Trade - Service

Ride-hailing firm Grab has introduced food deliveries through its GrabFood platform in Vietnam after successful roll-outs in Indonesia and Thailand.

National flag carrier Vietnam Airlines expects to serve more than 24.3 million passengers and earn consolidated net profit of over VND97 trillion (US$4.27 billion) in 2018.

The utilization rate of preferential treatment from Vietnam - Korea Free Trade Agreement (VKFTA) of Vietnam has come to saturation point at some sectors, requiring new methods to bring long-term benefits for enterprises of two countries.

Vietnam`s woods and wooden products export turnover in April are estimated at US$680 million, taking the total figure in the first four months at US$2.6 billion, up 9% year on year.

In the first half of April, Vietnam`s export turnover reached a 5-year high of US$64.41 billion, up 22.8% or an increase of US$11.98 billion year on year, said the General Department of Vietnam Customs (GDVC).

Japanese retail group Aeon plans to convert franchises into directly managed facilities in Vietnam, for which the number of its locations will triple to 30, said a report by Nikkei Asian Review.

Deputy Prime Minister Vuong Dinh Hue approved the Ministry of Finance`s proposal to exempt tax on goods imported into Vietnam by Emirates Airlines, said the government portal on May 5.

By the end of 2017, Viettel posted US$1.3 billion in revenue from investing in oversea markets, announced the military-run telecom group.

In the first four months, Vietnam`s fruit and vegetables export turnover reached US$1.29 billion, up 26.2% year on year, said the Ministry of Industry & Trade (MoIT).

In the first quarter, Saigon Beer Alcohol Beverage (Sabeco) posted its profit at VND1.1 trillion (US$48.2 million), down 1.1% year on year, according to the company`s consolidated financial statement.

Vietjet Air`s revenue and pre-tax profit in the first quarter stood at VND12.5 trillion (US$548.1 million) and VND1.48 trillion (US$64.9 million), equivalent to 2.5 times and 3.5 times higher quarter on quarter, respectively.

Exports rose just 4.1% year on year in April - the slowest pace since July 2016 - as shipments of electronics fell on a yearly basis for the first time in over two years, said HSBC`s report.

Vietnam`s agro - forestry - fishery export turnover in April accounted for US$3.2 billion, taking the total export turnover in the first 4 months to US$12.3 billion, up 11.9% year on year, according to the Ministry of Agricultural & Rural Development.

Mitsubishi Motors expects to resume shipments to Vietnam as early as June, said in a Nikkei Asian Review report.

Vietnam’s consumer price index (CPI) in April moved 0.08% against last month, pushing up the four-month figure by 2.8 percent year-on-year, reported the General Statistics Office (GSO) on April 29.

Authorities should closely watch on inflation to timely take appropriate measures as it is under pressure to rise significantly next time, experts suggested.

In the first 4 months, Vietnam`s export turnover is expected to reach US$144.13 billion, up 14.4% compared to the same period of last year, said the General Department of Vietnam Customs (GDVC).

Authorities have planned to help farmers in northern provinces promote exports of litchi and longan to foreign markets, including China.

National flag carrier Vietnam Airlines and ST Aerospace has signed a Memorandum of Understanding (MOU) to provide component Maintenance, Repair & Overhaul (MRO) solutions.

Since 2011, Vietnam has spent more than VND256.5 trillion (US$11.6 billion) to import 528,200 cars, according to the General Department of Vietnam Customs (GDVC).