A gas station in Hà Nội. VNA/VnExpress News Photo HÀ NỘI — Retail petrol prices were reduced by more than VNĐ600 (US$0.026) per litre from 3pm on March 21 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance. The retail price of RON95 bio-fuel dropped by …
Read More »Local enterprises should promote traceability: official
Farmers and businesses need to change their thinking about international agricultural trade, including implementing traceability requirements in export markets. — Photo VietQ.vn HÀ NỘI — Domestic enterprises need to enhance the application of traceability technology and improve product quality assessment technology, said Trần Thanh Hải, deputy director of the Department Import …
Read More »ETFs bullish about securities market
An investor monitoring share prices via an electric screen. — Photo cafef.vn HÀ NỘI — With more firms being added to portfolios in Q1, foreign Exchange Traded Funds (ETFs) are optimistic about Việt Nam’s securities market. SSI Securities Corp. reported that two foreign ETFs had restructured their portfolios. Notably, …
Read More »Supermarkets keep prices steady, even launch promotions, despite oil shock
Customers shop at a supermarket in HCM City. Supermarkets keep prices steady, even launch promotions, despite oil shock. — Photo courtesy of Central Retail HCM CITY — Many supermarkets are under pressure from suppliers of foodstuffs and other consumer goods producers to raise prices following a sharp increase in petroleum …
Read More »Việt Nam’s rapid loan growth impedes bank capitalisation drive
A customer at a BIDV office. Vietnamese banks that are still to become Basel II compliant need only about US$0.6 billion of new capital to meet the local Basel II minimum capital adequacy ratio requirement. VNA/VnExpress News Photo HÀ NỘI — Low capitalisation levels are likely to remain a credit weakness for …
Read More »Higher animal feed price causes difficulties for livestock industry: MARD
Many large enterprises have invested in the development of animal husbandry production and food processing chains. — Photo cucchannuoi.gov.vn HÀ NỘI — The recent increase in price of animal feed has brought more difficulties for the livestock production of businesses and farmers. After the Tết (Lunar New Year) holiday, many animal feed products …
Read More »Ukraine conflict, COVID make it double-whammy for VN businesses
An export-oriented fish processing plant in HCM City. Vietnamese businesses face numerous challenges, residual from COVID and the ongoing Russia – Ukraine conflict. – Photo nld.com.vn HCM CITY – Businesses in Việt Nam are facing new challenges brought by the Russia – Ukraine conflict in addition to lingering COVID-19 problems. …
Read More »Tax portal and app for cross-border digital commerce platforms unveiled
Representatives of the Ministry of Finance, Ministry of Industry and Trade and General Department of Taxation attend the ceremony launching Etax Mobile app. — VNA/VnExpress News Photo Phạm Hậu HÀ NỘI — Starting from March 21, cross-border e-commerce platforms may send in their tax forms via a new e-portal at http://etaxvn.gdt.gov.vn …
Read More »Absence of major Asian markets a tourism challenge
Vietnam resumed international tourism on March 15, but experts are worried that the absence of tourists from China, Japan and South Korea will be a difficult gap to fill. Vietnam resumed last week its pre-pandemic visa exemption policy and reopened doors to all foreign tourists with relaxed entry rules, with …
Read More »Potential of Mekong Delta ports waits to be tapped
Mekong Delta’s ports and logistics infrastructure lack connectivity. Photo tuoitre.vn HCM CITY – With more than 14,800km waterways, the Mekong Delta has great potential to develop port and logistics infrastructure, but it has yet to take advantage of it with the existing system lacking intra-regional connectivity. Logistics enterprises in …
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