Despite facing labor shortages and rising costs, the F&B industry is hopeful of leaving behind a two-year slump and even thriving. The Vua Cua restaurant chain’s sales have only recovered to 70 percent of pre-Covid-19 levels. But Doan Thi Anh Thu, its CEO, expects a full recovery and then some …
Read More »Banks await higher credit growth quota
A customer at an MB branch. MB may be able to expand its credit growth room to 30-35 per cent. —Photo vncb.vn HÀ NỘI — Commercial banks are expecting to have higher credit growth limits in Q2 2022 as they have already used up most of their assigned quota …
Read More »Vietnam Airline sells stake in Cambodian carrier
Vietnam Airlines has sold a 35 percent stake in Cambodia Angkor Air for US$35 million. It had bought a 49 percent stake in the Cambodian carrier in 2009 and promised to help it expand. But in 2020 it had expressed its intention to sell of its stake due to Covid-19. …
Read More »VCCI’s new comments on the draft on taxation in e-commerce
A shipper delivers a product to a buyer. If an online transaction is paid in cash, money is transferred from buyers to sellers via shippers, not via e-commerce platforms. — Photo nld.com.vn HÀ NỘI — Vietnam Chamber of Commerce and Industry (VCCI) has recently made additional comments on the …
Read More »Việt Nam’s trade turnover up 15.6 per cent in five months
Workers process tra fish at Sao Mai Group’s factory in An Giant Province. — VNA/VNS Photo Vũ Sinh HÀ NỘI — Việt Nam’s total trade turnover in the first five months of 2022 experienced a year-on-year increase of 15.6 per cent to US$305.1 billion, a report from the General Statistics Office (GSO) has …
Read More »More room to develop Việt Nam’s international shipping fleet
There were 1,502 ships under the Vietnamese flag as of December last year. — Photo ndh.vn HÀ NỘI — The potential is great, but the development and operation of Vietnamese cargo shipping has not been commensurate with the role and position of the country. In the project to develop Việt …
Read More »International arrivals jump, VN among most-searched destinations
The number of foreign visitors to Việt Nam increased rapidly in recent months, as Việt Nam reopened economic activities with loosened virus control measures. — VNA/VNS Photo HÀ NỘI — International arrivals to Việt Nam jumped significantly in May while the country rose to be among the most-searched destinations after international tourism …
Read More »Vietnam facility helps Intel overcome semiconductor shortage
Vietnam’s stable business environment and young labor force have helped Intel overcome the semiconductor shortage crisis, a senior company leader said. The country’s stable socio-political environment, increasingly liberalized trade and investment policies, and a young and talented workforce are some of the reasons why Vietnam has become attractive to multinationals, …
Read More »VN-Index posts 5th session gain
Vietnam’s benchmark VN-Index rose 0.66 percent to 1293.92 points Monday in its fifth straight session in the green. The index closed eight points higher after gaining nearly 17 points Friday. It has risen by 75 points in the last five sessions. Trading on the Ho Chi Minh Stock Exchange (HoSE) …
Read More »Việt Nam shows potential in US fruit exports
Pomelo is expected to be the seventh fruit of Việt Nam exported to the US market in the future. Photo nld.com.vn HÀ NỘI – Việt Nam has great potential to increase fruit exports to the US in the future, said Hoàng Trung, director of the Plant Protection Department under …
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