Business

The global decline of the rice supply and the impact of El Nino climate pattern have led to a sharp increase in the price of rice for export. Latest data from General Department of Vietnam Customs shows that in the first half of the year, rice exports reached more than …

Prime Minister Pham Minh Chinh on Saturday ordered prioritizing capital for production and trade to fuel growth in tandem with stabilizing macro-economy, controlling inflation and government and public debts. Speaking at a teleconference to review the activities of the State Bank of Vietnam (SBV) in the first half and launch …

Ho Chi Minh City’s public spending in the first half of 2023 reached VND15.43 trillion ($652 million), accounting for only 23% of the budgeted amount despite the many measures it took to remove hurdles. Besides unavoidable factors like escalating prices of construction materials, which affect contractors’ work, the city has …

Digital wallet Apple Pay will soon be available in Vietnam. At least one bank has announced that it will soon support Apple Pay services. Sources have told VnExpress that three other major banks will also launch Apple Pay by the end of this month. Users can add their credit and …

Petrovietnam Drilling and Drilling Services Joint Stock Corporation (PV Drilling) has decided to establish four operating offices in ASEAN countries as part of its efforts to expand its presence in the region. In its filing to the State Securities Commission (SSC) and Ho Chi Minh Stock Exchange (HOSE) this week, …

Demand for ready-built warehouses has slowed down as prospective tenants delay decision-making amid slowing business and economic difficulties. A report by real estate consultancy Jones Lang LaSalle (JLL) Vietnam said that after years of strong growth the ready-built warehouse market in the south has entered a quiet period, with high …

Bamboo Airways has assured the public that all operations and flights are continuing normally, denying recent rumors of bankruptcy. The private airline said in a release Friday that it has been making strong efforts to restructure the business and has identified what it believes is the best development strategy going …

More than 1,000 products and brands are on display at the Vietnam Hardware & Hand Tools Expo being held in HCM City from December 7 to 9. — VNS Photo Thu Hằng HCM CITY — The Vietnam Hardware & Hand Tools Expo has opened in HCM City with 350 exhibitors …

Pomina Steel has agreed to sell nearly 70.2 million shares, a 20% stake, to Japan’s Nansei steel. The company will sell at VND10,000 ($0.42) per share, 35% higher than its market price. The deal, to be conducted in August this year and September next year, is estimated to fetch Pomina …

Vietnam Airlines has lost most of its flight slots in the U.K. due to low operation during the Covid-19 pandemic, while in India Vietnamese airlines have maxed out their allocated slots. Vietnam and the U.K. agreed for each country’s airlines to operate seven trips per week to the other country, …