Business

Gasoline prices have doubled in Vietnam in less than two years to an all-time high, and account for a higher ratio of income than in several neighboring countries. The Vietnamese government last week hiked the price of the popular RON95 variety of gasoline to VND29,820 per liter, or $1.297, half …

Factories in HCMC are devising safe ways for people who have come into contact with Covid-19 patients to keep working as they scramble to meet delivery deadlines. The Ministry of Health recently proposed that both Covid-19 patients and close contacts can go to work under certain conditions. According to the …

The government plans to seek lawmakers’ approval Monday to cut the environment tax on gasoline by half amid the surging prices. The Ministry of Finance’s proposal to reduce the tax, currently at VND4,000 ($0.17), for the rest of this year will be reviewed by the Standing Committee of the National …

With domestic steel prices up nearly 8 percent in 10 days, contractors are caught in a dilemma: continue work and suffer losses or suspend work and suffer fines. The Vietnam Steel Corporation (VnExpress NewsTEEL) has upped its prices by 7.6 percent for both rolled and bar products. Its rolled steel …

  People buy gold at a jewellery shop in Hà Nội. The price discrepancy between the domestic and world gold price rose to more than VNĐ19 million per tael last week. — VNA/VnExpress News Photo Trần Việt Compiled by Mai Hương The gold market witnessed a roller coaster ride last week with …

A VPBank Securities’ trading office. Photo thoibaotaichinhvietnam.vn HÀ NỘI — The strong development of the stock market, with rising retail investors and financial investment demand, has prompted many banks to cooperate with securities firms and fund management companies to add more cross-selling products.  This is considered a solution for the parties to …

Northern factories have been struggling to keep production going over the last several weeks as Covid-19 spreads across industrial parks and forces thousands of workers to stay at home. Of the 35 workers Pham Thi Chung manages in her garment production line, 29 contracted Covid-19 within one week. “Our factory …

  Brewery company Sabeco beer production plant. Sabeco (SAB) was down 3.8 per cent last week. VNA/VnExpress News Photo HÀ NỘI Vietnamese shares are forecast to follow a falling price trend amid weak market sentiment this week pressured by uncertainty about the conflict in Ukraine. The market benchmark VN-Index on the …

While the Russia-Ukraine conflict will raise commodity prices and production costs the overall impact on Vietnam’s economy is not likely to be significant, experts say. In fact, some of its impacts could also create opportunities for exporters, they add. Tran Quoc Hung, CEO of the Institute of International Finance (IFF) …

  Tourists on a sightseeing tour. From tomorrow, international flights will resume fully, for the first time in two years. — Photo baochinhphu.vn HÀ NỘI — The successful vaccination campaign and the removal of restrictions on international flights has created a golden opportunity for Việt Nam to reopen the tourism sector, …