A view of Nhơn Trạch 1 and Nhơn Trạch 2 power plants in Đồng Nai. Photo pvpower.vn HÀ NỘI — PV Power (POW) has just announced approval for the plan to transfer its shares in EVN International JSC (EIC). Accordingly, PV Power plans to divest more than 2.8 million EIC shares, equivalent …
Read More »Tourism recovery could take long: industry insiders
The resumption of international tourism has stirred hopes of a recovery, but travel firms say it will be a long time before the industry returns to pre-pandemic levels. “With foreigners only required to test negative for Covid-19 and not quarantine, Vietnam now has one of the most competitive tourism policies …
Read More »Construction material prices increase
Prices of building materials and interior decoration have all increased. — Photo nld.vn HÀ NỘI — With local construction contractors recovering after the heavy impact of the pandemic, the increased prices of building materials and the labour costs have a significant effect on their performance. In recent days, steel manufacturers have continued to send notices of higher prices …
Read More »Reopened international flights to help FDI take off
Hana Kovi Việt Nam, a South Korean-invested garment company in Bắc Giang Province. Việt Nam expects to see a significant increase in FDI this year. — VNA/VnExpress News Photo Danh Lam HÀ NỘI — The reopening of international flights to Việt Nam after more than one year of closure, coupled with the country’s …
Read More »Transport costs rise as fuel prices surge
Containers are loaded at the Tân Cảng- Cát Lái Terminal in HCM City. — VnExpress News Photo Thu Hằng HCM CITY — The sharp rise in gasoline prices is pushing up transport costs and thus fares, bus operators said. Eleven transport businesses operating at the Miền Đông (Eastern) bus station have announced a …
Read More »Shares extend gains on improved liquidity
FLC Sầm Sơn resort in Thanh Hóa Province. Part of investors sought to seek profits in mid caps such as FLC, pushing the share price to the ceiling. — Photo flc.vn HÀ NỘI — Việt Nam’s benchmark VN-Index remained in positive territory on Thursday but divergence widened among blue …
Read More »Cement makers hike prices again on rising costs
Cement manufacturers have hiked prices by VND100,000-150,000 ($4.4-6.6) per ton, or 5.5-8.3 percent, claiming production costs have risen. Ha Tien 1 Cement JSC, a subsidiary of the Vietnam National Cement Corporation (VICEM) announced a hike of VND100,000 per ton for its Vicem Ha Tien brand of packed cement with effect …
Read More »VN-Index inches up as Asian markets in green
Vietnam’s benchmark VN-Index rose 0.14 percent Thursday to 1,461.34 points as most Asian markets rally on U.S. Federal Reserve confidence and expectation of more support for China’s economy. The index stayed in the green throughout the day and closed 2.01 points higher, after gaining 13 points in the last two …
Read More »Carriers increase int’l flights after Vietnam reopens tourism
Domestic carriers plan to expand international services later this month after the government fully reopened its border with relaxed tourism policies. Vietnam Airlines said it would resume its regular service from Singapore to Da Nang with three weekly flights from late this month and one weekly flight from tourist beach …
Read More »Vietnam to build 3rd oil refinery
Vietnam is working on administrative procedures to build a third oil refinery amid apparent shortages and surging prices due to dependency on global supply. The factory is set to have a capacity of 10 million tonnes per year and be located in the southern province of Ba Ria-Vung Tau, Deputy …
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