Business

Lobster exports rose 30 times year-on-year in the first six months of the year to US$130 million, according to the Vietnam Association of Seafood Exporters and Producers. Besides, surging global demand has caused the prices of some lobster species to double. Tropical rock lobster has risen to VND1.7 million ($73) …

Automaker VinFast has set in motion its plans to integrate electric vehicle charging stations with gas stations with its first coming up at PVOIL pump. The station is in Cat Hai District in Hai Phong, and is equipped with one 150-kilowatt superfast charger and five 60-kW fast chargers, which can …

Bamboo Airways plans to triple its fleet size to 100 by 2028, with new aircraft being delivered this quarter, despite major changes in its leadership. The airline is set to receive its 22nd narrowbody Airbus A321 jet and fourth widebody Boeing B7s87 this quarter, CEO and chairman Dang Tat Thang …

The European Business Climate Index in Vietnam declined by 4.4 to 68.8 points between the first and second quarter due to rising prices globally and geopolitical tensions. Vietnam’s potential growth is also being viewed with less favor by European business leaders, as 60 percent of respondents predicted that the Vietnamese …

Vietnamese banks on Monday traded the dong against the U.S. dollar at the lowest rate in two years as the greenback strengthens globally amid economic uncertainty. The Vietnamese dong declined by 0.3 percent from last weekend to VND23,510 per U.S. dollar at state-owned Vietcombank. It fell by 0.34 percent at …

Vietnam’s benchmark VN-Index dropped 0.28 percent to 1,195.53 points Monday, with a double-digit decline in trade. The index closed 3 points lower after gaining one point on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 12 percent to VND10.09 trillion ($432 million). The VN-30 basket, comprising …

Vietnam’s overland trade with China fell sharply in the first four months of this year as that country tightened Covid-19 safety measures and borders became congested. Vietnamese firms shipped just US$509-million worth of goods to China through the border, a 87 percent dive year-on-year, according to customs data. Imports from …

The Ministry of Finance has warned that electricity prices will rise if solar and wind power are not developed commensurately with grid and operational capacity. Renewable power production is booming thanks to a fit-in-tariff (FIT) price of 7.09-9.35 U.S. cents per kilowatt-hour, much higher than prices paid for conventional energy. …

The government has informed the National Assembly about a proposal to cut the environment tax on gasoline by 25 percent from August to year-end to keep prices in check. The tax, which was originally VND4,000 ($0.17) per liter before an earlier 50 percent cut, will be cut to VND1,000 if …

Online entertainment company Yeah1 plans to buy a 51 percent stake in TV and radio company STV amid a major restructuring endeavor. The deal is set to be completed this quarter. STV, established in 2008, owns lifestyle TV channel StyleTV, stock and finance channel InfoTV and radio channel Joy FM. …