Business

Vietnam gold prices plunged Thursday after a gaining streak since the end of last month as global rates dropped. State-owned Saigon Jewelry Company (SJC) sold its gold at VND68.1 million ($2,981.28) per tael, down 4.49 percent from Wednesday. A tael equals 37.5 grams or 1.2 ounces. DOJI sold its gold …

  At the inauguration ceremony, representatives from the local government and SABECO pressed the button to start producing the first batch of beer of the project. — Photo courtesy of the firm HCM CITY — SABECO on Tuesday officially inaugurated the capacity expansion project of Sài Gòn – Quảng Ngãi …

The Ministry of Industry and Trade has called for a 50 percent cut in environment tax on gasoline, double the rate proposed earlier by the Ministry of Finance. This will bring down the tax from the current VND4,000 ($0.18) to VND2,000. The finance ministry had suggested bringing it down to …

  Speakers at the “Industrial Real Estate: Filling in and Filling up” conference organised on Wednesday in HCM City. VnExpress News Photo Bồ Xuân Hiệp HCM CITY — Việt Nam will remain one of the best investment destinations for industrial real estate in Southeast Asia for the next 10 years and …

Bamboo Airways has signed a EUR100-million ($110 million) contract with European aircraft maintenance firm Lufthansa Technik AG to service its airplanes. Lufthansa Technik would also supply materials for its Boeing 787 and Airbus A320 aircraft, the airline said in a statement. It also signed MoUs with two other European firms, …

Gasoline prices will continue to scale new peaks if the government does not intervene with its stabilization fund, loss making distributors have warned as global shortages loom. With crude oil approaching its previous price peak of August 2020, a gasoline distributor in Hanoi said that they were selling at a …

Vietnam’s seafood exports rose 51 percent year-on-year in January-February to US$1.5 billion, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Catfish and tuna exports led with 93 and 83 percent growth, posting turnovers of $384 million and $156 million, respectively. Shrimp, squid and octopus exports increased 45 …

With Vietnam set to fully open its doors to tourists from March 15, the Tourism Advisory Board has urged the government to scrap Covid testing requirements for foreign visitors. In said Vietnam should “treat foreign and domestic tourists alike.” Domestic tourists are exempt from quarantine and testing requirements and are …

    Phan Đức Hiếu Restructuring the economy is an important and urgent issue for Việt Nam, especially as the Government is endeavouring to innovate the growth model for rapid and sustainable development as well as taking advantage of opportunities post-pandemic. Phan Đức Hiếu, a standing member of the National …

  Russia-Ukraine tensions are pushing up prices of input materials for global production, such as wheat and corn. — Photo nongnghiep.vn HÀ NỘI — Diversifying markets would help Việt Nam mitigate the potential negative impacts of the conflict between Russia and Ukraine on agri-forestry-fishery trade, according to the Ministry of Agriculture and Rural Development. This …