A farmer is harvesting coffee. Improving coffee quality and building brands are essential for Việt Nam to expand export to the European Union. — VNA/VnExpress News Photo HÀ NỘI — Improving coffee quality and building brands are essential for Việt Nam to expand export to the EU, according to the Ministry …
Read More »Vietnam oil industry braces for impact of Russia-Ukraine conflict
Surging crude oil prices may benefit the Vietnamese oil industry, but its exploration and exploitation activities are likely to be hit by the geopolitical situation. Oil prices skyrocketed by 30 percent after Russia launched military action against Ukraine, resulting in western sanctions on the former that have disrupted supply chains. …
Read More »Watch out for Russia-Ukraine conflict impacts, VN businesses told
Vietnamese firms were advised to brace for impacts of the Russia-Ukraine conflict, several of which were detailed at a conference held in HCM City last Friday. VnExpress News Photo Bồ Xuân Hiệp Bồ Xuân Hiệp HCM CITY — Vietnamese enterprises should prepare to deal with ramifications of the ongoing …
Read More »Building 35,000 social housing units in HCMC an ambitious goal
Constructing 35,000 new social housing units over five years in Ho Chi Minh City will be challenging unless current legal roadblocks are lifted, industry insiders say. HCMC’s recently announced target of 35,000 social housing units from 2021 to 2025 doubles its actual achievement of 16,000 units in the 2016-2021 period. …
Read More »Cold storage market to top $295 mln by 2025: forecast
The cold storage market is expected to grow at an annual rate of 12 percent to become US$295 million worth by 2025, property services firm Cushman & Wakefield said. The growth rate is being driven by a surge in demand from the fisheries industry and for storage of vaccines, it …
Read More »Deputy PM urges Petrovietnam to stop both exporting and importing crude oil
Petrovietnam needs to speed up investment in refining to ensure domestic supply and stop exporting and importing oil at the same time, Deputy Prime Minister Le Xuan Thanh said. Speaking at a meeting with the oil and gas group management Friday, he said the relevant ministries should take measures to …
Read More »Grab Vietnam country head to resign
Grab Vietnam managing director Nguyen Thai Hai Van is set to quit at the end of next month after two years at the helm. She delivered the news at a company meeting Friday, according to Tech in Asia. Calls to a Grab Vietnam media spokesperson went unanswered. It is unclear …
Read More »Effective delivery of preferential loans needed for firms
Pandemic-hit firms would enjoy an interest rate cut of two per cent under a credit package worth VNĐ17 trillion to promote economic recovery. — VNA/VnExpress News Photo HÀ NỘI — A clear mechanism is essential to ensuring a preferential credit package will benefit pandemic-hit firms and contribute to economic recovery. Under the State Bank …
Read More »Việt Nam’s e-sports present golden opportunities
Many game creators are estimated to earn billions of đồng each year from their activities.— Photo cafef.vn HÀ NỘI — The pandemic caused a series of disturbances in the traditional sports industry but created a golden chance for e-sports and game creators. Experts said that with a savvy, large, dynamic and well-integrated youth population, Việt Nam was …
Read More »Half of schools, hospitals to accept cashless payment this year
A QR code is used at a hospital. — Photo baochinhphu.vn HÀ NỘI — About half of all schools and hospitals in centrally managed provinces and cities will accept non-cash payments by the end of the year. This was the target set by the Ministry of Information and Communications …
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