Vietnam’s economy glimmers with bright prospects but faces new challenges, given the fact that the COVID-19 pandemic has yet to end and global political and economic shocks continue. At the Hai Phong port (Photo: VNA) In 2020 and 2021, despite impacts of the pandemic, Vietnam maintained positive growth, mainly thanks to increases in import-export and investment, especially foreign...

The PetroVietnam Exploration Production Corporation (PVEP) contributed over 7.99 trillion VND (over 344,66 million USD) to the State budget in the first five months of 2022, surpassing the target by 92 percent. A drilling rig of PVEP at Rang Dong field - Illustrative image (Photo: PVN) To take advantage of high oil prices in the world market, PVEP has...

The proposal to impose a 5 percent tax on inorganic fertiliser exports may increase costs and reduce the competitiveness of Vietnamese fertilisers. Fertiliser packages are loaded for transport at the PetroVietnam Fertiliser and Chemicals Corporation. (Photo: tbdn.com.vn) The Vietnam Fertiliser Association has just sent a written response to the Ministry of Finance regarding the draft proposal of imposing a...

Vietnam reported a year-on-year surge of 23.5 percent in exports of textile and garment to earn 18.7 billion USD in the first five months of this year in the midst of lingering market uncertainties coupled with rising prices of inputs. Illustrative photo. (Source: VNA) A majority of textile-garment companies have orders to fulfill by the end of September,...

The Trade Remedies Authority has recommended businesses stay cautious after US President Joe Biden's announcement on June 6 on tariff exemption for solar panels imported from Vietnam, Cambodia, Malaysia and Thailand, urging them to continue to review their export of products subject to the US’s anti-circumvention investigation. At a solar power project in Vietnam (Photo: VNA) The exporters...

Vietnam is again in the spotlight after Apple’s move to shift production activities to this Southeast Asian country, according to TRT World page of Turkish Radio and Television Corporation. Illustrative image. (Photo: VNA) This move showed that Vietnam has emerged as a preferred manufacturing destination for global tech giants. For the first time, Apple is moving part of its...

The life insurance market remains attractive despite slowing down of late, according to the Insurance Association of Vietnam. A rountable event to discuss Vietnam’s life insurance market in HCM City on June 7. (Photo: VNS/VNA) Ngo Trung Dung, its general secretary, said the market grew at 25-30 percent a year in 2011-19 before falling to 17-18 percent in the...

The Japanese-based Mikazuki Hotel Group opened the 13ha Mikazuki Japanese Resort & Spa in the central coastal city of Da Nang on June 8. Mikazuki resort map (Source: mikazuki.com.vn) Costing 3.9 trillion VND (168.16 million USD), the project is located in Lien Chieu district, offering locals and tourists new Japanese-standard tourism services. It features a 22-storey hotel with 294...

As of late May, the Dragon Gas Compression Platform (DGCP) of the PetroVietnam Gas Joint Stock Corporation (PV GAS) saw an output of 5 billion cu.m of gas, according to the company. Dragon Gas Compression Platform (Photo: pvn.vn) The figure is a hallmark in the operation of the DGCP as well as in cooperation and coordination between PV Gas...

Twenty Vietnamese enterprises are participating in Seoul Food 2022, which kicked off at the Korea International Exhibition Centre (KINTEX) on June 7. Vietnamese enterprises showcase their products at the event (Photo: VNA) The event provides an ideal venue for Vietnamese food and beverage businesses to strengthen trade promotion activities, and effectively gain entry into the Republic of Korea (RoK)’s...