Business

The international financial center being planned for HCMC will not focus on entertainment complexes and casinos, according to the first draft plan for the center. Under the draft, it will have three main components: a money market & banking system, a capital market, and a derivatives market. The city will …

The solar power capacity planned by Vietnam for 2031-2045 is “too high” should be reduced to give space for wind power, the government says. In a communiqué issued by the Government Office Saturday, Deputy Prime Minister Le Van Thanh said the capacity for solar power set in the Power Development …

Singapore topped the foreign investors’ list with more than $1.7 billion, up 59.3 percent year-on-year in the in the first two months of this year. It was followed by South Korea with over $1.4 billion, down 12 percent, and China with nearly $538 million, down 29.3 percent, according to the …

  The ground-breaking ceremony. In its first phase, the 64ha Bãi Tràng resort will be built at a cost of about $150 million. — VNA/VnExpress News Photo Công Thử NINH THUẬN — The F.I.T and Crystal Bay groups on Friday began the construction of the over-US$1-billion Cap Padaran Mũi Dinh project in the south-central coastal …

The international financial center being planned for HCMC will not focus on entertainment complexes and casinos, according to the first draft plan for the center. Under the draft, it will have three main components: a money market & banking system, a capital market, and a derivatives market. The city will …

State power utility Vietnam Electricity (EVN) made a profit of VND4.74 trillion ($207.6 million) from all activities in 2020. But, its core business of electricity production and trading reported VND1.3 trillion in losses due to price reduction and discounts. In 2020, EVN sold each kilowatt-hour for an average VND1,820.20, down …

  INGAPORE – Saigon Telecom Technology Joint Stock Company (SAIGONTEL) of Việt Nam and Aurous Capital Pte. Ltd of Singapore have signed a Memorandum of Understanding (MoU) on investment cooperation in a US$2.5-billion project to develop an industrial and urban complex in the northern province of Bắc Giang. This was the largest …

The European Union (EU) will lift its non-essential travel ban and allow entry to all fully vaccinated travelers from outside the bloc, including Vietnam, from March 1. All travelers must have been inoculated with one of the vaccines that have received the green light from European Medicines Agency (EMA) or …

Keppel Group and Sovico Group signed a Memorandum of Understanding on Feb. 25 to develop and roll-out sustainable energy and smart, sustainable township management services in Vietnam. Through their subsidiaries, the two parties will coordinate to explore the development and roll-out of energy and environmental solutions, as well as identify, …

Taxi firms expect to increase their fares as gasoline prices hit an all-time high. Nguyen Cong Hung, Chairman of the Hanoi Taxi Association, said taxi firms planned to increase fares by 5-8 percent, or VND500-800 per kilometer ($1 ≈ VND22,800). The gasoline price surge has increased taxi firm fuel costs …