Business

Germany has removed 60 countries and territories from its list of high-risk Covid areas, including Vietnam ‘based on the spread of the Omicron variant.’ “With the widespread occurrence of the Omicron variant, the probability of this variant to have a severe course is shown to be less compared to the …

The Civil Aviation Authority of Vietnam has recommended that the Ministry of Transport should issue an air transport license to Vietnam’s first proposed cargo carrier, IPP Air Cargo. It said the airline meets all requirements, including 100 percent funded ownership by Vietnamese entities. IPP Air Cargo has a charter capital …

Meager wages that have not been raised for years and soaring healthcare expenses amid the pandemic mean many workers are struggling to achieve basic living standards. My Hieu, 30, a worker at a Ho Chi Minh City factory, burst into tears when she heard overtime was being cut. She left …

Agriculture, forestry and fisheries exports increased by 15.8 percent year-on-year in January-February to US$8 billion. Farm exports led with $3.2 billion, up 10.2 percent, according to the Ministry of Agriculture and Rural Development. High growth was seen in items like shark catfish (83 percent), black pepper (44 percent), coffee (36 …

  A Long Châu pharmacy. FPT Long Châu has announced the sale of Molnupiravir since February 23 with a price of VNĐ250,000 ($11) per dose, equivalent to VNĐ12,500 ($0.55) per tablet. Photo baomoi.com HÀ NỘI — Retail giants have begun to ramp up investments in the pharmaceutical market, fueling the race …

  Viet Nam to reduce the solar capacity and increase offshore wind power in the draft Power Master Plan VIII. Trungnam Group installs 25 offshore wind towers for the VNĐ5 trillion Dong Hai No 1 wind power project in the southern province of Tra Vinh in October, 2021 — Photo courtesy of TNG HÀ NỘI — Deputy Prime …

Dragon Capital has upped its inflation forecast for this year from 3.5 percent to 3.58-4.18 percent following the surge on oil prices due to the Russia-Ukraine imbroglio. The crisis would not directly affect the Vietnamese economy since the country’s trade with them accounts for less than 2 percent of its …

  The Mekong Delta province of Long An has attracted FDI this year despite the COVID-19 pandemic. VNA/VnExpress News Photo HCM CITY – Thanks to controlling the COVID-19 epidemic and reopening in a timely manner, Long An Province has managed to attract foreign direct investment in the first two months …

  A CMA-CGM’s cargo ship at Germanlink Int’l Port (Bà Rịa-Vũng Tàu Province). CMA-CGM Vietnam said freight rates were likely to rise in March. Photo baochinhphu.vn HÀ NỘI — Rising logistic costs are hindering exports, putting firms at risk. Lê Thị Mỹ Hạnh, general director of Banana Brother Farm JSC., noted that …

  Financial expert Đinh Trọng Thịnh. Photo vietnamhoinhap.vn Việt Nam’s economy is expected to recover and grow more strongly in 2022, and real estate and securities are forecast to remain magnets for capital flows. However, as some economic uncertainties are still ahead, including inflationary tendencies and contractionary monetary policies, many …