Sovico group, the co-founder of Vietjet Air, has offered one year of free flights on all domestic and international routes of Vietjet to all members of the Vietnamese men’s and women’s football teams to thank them for bringing pride and happiness to fans across the country.

The Government has officially issued Decree 31/2022/NĐ-CP on interest rate support from the State budget for loans of enterprises, co-operatives and business households.

The retail prices of oil and petrol continued to rise from May 23 following the latest adjustment by the Ministry of Industry and Trade and Ministry of Finance.

Though credit demand is recovering quickly, banks still have to face big challenges related to rising bad debts, provisions and deposit interest rates.

Việt Nam’s inflation is expected to be contained below 4 per cent this year while the economy is projected to grow 6.3 per cent, according to the latest report on Việt Nam by ASEAN+3 Macroeconomic Research Office (AMRO).

The State Capital Investment Corporation (SCIC) posts high revenue but profits sank to 10-year low due to losses from its affiliated companies.

ASEAN has been a huge potential market for Vietnamese rice, and export firms should have a strategy to expand in the market of nearly 700 million people with similarities in culture and lifestyles, Nguyễn Thị Thu Thủy, Deputy Director of Export Support Centre under the Việt Nam Trade Promotion Agency has said.

Although the rally in recent sessions was quite positive, with the temporary cautious state of cash flow, it is likely that the market will need a step back to re-test supply and demand, said brokerages.

An upgrade to emerging status will not only help the stock market develop quickly, transparently and sustainably, but also attract huge foreign capital inflows, said experts. 

Though credit demand is recovering quickly, banks still have to face big challenges related to rising bad debts, provisions and deposit interest rates.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,117 VND/USD on May 23, down 28 VND from the last working day of the previous week (May 20).

The third quarter will be the most stressful period for inflation, said Trần Toàn Thắng, head of the National Centre for Socio-Economic Information and Forecast, at a conference on the Việt Nam Annual Economic Report 2022.

Rising labour and production costs have prompted some relocation, but HCM City remains an appealing investment destination given its market size and speedy recovery, experts say.

Celebrating a vibrant summer and welcoming life back to Vietnam's famous paradise beaches, budget carrier Vietjet has officially reopened flights connecting Seoul and Nha Trang, Phu Quoc and Hai Phong.

The Central Highlands province of Gia Lai held a workshop on May 22 to introduce its potential and seek chances for investment cooperation with Japan in agriculture, processing, renewable energy, and tourism.

Vietnam Electricity (EVN) said it is accelerating power generation and grid projects, especially urgent infrastructure, to ensure supplies in the hot season.

Minister of Finance Hồ Đức Phớc had assigned Deputy Finance Minister Nguyễn Đức Chi to directly take the charge of the State Securities Commission (SSC) from May 19.

The Vietnamese economy picked up strongly in early 2022, thanks to a strong vaccination drive, robust global demand for its manufacturing products, momentum in domestic demand, and resilient foreign direct investment (FDI) flows.

The pandemic has been exposing the unsustainability of current consumption and production models, stressing the need for a green growth strategy and the incorporation of sustainability into the heart of business.

Tan Cang Que Vo in the northern province of Bac Ninh has been added to the list of inland container depots (ICDs) in Vietnam, which now reaches 10 in total, according to a newly-released decision by the Ministry of Transport.