Business

With escalating production costs, national utility Vietnam Electricity (EVN) is asking for more freedom to increase electricity prices. Under a proposal announced by the Ministry of Industry and Trade on Friday, EVN will be allowed to increase electricity prices when input costs increase by just 1%, instead of 3% as …

A total 22% of Vietnamese use the internet for more than nine hours a day studying, entertainment and shopping, with the majority on their smartphones, a report has found. This is a surge from 2020 when only 9% of respondents used the internet for more than nine hours a day, …

A Vingroup unit will invest over VND6 trillion ($255.3 million) in a lithium battery plant with an annual 5 Gigawatt hours (GWh) capacity in central Ha Tinh Province. VinES Energy Solutions Joint Stock Company, a member of Vingroup – Vietnam’s biggest private conglomerate, has received the green light from provincial …

The Ministry of Finance wants the special consumption tax on petrol to be halved and value-added tax on petrol and oil to be cut by 20% or 50%. It has submitted the options to the National Assembly Standing Committee for consideration and passage by the legislature, with the cuts expected …

Three Vietnamese carriers, Vietnam Airlines, Vietjet Air and Bamboo Airways, have been honored at this year’s Skytrax World Airline Awards. Flag carrier Vietnam Airlines was the nation’s sole presence in the list of the world’s 100 best airlines though it slipped seven places from last year to 48th. Qatar Airways …

The Ministry of Finance wants excise on petrol to be halved and value-added tax on petrol and oil to be cut by 20% or 50%. It has submitted the options to the National Assembly Standing Committee for consideration and passage by the legislature, with the cuts expected to last six …

Transactions on the stock market are struggling to return to levels recorded at the end of last year as several uncertainties prod investors to tread with caution. Trading on the Ho Chi Minh Stock Exchange (HoSE) plunged to a three-month low of VND9.77 trillion ($412 million) this week despite forecasts …

Vietnam will enact policies to encourage the import of core technologies through research institutes and universities to speed up technological renovation, Prime Minister Pham Minh Chinh has said. Speaking at a conference Friday on the development of a scientific and technological market, he said the purpose of importing core technologies …

Expats working in Ho Chi Minh City can upgrade their knowledge with international standard study programs without leaving their current employment. Vietnam has become a popular destination for higher education with a wide range of study disciplines. In a recent database of the UNESCO Institute of Statistics, Vietnam has attracted …

The State Bank of Vietnam will encourage commercial banks to lower its costs to keep lending interest rates unchanged, a deputy governor said Friday. The bank would not regulate lending interest rates because they depend on negotiations between lenders and their clients, deputy governor Dao Minh Tu said. On Thursday, …