Vietnam’s benchmark VN-Index rose 0.02 percent to 1,505.33 points Friday with trading value declining marginally amid uncertainties of the Russia-Ukraine tension. The index stayed in the green throughout the day and closed 0.3 points higher after surging over 19 points Thursday as Russian forces continued to attack Ukrainian cities as …
Read More »Vietnamese firms join largest event for professional online sellers
Việt Nam’s booth at the event. —VNA/VnExpress News Photo LONDON — Fourteen Vietnamese firms recently showcased their products at the “White Label World Expo London 2022”, which was the UK’s largest event for professional online sellers. The event, which concluded on Thursday, attracted 500 businesses and 7,000 visitors. It offered a …
Read More »Việt Nam must double down on improving business environment
Workers return to work in a footwear factory in southern Việt Nam. VNA/VnExpress News Photo Thanh Liêm HÀ NỘI — Improving the business environment is among Việt Nam’s top priorities in the future, especially as the country is trying to get the economy back on track, said economists and …
Read More »Finance ministry mulls cutting environment tax on gasoline by a fourth
The Ministry of Finance is considering lowering the environmental tax on gasoline by 25 percent for the rest of this year to reduce fuel prices. The tax, a flat VND4,000 ($0.18), could be brought down to VND3,000, it informed relevant government agencies as it sought feedback from them. It is …
Read More »Large postal firms race for logistics industry
A Vietnam Post bonded warehouse. — Photo courtesy of the company HÀ NỘI — A number of big postal enterprises in Việt Nam, such as Viettel Post and Vietnam Post, are racing to tap into the local logistics market with a scale of nearly US$62 billion. Besides the delivery sector, Viettel Post has invested heavily in …
Read More »Hải Phòng has new logistics centre
At the opening ceremony. —VNA/VnExpress News Photo HẢI PHÒNG — KM Cargo Services (KMCS), a new logistics centre covering an area of two hectares, has been established at Đình Vũ Industrial Park in Hải An District, the northern port city of Hải Phòng. It is a joint venture among harbour operator Port of Hải Phòng …
Read More »Electronics producer adds over $305m in investment to Bắc Ninh facility
At the licence handover ceremony. —VNA/VnExpress News Photo BẮC NINH — The northern province of Bắc Ninh on Thursday officially licensed electronics manufacturer Goertek Vina to raise investment in its facility at Quế Võ Industrial Park to US$565.7 million from $260 million. Chairwoman of the provincial People’s Committee Nguyễn Hương Giang said Bắc Ninh highly appreciated investors from mainland China, …
Read More »Property prices skyrocket in eastern HCMC after record bids for Thu Thiem land
Property prices in Thu Duc City, a new urban area in eastern HCMC, have been soaring, driven by record bids recently for land plots in the Thu Thiem Peninsula. The Global City, an under-construction premium apartment project in the former District 2 (now Thu Duc City), has estimated prices of …
Read More »VN moves towards cashless society
A person uses a smartphone to make a money transfer. The COVID-19 pandemic is providing a significant opportunity for accelerating cashless payment in Việt Nam. — VNA/VnExpress News Photo HÀ NỘI — An ecosystem for cashless payment is essential for Việt Nam to encourage people to switch from cards to contactless and digital payment, an …
Read More »First freight train from Đà Nẵng to Europe to be launched this month
Container train to Europe departs from Đồng Đăng station to Chinese railways. — Photo baogiaothong.vn HÀ NỘI — The Railways of Transport and Trade Joint Stock Company (Ratraco) has announced that a new freight link between the central city of Đà Nẵng and Europe is to be launched early this month. …
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