The clamor is growing for the government to fully reopen borders to tourists in early February and scrap the stringent entry restrictions to revive the tourism sector. Dinh Viet Son, deputy head of the Civil Aviation Authority of Vietnam, said at a tourism conference on Monday that full resumption of …
Read More »Steel producers make provisions for devaluation in inventory as prices cool down
Steel products inside a SMC Trading Investment JSC’s warehouse. Photo smc.vn HÀ NỘI — After increasing inventories at the beginning of 2021 to take advantage of price differences to maximise profits, the strategy has now hit steel producers hard as global steel prices plunged at the end of the year. The first two …
Read More »Việt Nam to resume cut flower exports to Australia
Workers classify and pack flowers for exports. — VNA/VnExpress News Photo HÀ NỘI — A new phytosanitary measure for Việt Nam’s cut flowers exported to Australia was unveiled during a ceremony held on January 24. The event was jointly organised by the Plant Protection Department (PPD) under the Ministry of …
Read More »Bank deposit growth of individual customers slowed in 2021
A customer deposits at a bank. Deposits of individual customers at banks by the end of November last year increased only nearly 2.63 per cent, the lowest growth rate in many years. Photo cafef.vn HÀ NỘI — The deposit growth rate of individual customers at banks slowed last year due …
Read More »China border logjam means farm produce needs domestic, new export markets
Fruits that cannot be exported are sold cheaply on the streets of HCM City. —Photo nld.com.vn HCM CITY — The Government and businesses should have a sustainable strategy to promote the domestic market and find other markets to consume farm products that cannot be exported to China. Thousands of …
Read More »VN’s auto market to bounce back this year
A client checks a new car at a showroom in Hà Nôji. The local automotive market is expected to rebound this year, returning to its growth track after sluggish sales last year. – VNA/VnExpress News Photo HÀ NỘI — The Vietnamese automotive market is expected to rebound this year, returning to its growth …
Read More »Vietnam exports large volumes of dragon fruit to Australia
Vietnamese dragon fruit being sold at Đại Phát Supermarket in Melbourne, Australia. — Photo Việt Nam Trade Office in Australia HCM CITY — Vietnamese exporters have shipped exported nearly 30 tonnes of dragon fruit to Australia in recent weeks at a price of VNĐ200,000 (US$8.7) per kilogramme, according to the …
Read More »Shares suffer worst daily decline since mid-Jan
A customer at a branch of FPT Corporation’s FPT Telecom Joint Stock Company. FPT lost 3.3 per cent Monday. Photo FPT HÀ NỘI – Vietnamese stocks logged their biggest daily drop since mid-January as losses in large-cap and financial securities stocks outweighed the boost from banking shares. The VN-Index on the Hồ …
Read More »Hoang Anh Gia Lai aims high with pig, banana farming
Hoang Anh Gia Lai Joint Stock Company is focusing on pig and banana farming in Vietnam, Laos and Cambodia for export, its chairman Doan Nguyen Duc, said. “Agriculture is hard work; once on the fourth day of a new lunar year I had to plant trees, but got bitter fruits,” …
Read More »VN-Index posts biggest loss in five sessions
Vietnam’s benchmark VN-Index plunged 2.25 percent to 1,439.71 points Monday, the biggest loss in five sessions, with three blue chip tickers hitting floor prices. The index remained in the red throughout the day and closed 33 points lower after gaining nearly 34 points in the last three sessions. Trading value …
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