, the municipal Statistics Office announced. Agriculture, forestry and fishery increased by 3.74% while industry and construction jumped 12.92%. The service and trade sector climbed 8.37%. Service and trade was also the largest portion of the city’s economy this year at …

Every afternoon, it is common to see Hanoians wandering into small alleys in search of snacks. Many of these snacks have become the capital’s must-try street food, such as nem chua ran – deep fried pork rolls, oc nong – steamed snails, banh duc nong – savory steamed rice cake, …

Vietnam’s benchmark VN-Index dropped 0.22% to 1,007.09 points Friday, with stock trading falling 10% from Thursday. The index closed 2.2 points lower after losing 6.37 points on Thursday. The last session of the year saw VN-Index falling 32.5% from the first. Trading on the Ho Chi Minh Stock Exchange (HoSE) …

Disbursement of foreign direct investment (FDI) in Vietnam in 2022 is estimated at nearly $22.4 billion, up 13.5% year-on-year, making it the highest amount in the past five years. The country attracted a total of $27.72 billion in FDI as of December 20, down 11% year-on-year, the General Statistics Office …