Business

  Retail businesses are facing pressure to raise prices. — Photo baodautu.vn HCM CITY — HCM City retail businesses are working hard with suppliers and distributors to limit increases in the prices of foodstuffs and consumer goods. Trần Lâm Hồng, deputy general director of the Saigon Union of Trade Cooperatives (Saigon Co.op), …

Novaland’s office in An Phú Ward, District 2, HCM City. Photo baodautu.vn HÀ NỘI — Novaland Group (NVL) has just approved a resolution related to increasing capital in subsidiaries and mobilising money through bond channels. The real estate developer plans to pour another VNĐ500 billion (US$21.8 million) into The Prince …

  Passengers boarding a train on the North-South railway. Photo dangcongsan.vn HÀ NỘI — Railway firms have announced that they continued to run at a loss in 2021 but to a lesser extent in comparison with 2020. Hanoi Railway Transport JSC reported a loss of VNĐ121 billion ($5.3 million) in …

  HCM City plans to collect fees for the use of infrastructure and public services at ports from April 1 to raise funds for road development, but business associations have called for a postponement and year-end start. —  Photo sggp.org.vn HCM CITY — Seven business associations have called on HCM City to …

  A customer at a VietinBank office in Hà Nội. VNA/VnExpress News Photo HÀ NỘI — Banks have been racing in applying technologies and increasing capital to enhance their competitiveness and meet the State Bank of Vietnam (SBV)’s regulations. According to experts, digital application has helped banks reduce operating costs, increase asset quality …

  A motorbike is filled at a petrol station under the Việt Nam National Petroleum Group (PLX), in the southern province of Ninh Thuận. VNA/VnExpress News Photo Công Thử HÀ NỘI – Shares lost ground on Friday due to the sharp fall of pillar stocks and the oil and gas stock …

A surge in energy, fertilizer, grain, and metal prices is hitting the global economy, and Vietnam cannot be immune to it. But analysts no longer warn of inflation when talking about the economic risks from the Russia-Ukraine conflict, but rather “stagflation”. It is a perfect storm with low economic growth, …

  People queue up at a petrol station in HCM City’s Bình Thạnh District. Photo tuoitre.vn HCM CITY – Fearing a sharp increase in fuel prices could take effect this afternoon (March 11), people in HCM City rushed to fill their vehicles up, resulting in long lines at petrol stations. …

Experts said Vietnam should be confident in reopening international tourism from March 15 and don’t need to worry about infections from foreign tourists. Tran Dac Phu, a senior advisor at Public Health Emergency Operations Center under the Health Ministry, said Vietnam has recorded over 5 million Covid cases, of which …

Vietnam gasoline prices skyrocketed by 10 percent to another new record Friday, after authorities adjusted them upward for the seventh time in three months. The price of popular gasoline RON 95 and biofuel E5 RON 92 both rose from VND26,830 per liter to VND29,820 per liter, and from VND26,070 to …