Budget revenue

As the government has planned to offer a number of incentives for the aviation industry, one of the hardest-hit sectors by the pandemic, Cung expected the government to speed up the implementation of these incentives, including waiving fees related to outstanding government-guaranteed loans as of December 31, 2019 for local airlines, and reduce 50% of take-off and landing charges, as well as air navigation service fees for domestic flights from March to September. … [Read more...] about BUSINESS NEWS HEADLINES JUNE 11

Chairman of the Hanoi People’s Committee Nguyen Duc Chung on May 9 tipped that, at the upcoming event, the city will issue investment licenses for some 100 projects. Among them, domestic investors are expected invest nearly VND330 trillion (US$14.28 billion), including 26 social housing projects worth VND72 trillion (US$3.11 billion) for low-income buyers. … [Read more...] about BUSINESS NEWS HEADLINES JUNE 13

Released during the 25th Anniversary of US-Vietnam diplomatic relations, the Open Doors data is demonstrable proof that education is a cornerstone of the bilateral relationship. With a total of approximately 26,000 Vietnamese students pursuing studies at all levels in the United States, the US Mission to Vietnam will continue to promote opportunities for Vietnamese students to study in the United States through its Education USA services, American Centres in Hanoi and Ho Chi Minh City, and American Hangouts in Can Tho and An Giang. … [Read more...] about VIETNAM NEWS NOVEMBER 23 (updated hourly)

Hanoi (VNA) – The State-owned Vietnam Oil and Gas Group (PetroVietnam) has made it into the top three largest firms in Vietnam this year, the tenth year in a row, according to the latest ranking co-released by Vietnam Report (VNR) and e-newspaper VietNamNet. The VNR500 ranking lists the 500 largest companies in Vietnam, considering revenues, profits, growth rates, labour, owner’s equity, and total assets. It is the 14th consecutive year the ranking has been announced. PetroVietnam was listed in the third place, after Samsung Vietnam in the first position and state-run firm Vietnam Electricity (EVN) in the second. A number of subsidiaries of PetroVietnam were also named in the top 40 of the list, including Binh Son Refining and Petrochemical JSC (BSR) in the 11th position; PetroVietnam Oil Corporation (PVOIL), 15th; PetroVietnam Gas Corporation JSC (PV Gas, 16th; Vietnam-Russia joint venture Vietsovpetro, 28th; PetroVietnam Exploration Production Corporation (PVEP), 39th; … [Read more...] about PetroVietnam remains in Vietnam’s top 3 largest firms for 10th consecutive year

The Chinese market was able to successfully keep its place as the country’s main export destination during the first months of the year. The figures show that the total export volume of cassava and cassava-based products to this market during the first four months of the year reached 959,200 tonnes, with a total value of US$324.7 million, representing an annual rise of 15% in volume and 1.4% in terms of value. … [Read more...] about BUSINESS NEWS HEADLINES JUNE 10