News

Airbnb hosts in HCMC earn a higher average revenue for homesharing services than those in Hanoi. Especially in the winter, each of the HCMC-based homeowners generates VND11.5 million (US$491) per month, while the monthly income of a host in Hanoi is some VND6.7 million.

After five years of decline, Vietnam’s processing and manufacturing sector has begun to receive a substantial volume of investment capital from Japanese enterprises. In addition, investors from Japan are paying more attention to Vietnam’s domestic market instead of only focusing on export to other countries.

The local market is expected to improve early next week after the indexes of the HCMC and Hanoi bourses bounced back slightly last Friday, seeing the possibility of the VN-Index heading toward the 965-970-point resistance zone in the next few sessions, said Tran Xuan Bach at the macro and market research department of Bao Viet Securities Company.

Vietnam needs to boost domestic investment and productivity growth to renew its growth momentum and achieve its targeted high income status by 2045, said economists from the World Bank (WB) office in Vietnam at a workshop in Hanoi on June 7.

Vietnam Electricity Group (EVN) said in a report that the State utility firm will be operating more than 30 solar power plants later this month, taking the total to over 80 plants.

The Ministry of Transport is collecting feedback for a draft to increase toll fees at 37 BOT road projects as those projects have reported lower-than-expected revenues, local media reported.

The trade war between the United States and China is driving up Vietnam’s exports to the U.S. market but dragging the country’s shipments to China down, according to some experts.

Minister of Planning and Investment Nguyen Chi Dung has outlined three commitments to the investor community at the Vietnam Venture Summit today.

The total investment capital of the five metro line projects in Hanoi and Ho Chi Minh City increased by VND80 trillion ($3.47 billion) against initial expectations due to delays in land clearance, arranging capital, and irresponsible investors.