Business

Major property developers like Novaland, Phat Dat and Dat Xanh are set for double-digit increases in profits this year on strong demand and relentlessly rising prices. Novaland, the second biggest listed property firm, targets a near doubling of profits to VND6.5 trillion ($285 million) and a 140-percent rise in revenues …

  Coal miners extract coal from the ground. The pandemic has rendered many coal mines understaffed, resulting in coal shortages. Photo baochinhphu.vn HÀ NỘI — Vietnam Electricity (EVN) has said that the amount of coal supplied to its thermal power plants (TPP) fell short of the contractual amounts, putting them at …

  The exclusive rice growing zone established is expected to help exporters take full advantage of tax benefits under trade agreements. VNA/VnExpress News Photo HCM CITY — HCM City is joining hands with the Ministry of Agriculture and Rural Development to establish five areas exclusively for agriculture, forestry or fisheries in 13 provinces …

  Workers make apparel for export to EU at TNG Investment and Trading Joint Stock Company. Việt Nam became the EU’s sixth-largest non-regional textile supplier in 2021. VNA/VnExpress News Photo Trần Việt HÀ NỘI The textile and garment industry is forecast to have a bright prospect in 2022, but as share prices have increased …

Compiled by Thiên Lý There is a serious threat of inflation this year with several factors being in the mix, analysts warn. Ngô Ngọc Dung, a housewife in HCM City’s District 7, said in recent times she has to spend at least VNĐ300,000 (US$13) a day to buy the things …

VSIP Binh Duong industrial park has attracted several multinational corporations looking to establish headquarters and factories. In 1996, Vietnam – Singapore Industrial Park (VSIP) was established in Thuan An, Binh Duong Province. With a total foreign direct investment of $6.4 billion and an estimated export turnover of $8 billion, VSIP …

  The amendment of the Land Law should be closer to reality to serve the economy. — Photo baochinhphu.vn HÀ NỘI — It is urgent to amend the Land Law, which has revealed obstacles hindering the business activities of enterprises, according to experts in a workshop in Hà Nội late last week. The workshop was …

  Establishing a cargo airline is appropriate for Việt Nam as the cargo transportation demand kept increasing steadily. — VNA/VnExpress News Photo HÀ NỘI — The Ministry of Transport has sought the Prime Minister’s approval to issue a licence for the first cargo airline in Việt Nam, IPP Air Cargo, as freight …

A man watching the stock market’s movement on his computer. Photo sggp.org.vn HÀ NỘI — Many securities companies are optimistic about the stock market this week, as companies will soon release their first-quarter business statements and a support package worth VNĐ340 trillion (US$15 billion) will also be disbursed. Last week, news …

The government plans major upgrades of facilities and infrastructure on Con Dao Island towards making it a “regional level eco-tourism area.” Under adjustments made to a general construction plan (with vision towards 2045) it has made for the archipelago that comprises 16 islands spread across 76 square kilometers, highly competitive …