Business

The State Bank of Vietnam is set to increase the frequency of currency selling amid rising U.S. interest rates, which have strengthened the greenback. With a foreign exchange reserve of over $100 billion, the central bank will continue to sell its foreign currency to stabilize the market, Pham Chi Quang, …

Vietnam’s RON 95 gasoline price increased by 1.54 percent Tuesday to a new record of VND32,870 ($1.42) per liter, having risen by 41 percent so far this year. This was the seventh increase in a row since mid-April of the popular gasoline, which accounts for 70 percent of total fuel …

The Thăng Long II Industrial Park in Hưng Yên Province. — Photo ndh.vn HƯNG YÊN — The Management Board of the Industrial Parks of Hưng Yên Province has granted investment registration certificates for seven projects with domestic investment capital and one project with foreign investment capital, with a total registered …

    An entrance to the Đà Nẵng Hi-tech Park. The park west of Đà Nẵng city has called for investment from the US, Japan and Korea. Photo courtesy of Đà Nẵng Hi-tech Park and Industrial Zones Authority ĐÀ NẴNG — An investment licence has been granted to the US company Vector Fabrication …

    HÀ NỘI — A conference will be co-held on June 23 by the Ministry of Industry and Trade (MoIT), the British Embassy in Việt Nam and the British Chamber of Commerce Vietnam (BritCham) to support Vietnamese enterprises to join the supply chain of British enterprises. The conference “UK …

  The Muan International Airport. Photo muan.go.kr HÀ NỘI — The Muan International Airport in the Republic of Korea (RoK)’s South Jeolla Province will allow the resumption of international flights, including those to Việt Nam, this July. International air routes to be reopened will connect the Korean destination to Đà Nẵng, Nha Trang, …

Tuan Anh has never faced this kind of difficulty in nearly five years as a ride-hailing driver in Hanoi as his income has plunged by a third. “I used to earn VND600,000 ($25.83) a day after fuel costs are, but now I make only VND400,000,” said the GrabCar driver, who …

After being canceled in 2020 due to Covid-19, the biennial Hue festival returns from June 25 to 30 and is expected to attract 200,000 visitors. The festival in the central town will feature street carnivals, art performances and cultural programs to tell tourists how Hue has come a long way …

The central city of Da Nang has approved investment of VND1.37 trillion ($59 million) by U.S. company Vector Fabrication to make printed circuit boards and micro-electro-mechanical systems. Construction of the 40,000-square-meter factory in the Da Nang Hi-Tech Park is set to start this year, and production will begin in 2025. …

  Workers at Woodland JSC. a wooden furniture maker in the northern province of Tuyên Quang. VNA/VNS Photo HÀ NỘI — Vietnamese products are to face numerous trade defence measures in the future despite the large number of free trade agreements (FTAs) the country has signed, according to trade experts and policymakers. …