The Civil Aviation Authority of Vietnam has recommended a 3.7-percent increase in domestic fare caps to enable airlines to cope with surging fuel prices. In a proposal it submitted to the Ministry of Transportation, it said fuel costs have risen by 84 percent since September 2015, when the current caps …
Read More »Expanding foreign markets for Vietnamese goods
Vinamilk’s pavilion at a trade fair in Dubai. — Photo congthuong.vn HÀ NỘI — Vietnamese enterprises have made great efforts in effectively using FTAs to penetrate and bring Vietnamese goods to the international market. However, for sustainable development, businesses believe that it is necessary to further promote trade in foreign markets …
Read More »Commercial banks tighten real estate lending
A customer at a Sacombank branch. Sacombank has recently directed its branches and representative offices not to fund the real estate sector until the end of June. Photo sacombank.com.vn HÀ NỘI — Some banks have temporarily stopped providing loans to the real estate sector in the short term in the wake of the …
Read More »IFC supports private sector growth
IFC would help Việt Nam build back a better and greener industry, rejuvenating the private sector and consolidating future resilience. — Photo tinnhanhchungkhoan.vn HÀ NỘI — The International Finance Corporation (IFC) is committed to supporting Việt Nam to leverage more private sector investment to meet its climate goals. The remark …
Read More »New Chinese registration regulations challenge Vietnamese exporters
Workers process tra fish for export at an establishment of Sao Mai Group in the southern province of Đồng Tháp. —VNA/VnExpress News Photo HÀ NỘI — Vietnamese seafood and agricultural produce exporters have faced difficulties in meeting China’s new registration regulations. China’s regulations on the registration and administration of overseas …
Read More »ASEAN+3 economic outlook overshadowed by Russia-Ukraine conflict
Goods loaded onto a ship at Long An International Port. VNA/VnExpress News Photo HÀ NỘI — The ASEAN+3 (Association of Southeast Asian Nations plus China, Japan and Korea)’s economic growth is expected to normalise this year as the COVID-19 pandemic recedes. However, rising geopolitical uncertainty over Russia-Ukraine is overshadowing the outlook. In …
Read More »Việt Nam’s e-learning market projected to hit US$3 billion by 2023
Việt Nam’s e-learning market is expected to reach revenue of around US$3 billion by 2023. — Photo baochinhphu.vn HÀ NỘI — Việt Nam’s e-learning market is expected to reach revenue of around US$3 billion by 2023 with a compound annual growth rate of about 20.2 per cent from 2019-23, according …
Read More »HCM City calls for $12.4 billion of investment into suburban districts
President Nguyễn Xuân Phúc (third from left) looks at the planning map of two suburban districts of Hóc Môn and Củ Chi. VNA/VnExpress News Photo Thống Nhất HCM CITY — President Nguyễn Xuân Phúc has urged the suburban districts of Củ Chi and Hóc Môn in HCM City to …
Read More »VN-Index falls for third straight session on strong sell-off
A man passing a stock trading board. Both market benchmark indices extended their bearish trend due to strong selling pressure. Photo thesaigontimes.vn HÀ NỘI — The stock market opened the week on a negative note as investors’ risk appetite was impacted by strong sell-off activities. The VN-Index on the Hồ Chí …
Read More »VN-Index closes 3rd session in red
Vietnams’ benchmark VN-Index plunged 1.8 percent to 1,455.25 points Tuesday in its third straight falling session as investors sold speculative stocks in droves. The index stayed mostly in the red throughout the day and closed nearly 27 points lower. It has lost nearly 68 points in the last three sessions. …
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