As Vietnam has to wait for another year for the bill on preventing and fighting against the harmful effects of alcoholic beverages to be revised and completed, many streets across the country will remain day and night filled with beer shops and the “Cheers” sound of drinking toasts. … [Read more...] about Why do Vietnamese drink so much?
Half billion dollar lottery
Net interest income (NII) for the first half grew to VND8.1 trillion, up 23 per cent from the same period last year. Net Fee and Commission Income (NFI) was VND2 trillion, posting 57 per cent year-on-year increase. NFI was 16.8 per cent of TOI as compared to 13.8 per cent in the first half of 2019, with a strong contribution from bond underwriting activity during the period. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 3
In the long term, the inflation risks from huge monetary and fiscal policies to cope with the pandemic also boost the demand for this safe haven asset. Gold prices zoomed to a record high last week, as a weakening US dollar injected new momentum into an upsurge driven by uncertainty about the world economy. … [Read more...] about Global uncertainties pushing gold prices to record highs
As Vietnam opened its sky for domestic operation in June, Vietjet resumed all of its domestic flight network with 300 daily flights, a triple to five times growth compared to the figures at the country’s COVID-19 pandemic peak. The airline also launched eight new routes to meet rising domestic travel demand, increasing its total domestic flight network to 52 routes with overall flight operated reached 14,000 flights. Its total passenger carriage reached 1.2 million passengers, marking a positive recovery for the domestic market in June. … [Read more...] about Vietjet reports loss of over VND2.1 trillion for H1
The World Bank (WB) forecasts that the global economy this year will shrink by 5.2 per cent. The economies of developed countries will shrink by 7 per cent as domestic demand and supply, trade, and finance have been severely disrupted, and emerging and developing markets will decrease by 2.5 per cent this year. … [Read more...] about Vietnam fulfills international commitments as EVFTA takes effect