Business

  Farmers in Bắc Hà District, Lào Cai Province, harvest organic cinnamon for export to India, the Middle East, the EU and Japan. — VNA/VnExpress News Photo LÀO CAI — The northern mountainous province of Lào Cai has pledged to boost sustainable development of the cinnamon value chain by approving a project on cinnamon …

Vietnam’s benchmark VN-Index rose 0.29 percent to 1,505.38 points Wednesday, its fourth session in the green, with trading value highest in over three weeks. The index stayed in the green throughout the day and closed four points higher. It has gained nearly 35 points in the last four sessions. Trading …

  A construction site of FECON Corporation (FCN). FCN rose 7 per cent Wednesday. — VNA/VnExpress News Photo Tú Uyên HÀ NỘI — Vietnamese markets extended gains and ended higher on Wednesday, thanks largely to sharp rises in property and steel shares. The market benchmark VN-Index on the Hồ Chí Minh …

Prime Minister Pham Minh Chinh on Tuesday ordered the Ministry of Culture, Sports and Tourism to work with relevant agencies to soon announce a roadmap for full tourism resumption. This was the second time in a month the PM had urged the ministry to quickly and safely reopen tourism in …

  Prime Minister Phạm Minh Chính speaks at the New Year meeting with SBV staff. VNA/VnExpress News Photo Dương Giang HÀ NỘI — The banking sector plays the key role in maintaining the macro-economic stability and other major balances of the economy, stated Prime Minister Phạm Minh Chính at a New Year …

  Customers filing up at a petrol station in Hà Nội. The Goverment has asked petroleum traders and distributors to ensure supply for domestic consumption.  — VNA/VnExpress News Photo HÀ NỘI — Deputy Prime Minister Lê Văn Thành has asked the Ministry of Industry and Trade (MoIT) to promptly conduct inspections to …

Gasoline shortages have been occurring only in a few southern locations and the country has adequate reserves to fully meet demand, the industry ministry has assured. Shortages are only reported by small distributors who want to hold on to their stocks to push prices up, Deputy Minister of Industry and …

Hang Xanh Motors Service JSC, a major Mercedes-Benz dealer, reported profits of VND125 billion (US$5.5 million) in the final quarter of last year after record losses in Q3. “The 50 percent reduction in registration fees for locally produced cars, effective from December 2021, stimulated demand,” it said. In the previous …

Banks are quickly putting up borrowers’ loan collateral like land, factories, machinery, and cars for sale after Tet, the nine-day Lunar New Year festival ending Feb. 6. Vietcombank auctioned land use rights and other assets of Evergreen Industries (Vietnam) Co., Ltd. with a reserve price of VND1.1 trillion (US$48 million). …

  315 enterprises at VSIPs have resumed operations after the New Year holiday, many of which have capacity reaching nearly 100 per cent. — Photo tdc-vietnam.com BÌNH DƯƠNG — Workers are returning to factories in the southern province of Bình Dương as firms gather pace to bring production back to normal after …